25th Feb 2010 09:32
Forum Energy Plc ("Forum Energy" or the "Company")
Notifiable Interests
The board of Forum Energy received notification on 24 February 2010 that, on 18 February 2010, Philex Petroleum Corporation ("PPC"), a wholly owned subsidiary of Philex Mining Corporation ("Philex"), acquired 786,259 ordinary shares of 10p each in the Company, representing an interest of 2.38% in the issued share capital the Company, taking its total interest to 39.14% in the issued share capital the Company.
In addition, Philex already holds a further interest of 25.84% in the issued share capital the Company, through Philex's 51% subsidiary FEC Resources Inc.
Therefore the Philex group's total interest now stands at 64.98% in the issued share capital of the Company.
For further information please contact:
|
Andrew Mullins |
Tel: +44 (0)1932 445 344 |
|
Forum Energy Plc, Executive Director |
|
|
Harry Stockdale |
Tel: +44 (0)207 456 9191 |
|
Execution Noble & Company Limited |
Or visit the Company's website:
www.forumenergyplc.com
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