COMPANY PROFILE

Forum Energy plc (“Forum”) is a UK based oil, gas and coal E&P company with a portfolio of projects in the Philippines.

Forum Energy Plc is a company registered in England and Wales with company number 5411224 and its main country of operation is Philippines.

Forum Energy Plc (“Forum”) was established in April 2005 through the consolidation of the Philippine Oil, Gas and Coal assets of FEC Resources, Inc. of Canada and Sterling Energy Plc of the UK into one corporate entity. In the first half of 2005 Forum completed a £14.4m financing through pre-IPO and IPO fundraisings ahead of admission to the AIM market where the company’s shares are traded under the symbol “FEP”.

In September 2006 results of the interpretation of the 3D seismic programme at the Sampaguita gas discovery indicated a world class gas accumulation with potential reserves of up to 20 TCF (“Trillion Cubic Feet”) Forum has 100% of the equity in the licence in which the Sampaguita offshore gas discovery is situated. The block is located off the North West coast of Palawan Island in the Philippines.

Results from the 3D seismic programme and its interpretation performed by independent consultants, Count Geophysics Limited, confirmed a minimum of 3.4 TCF proven gas in place from sands tested in the 3 wells drilled to-date and the extension of the structure to a possible closure of 290 sq. km giving an upside reserves in these sands alone of 10 TCF. Forum is currently in the process of converting the license to a Service Contract.

In April 2006 Forum enhanced its position in the region through the acquisition of the Philippine Oil and Gas assets of Basic Consolidated Inc (PSE: BCI). The newly-acquired assets included varying interests in nine offshore fields west of the Philippines. The portfolio includes contracts with existing infrastructure, production and proven hydrocarbon potential.

The company also holds two Coal Operating Contracts (“COC”) in Central and Southern Cebu Island.