Anterra Cases Judy Creek Devonian Well



    TSXV Symbol: AE.A and AE.B

    
    26,360,606      Class A Shares
    753,014         Class B Shares
    

    CALGARY, Oct. 2 /CNW/ - Anterra Energy Inc. ("Anterra" or the "Company")
today announced that it will case its LSD 9-19-62-11W5M exploration well at
Judy Creek and is assessing its completion alternatives following indications
of hydrocarbons in several zones, including the Swan Hills Devonian reef
formation, which was the primary target of the well. Anterra holds a 100%
working interest before payout and a 60% working interest after payout in the
well.
    The well encountered 3 meters of oil saturated interval in the Devonian
Swan Hills reef formation and interpretation of 3-D seismic and well log data
from this well and from adjoining wells indicate that this appears to be a new
pool discovery. Several additional wells will be needed to fully exploit the
resource and Anterra holds a greater than 90% working interest in 5,000 acres
over the prospect. The well also encountered hydrocarbons in two shallower
horizons which are presently being drill stem tested.
    "We are encouraged by the results of this well", said Owen Pinnell,
Chairman and CEO of Anterra. "Although further drilling and testing will be
needed to quantify the scale of this discovery, the investment we have made in
this project on 3-D seismic, land and drilling provide us with sufficient data
to develop an exploitation plan, which will include the drilling of several
development wells." Pinnell added: "We caution shareholders to await further
announcements on the well which will be forthcoming following production
testing of the primary zone, before reaching conclusions about the magnitude
of this discovery and the impact it may have on the Company."

    Anterra Energy Inc. ("Anterra" or the "Company") 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.anterra.org.

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

    This news release contains forward looking information related to the
planned drilling program, production and operating costs. 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 (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty
of estimates in relation to reserves, production and expenses; and health,
safety and environmental risks). 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.





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@i3capital.com

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ANTERRA ENERGY INC.

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