Anterra Energy Inc Corporate Developments

CALGARY, ALBERTA, November 15, 2010
Anterra Energy Inc. ("Anterra" or the "Company") is pleased to announce certain corporate developments on its core oil and gas properties. BRETON: At Breton, focused workovers and recompletions have increased production from this core property from 100 boepd in July, 2010 to 140 boepd in October, 2010. As a result, total Company production is presently 240 boped. Also at Breton, the Company’s midstream business continues to perform well and is now a solid contributor to monthly revenue and cash flow.

BUCK  LAKE:  At  LSD  01‐17‐45‐5W5M in  Buck  Lake,  Anterra  has  farmed  out  a  portion  of  its  interest  for  the  drilling  of  a  horizontal  Cardium  well  budgeted  at  $3.3  million  (gross),  to  two  industry  partners.     Anterra  is  paying  40%  of  the  costs  of  the  drilling  and  completion  and  will  own  60%  of  the  working  interest  in  the well  and  the  section.  The  LSD  01‐17  location  directly  offsets  four  vertical  producing  Cardium  oil  wells  and  one  horizontal  Cardium  oil  well  in  Section  9  to  the  east  of  the  Anterra  location.   

The  well  is  expected  to  commence  drilling  by  November  15,  2010.  Anterra  holds  a  further  6  sections of  land over the Cardium play in the Pembina area and is seeking  partners to drill horizontal tests on these lands.  

JUDY  CREEK:  Anterra  holds  several  sections  of  land  in  the  Judy  Creek  area  with  two  suspended  Swan Hills  reef  wells  on  the  property.  The  Company  has  recently  farmed  out  the drilling  of  a  $3  million  Swan 

Hills test on the lands which is expected to commence drilling by December 1, 2010. 

SASKATCHEWAN:  Anterra  holds  17  sections  of  land  in  the  Abbott  area  of  south  east  Saskatchewan  and is seeking partners to run 3‐D seismic and drill a horizontal Bakken  well on the property.

About Anterra Energy 

Anterra Energy is an independent exploration, development and production company with an emerging focus on the use of advanced exploration technologies including 3-D imaging, horizontal drilling and multi-stage completions to systematically develop its portfolio of conventional and non-conventional oil and gas projects. Complementing this strong exploitation and development focus, the Company owns and operates fee-based midstream facilities in western Canada. Anterra is a public Canadian company listed on the TSXV under the symbol AE.A. More information about Anterra is available on the Company's website at www.anterraenergy.com.

For further information, please contact:

Gang Fang

Chief Executive

Telephone: (403) 215-2383

Facsimile: (403) 261-6601

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Owen C. Pinnell

Officer Chairman

Facsimile: (403) 261-6601

Telephone: (403) 215-2427

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Reader Advisory:

This news release contains certain forward-looking statements, which include assumptions with respect to future operations. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with oil and natural gas exploration, development, exploitation, production, marketing and transportation, volatility of commodity prices, availability of drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada and the United States, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, and stock market volatility. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Anterra Energy Inc.

1420, 1122 - 4th Street SW
Calgary, Alberta Canada
T2R 1M1

Bus: 403.215.3280
Fax: 403.261.6601

info@anterraenergy.com

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