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14 Nov 2008 11:45
14 November 2008
Forum Energy Plc
("Forum Energy" or the "Company")
Appointment of Chief Executive Officer
Forum Energy is delighted to announce the appointment of Dr. Walter William Brown as Chief Executive Officer of the Company with immediate effect. Dr. Brown takes over from Alan Henderson, who has been acting Chief Executive Officer since June 2008 and who will continue in his role as Chairman of the Company.
Dr. Brown has extensive experience in both the mining and oil exploration and production industries in the Philippines. He has several academic qualifications including two undergraduate degrees: B.S. Physical Science (1959), B.S. Geology (1960), from the University of the Philippines, Manila; and post graduate degrees from Stanford University: M.S. Economic Geology (1963), Ph. D in Geology, Major in Geochemistry (1965). He has been associated with a number of companies in this industry including Dominion Asia Equities, Inc. (Belle Corp), Palawan Oil & Gas Exploration (Vantage Equities), 7 Seas Oil Company, Inc. (Abacus), Universal Petroleum (Universal Rightfield) and was previously Technical Director of Dragon Oil Plc, listed on the London Stock Exchange.
Since January 2004, Dr. Brown has been Chairman and Chief Executive Officer of Philex Mining Corporation, a company that, through its subsidiaries Philex Petroleum Corporation and FEC Resources, Inc, has an interest in 18,483,511 ordinary shares of Forum Energy, representing 61.44% of the issued share capital of the Company.
For further information please contact:
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Forum Energy Plc: |
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Andrew Mullins |
Tel: +44 (0)1932 445344 |
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Executive Director Company Secretary |
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Noble & Company Ltd: (Nominated adviser) |
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James Bromhead/Brian Stockbridge |
Tel: +44 (0)207 763 2200 |
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Pelham Public Relations: |
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James Henderson |
Tel: +44 (0)20 7743 6674 |
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Evgeniy Chuikov |
Or visit Forum's website:
www.forumenergyplc.com
In accordance with Schedule 2(g) of the AIM Rules, the following information in relation to the appointment of Walter Brown (aged 69) as a director of Forum Energy is disclosed:
Current directorships:
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Directorships held in the past five years:
South Bank (formerly KagayAnon Rural Bank)
Union Bank (formerly International Exchange Bank)
Receivership:
On 12 December 2002, Philippine Realty & Holdings Corporation, a company that develops and sells residential / office condominium projects and, to a limited extent, leases commercial and office spaces, was placed into receivership.
Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.
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