Forum Energy Announces SC72 Licence Extension

Source: www.gulfoilandgas.com 1/25/2013, Location: Asia

Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, confirms that the Philippine Department of Energy has granted the Company's request for an extension to the second sub-phase of Service Contract 72 ("SC72").

The deadline for completion of the second sub-phase, comprising the drilling of two appraisal wells, has now been extended by two years to 14 August 2015.

Further details regarding the Company's plans for SC72 will be made in due course, as and when appropriate.


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