RNS Number:7865S
Forum Energy Plc
12 March 2007



Forum Energy PLC

12 March 2007



                                FORUM ENERGY PLC

                                   ('Forum')



                       Development of the Galoc oil field



Forum Energy (AIM symbol: FEP), the Philippine-focussed independent oil, gas and
coal exploration and production company, notes the announcement made earlier
today by Granby Oil and Gas plc regarding the Galoc oil field development
offshore NW Palawan in the Republic of the Philippines.



Granby Oil and Gas has successfully closed the project financing for its share
of US$100 million Galoc Oil field development plan and received all the
necessary co-venturers approvals. Forum has a 2.28% carried interest in the
Galoc field.



First oil production from the field is expected in Q1 2008 at an initial rate of
15,000 bopd and the development is expected to recover up to 16mmbbls.



Forum intends to provide a full operations update to its shareholders in due
course.



For further information contact:

Forum Energy Plc:
Russell Harvey                                 Tel: +44 (0)1932 445344

Pelham Public Relations:
James Henderson                                Tel: +44 (0)20 7743 6673
                                               Mob: +44 (0)7774 444163

Charles Vivian                                 Tel: +44 (0)20 7743 6672
                                               Mob: +44 (0)7977 297903


www.forumenergyplc.com                         Ticker Symbol: FEP










                      This information is provided by RNS
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