JUNIOR OIL PLAYS

[eom7]

FECOF .04 - 2D and 3D seismic surveys completed


Forum Energy is pleased to announce that it has completed its seismic acquisition over SC72.

As part of the work program, 564.887 Km2 of 3D seismic data was acquired over the Sampaguita Gas Field and 2,202.38 Line-Km of 2D seismic data was also acquired over the block in order to further define additional leads identified within the SC72 acreage.

The Company will immediately begin processing the data with the aim of further evaluating the commercial potential of the block, and to help identify the best location for possible appraisal wells to be drilled in the next sub-phase of the SC72 licence.

The survey was carried out by CGG Veritas, using the M/V Veritas Voyager.

Robin Nicholson, Executive Chairman, commented:

"We are delighted to have completed our work programme so efficiently and ahead of our anticipated schedule. We have now met our contractual commitments with the Philippine Department of Energy under Service Contract 72 and look forward to making further investments into the project."

For further information please contact:

Forum Energy Plc
Andrew Mullins, Tel: [phone]
Executive Director
Company Secretary

Execution Noble & Company Ltd (Nominated Adviser & Broker)
Harry Stockdale Tel: [phone]

Or visit the Company's website:
www.forumenergy.com


Notes to Editors:


1 Service Contract 72 (formerly GSEC101) is an 8,800 Km2 licence located approximately 100 Km offshore West Palawan, in the South China Sea. Forum Energy Plc (through its 100% interest in Forum Philippine Holdings Ltd and Forum (GSEC101) Ltd) holds a 70% equity interest in the SC72 licence.

2 In 2006, results from a 248-square kilometre 3D seismic survey over the SC72 licence area indicated mean 3.4 Trillion Cubic Feet (TCF) gas-in-place (GIP) at the Sampaguita Gas Discovery.

3 Philex Mining Corporation (through its interests in FEC Resources, Inc and Philex Petroleum Corporation) controls 64.45% of the share capital of Forum.