CALGARY, Alberta, April 19 /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 (OTCBB: FRUEF, Frankfurt/Munich: FE8) ("Forum" or
"The Company") provides an update further to the company's announcement of
April 1st 2005.
In view of recent press comment in the UK the company wishes to confirm
that it is in talks with Sterling Energy Plc with a view to establishing a
joint venture company (subject to Forum shareholder approval) to amalgamate
the two companies' assets in the Philippines.
Sterling Energy Plc is a UK company quoted on the Alternative Investment
Market (AIM) in London under the symbol "SEY."
A further announcement will be made as appropriate.
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 (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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