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LATEST RNS ANNOUNCEMENT
October 30 2014
Trading Update
Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, notes the announcement being made by Philex Petroleum Corporation ("Philex") to the Philippines Stock Exchange today in relation to its financial performance for the nine months ended 30 September 2014.
Because Philex controls approximately 60.5% of Forum Energy (including through FEC Resources Inc), this trading update includes a reference to Forum Energy's revenues.
Accordingly, Forum Energy confirms its unaudited revenues for the 9 months to 30 September 2014 were US$6.1 Million (2013: US$3.4 Million) up 79% year on year, mainly due to the start of production at Phase 2 of the Galoc oil field (SC-14C).
For further information please contact:
Forum Energy Plc
Andrew Mullins, Tel: +44 (0) 208 616 7297
Executive Director
Execution Noble & Company, trading as Espirito Santo Investment Bank (Nominated adviser)
Harry Stockdale Tel: +44 (0) 207 456 9191
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Forum Energy Plc
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CODE : FEP.L |
ISIN : GB00B07C1T48 |
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Forum Energy is a producing company based in United kingdom. Forum Energy is listed in United Kingdom and in United States of America. Its market capitalisation is GBX 533.3 millions as of today (US$ 837.0 millions, € 748.3 millions). Its stock quote reached its highest recent level on March 12, 2010 at GBX 99.75, and its lowest recent point on June 23, 2015 at GBX 15.00. Forum Energy has 35 550 000 shares outstanding. |