Forum Energy announces today that a key 3-D seismic survey over the Sampaguita Gas Field (‘Sampaguita’) discovery offshore the Philippines has been completed. The Company will begin analysing the data shortly with the aim of evaluating the commercial potential of this discovery, and help identify the best location for a possible appraisal well to be drilled in 2006.

Sampaguita is located within licence area GSEC 101, west of Palawan Island in the South China Sea, and Forum Energy holds 100 per cent. of the licence. It lies 250 kilometres south west of the Shell-operated Malampaya Gas Field. Gas has already been tested from Sampaguita during drilling in the 1970s and 1980s.

The survey was carried out over an area of 248 square kilometres by DGC Asia Pacific Ltd, part of Veritas, using the M/V Pacific Sword. Veritas will also process the results.

Forum Energy Chief Executive David Robinson said: “We are delighted to have completed this important survey so efficiently, and are confident that state-of-the-art 3-D seismic technology will give a much clearer understanding of the extent of this potentially highly significant gas discovery.”

This survey has been completed just two weeks after the Company listed on AIM in conjunction with an £11 million placing at 112p per share. A pre-IPO placing in May 2005 raised approximately £3.4 million at 100p per share.

For further information, contact:
David Robinson, Chief Executive, Forum Energy plc: +44 (0) 7971 808 650
Adam Westcott, Noble & Company Ltd: +44 (0) 131 225 9677
Ian Foster, First City Financial Public Relations: +44 (0) 20 7436 7486 or +44 (0) 7739 185 050