The Board of Forum wishes to provide an interim update to its shareholders on the status of work on the SC72 Recto Bank (formerly Reed Bank) block.

The 2D and 3D seismic data acquired in 2011 has now been processed and is being interpreted by an international consultancy company, with the final report currently expected by mid 2012.

The interpretation of the 3D data aims to identify optimal drilling locations over the Sampaguita Gas Field. The interpretation of the 2D data is also ongoing and aims to identify new prospects outside the Sampaguita Gas Field and potentially to elevate known leads to prospect status.

The Group's results for the year ended 31st December 2011 are currently scheduled for publication in late February 2012, and will include a commentary on all of the Group's operations.

Tags: Forum Energy