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Trading Update

29 Oct 2014 07:00

RNS Number : 4942V
Forum Energy Plc
29 October 2014
 

 

FORUM ENERGY PLC("Forum Energy" or the "Company")Trading Update

Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, notes the announcement being made by Philex Petroleum Corporation ("Philex") to the Philippines Stock Exchange today in relation to its financial performance for the nine months ended 30 September 2014.

Because Philex controls approximately 60.5% of Forum Energy (including through FEC Resources Inc), this trading update includes a reference to Forum Energy's revenues.

Accordingly, Forum Energy confirms its unaudited revenues for the 9 months to 30 September 2014 were US$6.1 Million (2013: US$3.4 Million) up 79% year on year, mainly due to the start of production at Phase 2 of the Galoc oil field (SC-14C).

 For further information please contact:Forum Energy PlcAndrew Mullins, Tel: +44 (0) 208 616 7297

Executive DirectorExecution Noble & Company, trading as Espirito Santo Investment Bank (Nominated adviser)Harry Stockdale Tel: +44 (0) 207 456 9191Or visit the Company's website:www.forumenergy.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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TSTMPBJTMBJTBII
Date   Source Headline
17th Nov 200510:30 amRNSExtended Exclusivity Period
17th Oct 20055:08 pmRNSNotifiable Interest
11th Oct 20054:25 pmRNSNotifiable Interest
4th Oct 20053:31 pmRNSNew Accounting Ref Date
19th Aug 200510:30 amRNSSeismic Survey Completed
8th Aug 20052:30 pmRNSHolding(s) in Company
2nd Aug 20058:00 amRNSFirst day of dealing

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