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RNS Number : 2828G

Forum Energy Plc

02 March 2015

FORUM ENERGY PLC

("Forum Energy" or the "Company")

SC72 UPDATE

Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, today confirms that the Philippine Department of Energy ("DOE") has granted a force majeure on Service Contract 72 ("SC72") because this contract area falls within the territorial disputed area of the West Philippine Sea which is the subject of an United Nations arbitration process between the Republic of Philippines and the People's Republic of China.

Under the terms of the force majeure, all exploration work at SC72 is immediately suspended (effective from 15 December 2014) until the DOE notifies the Company that it may commence drilling. As a result, the second sub-phase of SC72 has been put on hold until further notice.

The terms of the second sub-phase and all subsequent sub-phases will be extended by the term of the force majeure.

Further updates on SC72 will be made as and when appropriate.

For further information please contact:

Forum Energy Plc

   Andrew Mullins                Tel: +44 (0) 208 616 7297 

Executive Director

Execution Noble & Company, trading as Espirito Santo Investment Bank

(Nominated adviser)

   Harry Stockdale                 Tel: +44 (0) 207 456 9191 

Or visit the Company's website:

www.forumenergy.com

This information is provided by RNS

The company news service from the London Stock Exchange

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