Forent Energy Ltd.

Forent Energy Ltd.

December 12, 2011 07:00 ET

Forent Announces Appointment of Mr. Robert S. Crosbie to the Company's Board of Directors

CALGARY, ALBERTA--(Marketwire - Dec. 12, 2011) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce the appointment of Mr. Robert S. Crosbie to its Board of Directors.

Mr. Crosbie is a native of Newfoundland and Labrador and is the Chairman of the Board of Crosbie Group Limited, a diversified family business involved in real estate development, construction and off shore oil and gas services in Atlantic Canada. Mr. Crosbie is also the President of ASCO Canada, a business unit of ASCO Group of Aberdeen, a world-wide oil and gas logistics company. In addition, Mr. Crosbie is the Chairman of the Board of Marine Atlantic Inc. and the Dean's Advisory Board for the faculty of Business at Memorial University. Mr. Crosbie, with more than 30 years of business experience, brings to Forent an Atlantic Canadian understanding and perspective. Upon his appointment, Mr. Crosbie has been granted 250,000 share purchase options with an exercise price of $0.20 per share, which will vest over a two year period. The options are subject to a hold period of 4 months and one day from the date of grant and are subject to TSX Venture Exchange approval.

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements such as the estimates of reserves, the references to Forent's exploration program and drilling program and capital expenditures relating to, and timing of, such programs are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward- looking statements. There are uncertainties inherent in forward-looking information, including factors beyond Forent's control, and no assurance can be given that the programs will be completed on time, on budget or at all. In addition, there are numerous uncertainties inherent in estimating reserves, including many factors beyond Forent's control, and no assurance can be given that the indicated level of reserves or the recovery thereof will be realized. Forent undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in Forent's filings with Canadian securities regulators, which filings are available at

The term boe may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet equal to one barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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