Lfeaccetfusd Regulatory News (FEP)

25 Sep 2009 08:45



For immediate release

25 September 2009

FORUM ENERGY plc

('Forum' or the 'Company')

Sale of interest in Forum Cebu Coal Corporation ("FCCC")

The board of Forum (the "Board") is pleased to announce the sale of its interest in FCCC to CR Nichrome, a Filipino mining company for US$1 million in cash.

FCCC holds the COC131 Coal Operating Contract in Cebu, Philippines. 

The proceeds of the sale will be used for general working capital purposes.

For further information please contact:

Forum Energy Plc

Walter W. Brown Tel: +44 (0)1932 445 344

Chief Executive Officer

Andrew Mullins, Executive Director

Noble & Company Ltd (Nominated Adviser & Broker)Brian Stockbridge  Tel: +44 (0)20 7763 2200

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