Forte Energy NL
LSE : FTE

December 29, 2009 02:00 ET

Grant and Exercise of Options

                                                                                     FORTE ENERGY NL
                                                                                     ACN 009 087 852
                                                                                  ASX/AIM CODE: FTE,
                                                      Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                                      
                                                                                                      
                                                                                   ASX and AIM Release
                                                                                    29 December 2009

Appendix 3B - Exercise and Grant of Options

Forte Energy NL ("Forte Energy" or "The Company") (ASX: FTE, AIM: FTE)
Attached  is an Appendix 3B advising details of the grant of 6,000,000 unlisted directors'  options  in
accordance  with Shareholder approvals obtained at the Company's AGM on 26 November 2009. The  Appendix
3B  also provides details of the issue of 4,000,000 fully paid ordinary shares in the Company following
the exercise of unlisted consultants' options. The securities have now been issued.


Application has also been made to the AIM market of the London Stock Exchange ('AIM') for admission to
trading of these ordinary shares.







Murray Wylie
Company Secretary





For further information contact:

Mark Reilly, Managing Director
Forte Energy N.L.                Tel: +61 (0) 8 9322 4071

Alastair Stratton/Tim Graham
Matrix Corporate Capital LLP     Tel: +44 (0) 203 206 7000

Conduit PR
Jos Simson/Emily Fenton          Tel: +44 (0) 207 429 6603

Stuart Laing
RFC Corporate Finance Ltd        Tel: +61 (0) 8 9480 2506
(AIM Nominated Adviser to the Company)


                                                                                             Appendix 3B
                                                                                 New issue announcement
                                                   
                                              Appendix 3B
                                                   
                                        New issue announcement,
                          application for quotation of additional securities
                                             and agreement

Information or documents not available now must be given to ASX as soon as available.  Information and
documents given to ASX become ASX's property and may be made public.
Introduced  1/7/96.   Origin:  Appendix  5.   Amended 1/7/98, 1/9/99, 1/7/2000,  30/9/2001,  11/3/2002,
          1/1/2003, 24/10/2005.


Name of entity
Forte Energy NL

ABN
59 009 087 852

We (the entity) give ASX the following information.


Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).

 1    +Class of +securities issued or  to       A) Unlisted options over unissued shares
      be issued                                 
                                                B) Fully paid ordinary shares
                                            
 2    Number  of +securities issued or to       A)      6,000,000
      be  issued  (if known)  or  maximum       
      number which may be issued                B)      4,000,000
      
                                            
 3    Principal  terms of the +securities       A)      Unlisted options exercisable at A$0.20 on
      (eg, if options, exercise price and               or before 24 December 2012
      expiry   date;   if   partly   paid       
      +securities, the amount outstanding       B)      Fully paid ordinary shares
      and  due  dates  for  payment;   if
      +convertible    securities,     the
      conversion  price  and  dates   for
      conversion)
                                            
                                            
 4    Do  the +securities rank equally in       A) No - Unlisted options
      all  respects  from  the  date   of       
      allotment  with an existing  +class       B) Yes
      of quoted +securities?
      
      If the additional securities do not
      rank equally, please state:
      *        the  date from which  they
         do
      *        the  extent to which  they
         participate for the next dividend,
         (in   the   case  of  a   trust,
         distribution) or interest payment
      *        the  extent to which  they
         do not rank equally, other than in
         relation  to the next  dividend,
         distribution or interest payment
                                            
 5    Issue price or consideration              A) Nil
                                                
                                                B) 7.5 cents per share
                                            
 6    Purpose of the issue                      A) Granted to directors of the Company.
      (If issued as consideration for the       
      acquisition   of  assets,   clearly       B) Conversion of options
      identify those assets)
      
      
      
                                           
 7      Dates   of  entering  +securities        A)  29 December  2009
        into  uncertificated holdings  or        
        despatch of certificates                 B)  29 December  2009
        
        
                                            
                                            Number                    +Class
 8      Number   and   +class   of    all   571,158,031               Ordinary Shares
        +securities   quoted    on    ASX
        (including   the  securities   in
        clause 2 if applicable)
        
        
        


                                            Number                    +Class
 9      Number   and   +class   of    all   2,250,000                 25 cent partly paid
        +securities  not  quoted  on  ASX                             ordinary shares paid to 1
        (including   the  securities   in                             cent
        clause 2 if applicable)                                       
                                            7,500,000                 Unquoted options
                                                                      exercisable at A$0.055 on
                                                                      or before 19 May 2010
                                                                      
                                            2,000,000                 Unquoted options
                                                                      exercisable at A$0.055 on
                                                                      or before 29 November 2010
                                                                      
                                            2,000,000                 Unquoted options
                                                                      exercisable at A$0.075 on
                                                                      or before 3 May 2010
                                                                      
                                            5,000,000                 Unquoted options
                                                                      exercisable at A$0.11 on
                                                                      or before the 21st
                                                                      December 2012
                                                                      
                                            3,000,000                 Unquoted options
                                                                      exercisable at A$0.10 on
                                                                      or before 26 November 2013
                                                                      
                                            6,000,000                 Unquoted options
                                                                      exercisable at A$0.20 on
                                                                      or before 24 December 2012
                                            
                                            
                                            
 10     Dividend policy (in the case of a   Not applicable
        trust,  distribution  policy)  on
        the increased capital (interests)


Part 2 -  Bonus issue or pro rata issue

 11     Is    security   holder   approval   
        required?
        
                                             
 12     Is  the issue renounceable or non-   
        renounceable?
                                             
 13     Ratio  in  which  the  +securities   
        will be offered
                                             
 14     +Class of +securities to which the   
        offer relates
                                             
 15     +Record    date    to    determine   
        entitlements                         
                                             
 16     Will    holdings   on    different   
        registers  (or  subregisters)   be
        aggregated     for     calculating
        entitlements?
                                             
