Lfeaccetfusd Regulatory News (FEP)

17 Nov 2005 10:30

Forum Energy Plc17 November 2005 17 November 2005 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 31 January 2006 while it continuesthe technical due diligence on the assets. Pursuant to an agreement of 17 May 2005 with Basic, the period of exclusivityduring which the parties would work towards the achievement of a merger ofBasic's petroleum interests with the Company expired today, 17 November 2005, asdetailed in the Company's Admission document. The Company will make further announcements as the transaction progresses. 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