Trading Update

FORUM ENERGY plc

("Forum Energy" or the "Company")

Q3 Trading Update

Forum Energy Plc ("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 2011.

Because Philex controls approximately 64.5% 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 2011 were US$8.9m, which was in line with Management expectations.

For further information please contact:

Forum Energy Plc

Andrew Mullins, Tel: +44 (0) 1932 445 344

Executive Director

Company Secretary

Execution Noble & Company Ltd (Nominated Adviser & Broker)

Harry Stockdale Tel: +44 (0) 207 456 9191

Or visit the Company's website:

www.forumenergy.com