 17     Policy  for  deciding entitlements   
        in relation to fractions
        
                                             
 18     Names  of  countries in which  the   
        entity  has +security holders  who
        will   not   be  sent  new   issue
        documents
        Note:  Security  holders  must  be
        told how their entitlements are to
        be dealt with.
        Cross reference: rule 7.7.
                                             
 19     Closing   date  for   receipt   of   
        acceptances or renunciations

                                             
 20     Names of any underwriters            
        
        
                                             
 21     Amount of any underwriting fee  or   
        commission
                                             
 22     Names of any brokers to the issue    
        
        
                                             
 23     Fee  or commission payable to  the   
        broker to the issue
                                             
 24     Amount of any handling fee payable   
        to  brokers  who lodge acceptances
        or   renunciations  on  behalf  of
        +security holders
                                             
 25     If  the  issue  is  contingent  on   
        +security  holders' approval,  the
        date of the meeting
                                             
 26     Date  entitlement  and  acceptance   
        form  and  prospectus  or  Product
        Disclosure Statement will be  sent
        to persons entitled
                                             
 27     If  the entity has issued options,   
        and   the  terms  entitle   option
        holders    to    participate    on
        exercise,   the  date   on   which
        notices  will  be sent  to  option
        holders
                                             
 28     Date rights trading will begin (if   
        applicable)
                                             
 29     Date  rights trading will end  (if   
        applicable)
        
        
                                             
 30     How   do  +security  holders  sell   
        their entitlements in full through
        a broker?
                                             
 31     How do +security holders sell part   
        of  their  entitlements through  a
        broker and accept for the balance?
                                             


 32     How  do  +security holders dispose   
        of  their entitlements (except  by
        sale through a broker)?
                                             
 33     +Despatch date                       
        
        


Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities

 34     Type of securities
        (tick one)
        
 (a)          Securities described in Part 1
              

 (b)          All other securities
               Example:  restricted  securities at the end of the  escrowed  period,  partly  paid
              securities  that  become  fully  paid,  employee  incentive  share  securities  when
              restriction   ends,  securities  issued  on  expiry  or  conversion  of  convertible
              securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities


Tick   to   indicate   you  are   providing   the              
information or documents


35            If  the  +securities are +equity securities, the names of the 20 largest holders  of
              the  additional +securities, and the number and percentage of additional +securities
              held by those holders
                        
36      X     If   the  +securities  are  +equity  securities,  a  distribution  schedule  of  the
              additional +securities setting out the number of holders in the categories
              1 - 1,000
              1,001 - 5,000
              5,001 - 10,000
              10,001 - 100,000
              100,001 and over                                                1
                        
37            A copy of any trust deed for the additional +securities


Entities that have ticked box 34(b)

38      Number  of  securities  for   which  
        +quotation is sought
        
                                             
39      Class   of  +securities  for  which  
        quotation is sought
        
                                             
40      Do  the +securities rank equally in  
        all  respects  from  the  date   of
        allotment  with an existing  +class
        of quoted +securities?
        
        If the additional securities do not
        rank equally, please state:
        *        the  date from which  they
           do
        *        the  extent to which  they
           participate for the next dividend,
           (in   the   case  of  a   trust,
           distribution) or interest payment
        *        the  extent to which  they
           do not rank equally, other than in
           relation  to the next  dividend,
           distribution or interest payment
                                             
41      Reason  for  request for  quotation  
        now
        Example:  In the case of restricted
        securities,   end  of   restriction
        period
        
        (if   issued  upon  conversion   of
        another  security, clearly identify
        that other security)

                                             
                                             Number                     +Class
42      Number    and   +class    of    all                             
        +securities    quoted    on     ASX
        (including the securities in clause
        38)
        
        
        



Quotation agreement

1       +Quotation  of our additional +securities is in ASX's absolute discretion.  ASX may  quote  the
        +securities on any conditions it decides.

2       We warrant the following to ASX.

                The  issue  of  the +securities to be quoted complies with the law and is  not  for  an
                 illegal purpose.

                There is no reason why those +securities should not be granted +quotation.

                An  offer  of  the  +securities for sale within 12 months after their  issue  will  not
                 require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
                Note:  An  entity  may need to obtain appropriate warranties from subscribers  for  the
                securities in order to be able to give this warranty

                Section  724  or  section  1016E  of  the  Corporations  Act  does  not  apply  to  any
                 applications received by us in relation to any +securities to be quoted and  that  no-
                 one  has any right to return any +securities to be quoted under sections 737,  738  or
                 1016F  of  the  Corporations Act at the time that we request that the  +securities  be
                 quoted.
        
                If  we  are  a trust, we warrant that no person has the right to return the +securities
                 to  be  quoted under section 1019B of the Corporations Act at the time that we request
                 that the +securities be quoted.

3       We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or
        expense arising from or connected with any breach of the warranties in this agreement.

4       We  give  ASX  the  information and documents required by this form.   If  any  information  or
        document  not  available now, will give it to ASX before +quotation of the +securities  begins.
        We  acknowledge that ASX is relying on the information and documents.  We warrant that they are
        (will be) true and complete.





Sign here:        .......................         Date:....29/12/2009...................

                  (Company Secretary)


Print name:       M R Wylie.........................................................

                                            == == == == ==


+ See chapter 19 for defined terms.

24/10/2005Appendix 3B Page 10

Contact Information

  • Forte Energy NL