Update on Operations at Recto Bank

23 April 2012

Forum Energy Plc

Update on Operations at Recto Bank

Forum Energy plc, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, notes the media reports in the Philippines, and confirms that the interpretation of new 3D and 2D data acquired over the Service Contract 72 licence area in 2011 is scheduled to be presented in final form to the Board later this week. This report is expected to show an improvement in the resources previously known.

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