Forte Energy NL
LSE : FTE

November 02, 2012 11:50 ET

Issue of Equity

+ See chapter 19 for defined terms.

01/08/2012                                                                           Appendix 3B Page 1
                                                                                        Forte Energy NL
                                                                                                       
                                                                                        ACN 009 087 852
                                                                                                      
                                                                                                      
                                                                                   ASX and AIM Release
                                                                                       2 November 2012

Appendix 3B & Cleansing Notice - Finalisation of Placement

Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE)

Attached is an Appendix 3B for the allotment of 3,900,000 fully paid ordinary shares in the Company and
the grant of 1,950,000 unlisted options in accordance with the placement announced 6 June 2012.

The  issue of these equities finalises the placement which shareholders approved at the general meeting
held  2  August 2012. Under the placement a total of 177,305,000 shares and 88,642,500 unlisted options
were issued, raising more than £2.2 million (A$3.4 million) before expenses.

The 88,652,500 attaching options granted under the placement are exercisable at 3 pence per share on or
before  3  August  2013.  One option was granted for each two shares issued under  the  placement.  The
options  will  not be admitted to trading on either AIM or ASX. The shares and options were  issued  to
various institutional investors in North America, the United Kingdom, Asia and Australia.

Forte Energy hereby notifies ASX (as the operator of the prescribed financial market on which the Forte
Energy ordinary shares are quoted) under section 708A(5)(e) of the Corporations Act 2001 ("Act") that:

1.        the Company issued the shares without disclosure to investors under Part 6D.2 of the Act;
2.        at the date of this notice:
         (a)       the Company has complied with the provisions of Chapter 2M of the Act as they apply to the
                   Company; and
         (b)       the Company has complied with section 674 of the Act; and
3.        at the date of this notice there is no excluded information (as that expression is defined in
          sub-sections 708A(7) and 708A(8) of the Act) in relation to the Company.

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





Murray Wylie
Company Secretary




For further information contact:


Mark Reilly, Managing Director
Forte Energy NL                                   Tel: +44 (0) 203 3849555

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

Geoff Nash/Ben Thompson                           Tel: +44 (0)207 220 0550
Elizabeth Johnson (broking)
finnCap

Bobby Morse/Cornelia Browne/Louise Hadcocks
Buchanan                                          Tel: +44 (0) 207 466 5000



Forte Energy NL

Australia                                         United Kingdom

Suite 3, Level 3                                  3C Princes House
1292 Hay Street                                   38 Jermyn Street
West Perth WA 6005                                London SW1Y6DN
Ph: +61 (0)8 9322 4071                            Ph: +44 (0)203 3847474
Fax: +61 (0)8 9322 4073                           Fax: +44 (0)207 2878387
Email: info@forteenergy.com.au                    Email: info@forteenergy.co.uk
Web: www.forteenergy.com.au
                                                                                                       
                                                                                                       
                                                                                                       
                                                                       Rule 2.7, 3.10.3, 3.10.4, 3.10.5
                                              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  01/07/96   Origin:  Appendix 5  Amended 01/07/98, 01/09/99, 01/07/00,  30/09/01,  11/03/02,
          01/01/03, 24/10/05, 01/08/12


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       A)        Fully paid ordinary shares
       to be issued                             
                                                B)        Unlisted options over unissued shares
                                            
 2     Number   of +securities issued  or       A)        3,900,000
       to   be   issued  (if  known)   or       
       maximum   number  which   may   be       B)        1,950,000
       issued
       
                                            
 3     Principal     terms     of     the       A)        Fully paid ordinary shares
       +securities   (eg,   if   options,       
       exercise  price and  expiry  date;       B)        Unlisted options exercisable at 3 pence
       if  partly  paid +securities,  the                 on or before 3 August 2013
       amount  outstanding and due  dates
       for   payment;   if   +convertible
       securities,  the conversion  price
       and dates for conversion)
                                            
 
 
 4     Do  the  +securities rank  equally       A) Yes
       in  all respects from the date  of       
       allotment with an existing  +class       B) No - Unlisted options
       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)        1.25 pence per share
                                                
                                                B)         One free option for each two shares
                                                      issued under placement
                                            
 6     Purpose of the issue                 Working capital
       (If  issued  as consideration  for
       the    acquisition   of    assets,
       clearly identify those assets)
       
       
       
       
       
       
                                            
 6a    Is  the entity an +eligible entity   No
       that  has obtained security holder
       approval under rule 7.1A?
       
