Lfeaccetfusd Regulatory News (FEP)

3 Feb 2006 13:00

Forum Energy Plc03 February 2006 3 February 2006 Forum Energy Plc Extension of Exclusivity Period Forum Energy Plc (the "Company"), the AIM quoted oil, gas and coal company withassets in the Philippines, announces that it has extended the exclusivity periodwith Basic Consolidated, Inc. ("Basic") to 3 April 2006 while it seeks tofinalise the acquisition agreement. The agreement, summarised in the Admission document, details an exclusive timeperiod within which the two parties would work towards the achievement of amerger of Basic's petroleum interests with the Company. The exclusivity period of the original agreement, dated 17 May 2005, wasextended by the Company on 17 November 2005 and was due to expire on 31 January2006. The Company and Basic have now agreed to extend this deadline to 3 April2006. The petroleum interests of Basic Petroleum, Inc. are solely based in thePhilippines and the surrounding waters. For further information please contact: David Robinson, Chief Executive, Forum Energy Plc: +44 (0) 19 3244 5346 Adam Westcott, Noble & Company Limited: +44 (0) 131 225 9677 Ian Foster, First City Financial Public Relations: +44 (0) 20 7436 7486 +44 (0) 7739 185 050 Or visit the Company's website: www.forumenergyplc.com This information is provided by RNS The company news service from the London Stock Exchange