Forum is pleased to announce that it has entered into a Sale & Purchase Agreement to sell its interest in the Central Cebu Coal Operating Contract 132 (“COC132”), for US$3,500,000, in cash, to First Asian Resources and Mining Corporation, a private Philippine Company.

The sale is subject to agreement by relevant regulatory authorities, including the Department of Energy of the Republic of the Philippines ("DOE").

Forum retains its interest in the Southern Cebu Coal Operating Contract (“COC131”) and the Company is currently considering a number of options to optimise the return from this interest

Further news will be released as appropriate.

Statement from Russell Harvey, CEO

"We are pleased to have agreed terms on a sale of the COC132 licence. The sale enables us to continue implementation of our plan to re-focus the business on our material asset, GSEC101.

In addition the sale will substantially improve our balance sheet and thus our shareholders will benefit from our continued non-dilutive efforts to fund the Company on an ongoing basis.

Production from our interest in the Galoc Field due to come on-stream in the first half of 2008, will further boost our cash reserves going-forward."

For further information please contact:

Andrew Mullins, Forum Energy Plc
+44 (0)1932 445 344

Nick Naylor, Noble & Company Ltd
+44 (0)20 7763 2200

Charles Vivian, Pelham Public Relations
+44 (0)20 7743 6672
+44 (0)7977 297 903

Evgeniy Chuikov, Pelham Public Relations
+44 (0)20 7743 6672
+44 (0)7894 608 606