The following announcement replaces the Directorate Change announcement made on 3 March 2006 at 14.00, under RNS number 2807Z. This replacement announcement contains an amendment to the exercise dates of the options for Cameron Pearce and David Thompson.

The Company announces that Cameron Pearce has been appointed as Chief Financial Officer of the Company. He has also been appointed to the Board of Forum with immediate effect.

Cameron (aged 34) has gained relevant industry experience in his previous roles as Financial Controller for three AIM listed companies: Celtic Resources Holdings plc, Eureka Mining plc and Victoria Oil and Gas plc. Cameron joined Celtic Resources Holdings plc in September 2004 and was Financial Controller of all three companies. He previously worked as a chartered accountant for Bear Stearns International Limited, Henderson Investors Limited, Rabobank International and KPMG Australia.

Cameron replaces David Thompson on the Board of Forum as of today. David, who having been instrumental in the formation and flotation of the Company in 2005, is leaving the Company to return to his home in Bermuda and concentrate on his other business interests there.

David will remain with the Company until 30 April 2006 and will assist with the audit of the Group’s accounts for the period to 31st December 2005, the preparation of the annual report and related work. David’s options over 270,000 ordinary shares will become fully vested on 9 August 2006 and shall remain exercisable up to 9 February 2007 under the Option Scheme Rules.

Commenting on the announcement David Robinson, Chief Executive of Forum said:

"We are delighted to be announcing Cameron’s arrival at such an important stage in the development of the Company. His experience within the industry will enable him to make a valuable contribution to our management team as we continue the progress that the Company has made since admission to AIM. I would also like to thank David Thompson for the important part he played in ensuring Forum’s successful admission to AIM, and we wish him well."

Following the appointment of Cameron to the Board, the Company announces that it has granted options over 300,000 ordinary shares in the capital of the Company to Cameron, at an exercise price of £1.20 per ordinary share of 10p per share. The options were granted under the Forum Energy Share Option Plan. The options will be exercisable from 1 February 2008 and will lapse on 1 February 2016. The options are exercisable earlier in certain circumstances, as set out in the Scheme Rules.

For further information please contact:
David Robinson, Chief Executive, Forum Energy plc: +44 (0) 1932 445 346
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

Additional Information

Cameron Pearce
In accordance with Schedule 2 (g) of the AIM Rules, the following information in relation to the appointment of Cameron William Leslie Pearce (age 34) as a director of Forum is disclosed:

Current directorships and partnerships:
Peruzzi Management Solutions Ltd, Secretary

Directorships and partnerships held in the past five years:
None

Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.