Anterra Announces Flow-Through Financing



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
    THE U.S./

    TSXV Symbol: AE.A and AE.B
    30,712,246 Class A Shares
    753,014 Class B Shares

    CALGARY, Dec. 18 /CNW/ - Anterra Energy Inc. announces that it intends to
offer for sale on a private placement basis up to 1,444,444 Class A shares to
be issued on a flow-through basis at a price of $0.90 per share. Anterra
intends to use the proceeds of this financing for its winter capital
expenditure program.

    Anterra Energy Inc. is an emerging energy company with a balanced
portfolio of high impact exploration and lower risk exploitation projects.
Complementing this strong exploration and development focus, the Company owns
and operates oil and gas production and associated fee-based midstream
facilities in western Canada. Anterra is a public Canadian company listed on
the TSX Venture Exchange under the symbols AE.A and AE.B. More information
about Anterra is available on the internet at www.anterraenergy.com

    READER ADVISORY

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

    This news release contains forward looking information related to the
planned financing. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause actual results
to differ from those anticipated. These risks include, but are not limited to,
risks associated with the oil and gas industry. Due to the risks,
uncertainties and assumptions inherent in forward-looking statements,
prospective investors in the company's securities should not place undue
reliance on these forward-looking statements.

    %SEDAR: 00025272E




For further information:

For further information: Owen C. Pinnell, Chairman and Chief Executive
Officer, Anterra Energy Inc., Telephone: (403) 215-2427, Facsimile: (403)
261-6601, E-mail: pinnello@anterraenergy.com; Giles Parker, Chief Financial
Officer, Anterra Energy Inc., (403) 215-0860, parkerg@anterraenergy.com

Organization Profile

ANTERRA ENERGY INC.

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