       If  Yes, complete sections 6b - 6h
       in  relation  to  the  +securities
       the  subject of this Appendix  3B,
       and comply with section 6i
                                            
 6b    The   date  the  security   holder   Not applicable
       resolution  under  rule  7.1A  was
       passed
                                            
 6c    Number   of   +securities   issued   Not applicable
       without  security holder  approval
       under rule 7.1
                                            
 6d    Number of +securities issued  with   Not applicable
       security  holder  approval   under
       rule 7.1A
                                            
 6e    Number of +securities issued  with   Not applicable
       security  holder  approval   under
       rule   7.3,  or  another  specific
       security  holder approval (specify
       date of meeting)
       
                                            
 6f    Number of securities issued  under   Not applicable
       an exception in rule 7.2
                                            
 6g    If  securities issued  under  rule   Not applicable
       7.1A,  was  issue price  at  least
       75%  of  15 day VWAP as calculated
       under  rule  7.1A.3?  Include  the
       issue   date   and  both   values.
       Include  the  source of  the  VWAP
       calculation.
                                            
 6h    If  securities were  issued  under   Not applicable
       rule     7.1A     for     non-cash
       consideration,   state   date   on
       which  valuation of  consideration
       was   released   to   ASX   Market
       Announcements
                                            
 6i    Calculate  the entity's  remaining   Not applicable
       issue capacity under rule 7.1  and
       rule  7.1A  - complete Annexure  1
       and    release   to   ASX   Market
       Announcements
                                            
 7      Dates   of  entering  +securities   2 November 2012
        into  uncertificated holdings  or
        despatch of certificates
        
        
                                            
                                            Number                    +Class
 8      Number   and   +class   of    all   872,894,311               Ordinary Shares
        +securities   quoted    on    ASX
        (including   the  securities   in
        section 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
        (including   the  securities   in                             1 cent
        section 2 if applicable)                                      
                                            4,000,000                 Unquoted options
                                                                      exercisable at A$0.125
                                                                      on or before 14 April
                                                                      2015
                                                                      
                                            1,000,000                 Unquoted options
                                                                      exercisable at 6 pence
                                                                      on or before 1 September
                                                                      2016
                                                                      
                                            4,500,000                 Unquoted options
                                                                      exercisable at A$0.20 on
                                                                      or before 24 December
                                                                      2012
                                                                      
                                            88,652,500                Unquoted options
                                                                      exercisable at 3 pence
                                                                      on or before 3 August
                                                                      2013
                                                                      
                                            
 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   Not applicable
        required?
        
                                             
 12     Is  the issue renounceable or non-   Not applicable
        renounceable?
                                             
 13     Ratio  in  which  the  +securities   Not applicable
        will be offered
                                             
 14     +Class of +securities to which the   Not applicable
        offer relates
                                             
 15     +Record    date    to    determine   Not applicable
        entitlements                         
                                             
 16     Will    holdings   on    different   Not applicable
        registers  (or  subregisters)   be
        aggregated     for     calculating
        entitlements?
                                             
 17     Policy  for  deciding entitlements   Not applicable
        in relation to fractions
        
                                             
 18     Names  of  countries in which  the   Not applicable
        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   Not applicable
        acceptances or renunciations
        

                                             
 20     Names of any underwriters            Not applicable
        
        
                                             
 21     Amount of any underwriting fee  or   Not applicable
        commission
                                             
 22     Names of any brokers to the issue    Not applicable
        
        
                                             
 23     Fee  or commission payable to  the   Not applicable
        broker to the issue
                                             
 24     Amount of any handling fee payable   Not applicable
        to  brokers  who lodge acceptances
        or   renunciations  on  behalf  of
        +security holders
                                             
