CALGARY, Alberta, April 1 /PRNewswire-FirstCall/ -- The following was
released on behalf of the Board of Forum Energy Corporation, by David R.
Robinson, President and CEO:
FORUM ENERGY CORPORATION (OTC Bulletin Board: FRUEF, Frankfurt/Munich:
FE8) ("Forum" or "The Company") is pleased to provide an update further to the
company's announcement of February 9th 2005:
Significant progress has been made with regard to Forum's agreement with a
major UK based Oil & Gas Company. Whilst still confidential at this stage, the
company can advise the legal process is still progressing, and that the
necessary due diligence and valuations are currently being effected.
The company is anticipating a successful conclusion to this agreement and
expects to be in a position to release more detailed information in the near
future.
On behalf of the Board of,
FORUM ENERGY CORPORATION
"David R. Robinson"
President & CEO
This release contains "forward looking statements" as per Section 21E of
the US Securities and Exchange Act of 1934, as amended. Although the Company
believes that the expectations reflected in such forward looking statements
are reasonable, it can give no assurance that such expectations will prove to
have been correct. Management is currently reviewing many options and there is
no assurance that they will not make decisions other than those now
contemplated. The Company is subject to political risks and operational risks
identified in documents filed with the Securities and Exchange Commission,
including changing and depressed oil prices, unsuccessful drilling results,
change of government and political unrest in its main area of operations.
For more information please contact David Robinson at +1-403-290-1676
e-mail enquiries@forumenergy.com or visit the Forum Energy website at
http://www.forumenergy.com.
SOURCE Forum Energy Corporation
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Related links:
http://www.forumenergy.com
CONTACT:
David Robinson of Forum Energy Corporation,
+1-403-290-1676, or enquiries@forumenergy.com
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