Appointment of Chief Executive

14th Nov 2008 11:45



14 November 2008

Forum Energy Plc

("Forum Energy" or the "Company")

Appointment of Chief Executive Officer

Forum Energy is delighted to announce the appointment of Dr. Walter William Brown as Chief Executive Officer of the Company with immediate effect. Dr. Brown takes over from Alan Henderson, who has been acting Chief Executive Officer since June 2008 and who will continue in his role as Chairman of the Company.

Dr. Brown has extensive experience in both the mining and oil exploration and production industries in the Philippines. He has several academic qualifications including two undergraduate degrees: B.S. Physical Science (1959), B.S. Geology (1960), from the University of the Philippines, Manila; and post graduate degrees from Stanford University: M.S. Economic Geology (1963), Ph. D in Geology, Major in Geochemistry (1965). He has been associated with a number of companies in this industry including Dominion Asia Equities, Inc. (Belle Corp), Palawan Oil & Gas Exploration (Vantage Equities), 7 Seas Oil Company, Inc. (Abacus), Universal Petroleum (Universal Rightfield) and was previously Technical Director of Dragon Oil Plc, listed on the London Stock Exchange.

Since January 2004, Dr. Brown has been Chairman and Chief Executive Officer of Philex Mining Corporation, a company that, through its subsidiaries Philex Petroleum Corporation and FEC Resources, Inc, has an interest in 18,483,511 ordinary shares of Forum Energy, representing 61.44% of the issued share capital of the Company.

For further information please contact: 

Forum Energy Plc:
Andrew Mullins	Tel: +44 (0)1932 445344
Executive Director Company Secretary
Noble & Company Ltd: (Nominated adviser)
James Bromhead/Brian Stockbridge	Tel: +44 (0)207 763 2200
Pelham Public Relations:
James Henderson	Tel: +44 (0)20 7743 6674
Evgeniy Chuikov

Or visit Forum's website:

www.forumenergyplc.com

In accordance with Schedule 2(g) of the AIM Rules, the following information in relation to the appointment of Walter Brown (aged 69) as a director of Forum Energy is disclosed:

Current directorships:

A Brown Chemical Corporation A. Brown Company, Inc. A. Brown Energy & Resources Development Corporation Alexandra Condominium Corporation Allied Brown Chemicals, Inc. Andalusite Corporation Andaman Corporation Andesite Corporation Andradite Corporation Andrea North Condominium Corporation Angelian Corporation Angelus Agri. Corporation Another Brown Co Inc Antonia Center Asia Pacific Demographics Foundation Inc Bendana Brown Holdings Corporation Bonsai Agri. Corp Bonsai Holdings Corporation Brown Direct Sales Corporation Brown Resources Corporation C. R. C. Property Holdings Inc Casa Miguel Condominium Corporation Condominium Corporation Contech Products South Corporation Corporate Investments Phils Inc Direct Sales Phils Inc East Pacific Investors Corporation Ent. Holdings Corporation Families for Family International Foundation Inc FEC Resources, Inc. Geoex Farms Inc Global Brands Products Inc Green Mountain Realty Corporation Hidden Sea Aqua Farms Inc Higala Foundation Inc IEB Currencies Inc ISM Communications Corporation Ivy League Square Condominium Corporation Johan Holdings Corporation Le Cheval Holdings Inc Lunocan Agri. Corporation Manresa Golf & Country Club Inc Masinloc Consolidated Power Inc. Migma Corporation Monte Oro Resources & Energy, Inc. Nakeen Corporation National Grid Corp. of the Philippines Nicolo Corporation Norphil Properties Inc North Kitanglad Agri. Corporation NorthMin Mining Development Corporation Ortigas Pasig Business Club Inc Osmium Holdings Corporation Osprey Holdings Corporation P.B.J. Foods Inc Pacesetter Property Marketing Corporation Pampamilyang Paaralan ng Agricultura Inc Pauline Farms Inc PBJ Corporation PetroEnergy Resources Corporation Phil Options Market Inc Philex Gold Inc. Philex Mining Corporation Philex Petroleum Corporation Philippine Realty & Holdings Corporation Philodrill Corporation Pine Mountain Properties Corporation Productivity Center for Asia Retail International Corporation Riverview Famil Inns Inc Riverview Holdings Corporation Roadside Shops Inc Semirara Mining Corporation Shellac Holdings Corporation Shellac Holdings Inc Shellac Petrol Corporation Stancom Inc Tektite Insurance Brokers Inc Terra Asia Pacific Development Managers Inc Union Bank (International Exchange Bank) Universal Rightfield Property Holdings Inc Victorsons Trans Cargo Corporation WAPCO Management Corporation Xanadu Holdings Inc Xavier Sports & Country Club Inc

Directorships held in the past five years:

South Bank (formerly KagayAnon Rural Bank)

Union Bank (formerly International Exchange Bank)

Receivership:

On 12 December 2002, Philippine Realty & Holdings Corporation, a company that develops and sells residential / office condominium projects and, to a limited extent, leases commercial and office spaces, was placed into receivership.

Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.

ENDBOABBBDBUDBGGIS

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