 25     If  the  issue  is  contingent  on   Not applicable
        +security  holders' approval,  the
        date of the meeting
                                             
 26     Date  entitlement  and  acceptance   Not applicable
        form  and  prospectus  or  Product
        Disclosure Statement will be  sent
        to persons entitled
                                             
 27     If  the entity has issued options,   Not applicable
        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   Not applicable
        applicable)
                                             
 29     Date  rights trading will end  (if   Not applicable
        applicable)
        
        
                                             
 30     How   do  +security  holders  sell   Not applicable
        their entitlements in full through
        a broker?
                                             
 31     How do +security holders sell part   Not applicable
        of  their  entitlements through  a
        broker and accept for the balance?
                                             

 32     How  do  +security holders dispose   Not applicable
        of  their entitlements (except  by
        sale through a broker)?
                                             
 33     +Despatch date                       Not applicable
        
        


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)    X     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                                           2
                        
37            A copy of any trust deed for the additional +securities


Entities that have ticked box 34(b)

38      Number  of  securities  for   which  Not applicable
        +quotation is sought
        
                                             
39      Class   of  +securities  for  which  Not applicable
        quotation is sought
        
                                             
40      Do  the +securities rank equally in  Not applicable
        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  Not applicable
        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  Not applicable             
        +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: .....2  /  11  /2012........
                    (Company Secretary)


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

                                            == == == == ==
                                                   
                                                   
                                       Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities
Introduced 01/08/12

Part 1

                           Rule 7.1 - Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid ordinary securities  Not applicable
on issue 12 months before date of issue or
agreement to issue
Add the following:                                         
*  Number of fully paid ordinary securities
   issued in that 12 month period under an
   exception in rule 7.2
*  Number of fully paid ordinary securities
   issued in that 12 month period with
   shareholder approval
*  Number of partly paid ordinary securities
   that became fully paid in that 12 month
   period
Note:
*  Include only ordinary securities here -
   other classes of equity securities cannot
   be added
*  Include here (if applicable) the securities
   the subject of the Appendix 3B to which
   this form is annexed
*  It may be useful to set out issues of
   securities on different dates as separate
   line items
Subtract the number of fully paid ordinary       
securities cancelled during that 12 month
period
"A"                                              

Step 2: Calculate 15% of "A"
"B"                                              0.15
                                                 [Note: this value cannot be changed]
Multiply "A" by 0.15                             
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used
Insert number of equity securities issued or     
agreed to be issued in that 12 month period not
counting those issued:
*  Under an exception in rule 7.2
*  Under rule 7.1A
*  With security holder approval under rule
   7.1 or rule 7.4
Note:
*  This applies to equity securities, unless
   specifically excluded - not just ordinary
   securities
*  Include here (if applicable ) the
   securities the subject of the Appendix 3B
   to which this form is annexed
*  It may be useful to set out issues of
   securities on different dates as separate
   line items
"C"                                              
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1
"A" x 0.15                                                 
Note: number must be same as shown in Step 2
Subtract "C"                                               
Note: number must be same as shown in Step 3
Total ["A" x 0.15] - "C"                         
                                                 [Note: this is the remaining placement capacity
                                                 under rule 7.1]

Part 2

                 Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A"                                                        Not applicable
Note: number must be same as shown in Step 1 of
Part 1
Step 2: Calculate 10% of "A"
"D"                                              0.10
                                                 Note: this value cannot be changed
Multiply "A" by 0.10                             
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been
used
Insert number of equity securities issued or     
agreed to be issued in that 12 month period
under rule 7.1A
Notes:
*  This applies to equity securities - not
   just ordinary securities
*  Include here - if applicable - the
   securities the subject of the Appendix 3B
   to which this form is annexed
*  Do not include equity securities issued
   under rule 7.1 (they must be dealt with in
   Part 1), or for which specific security
   holder approval has been obtained
*  It may be useful to set out issues of
   securities on different dates as separate
   line items
"E"                                              

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A
"A" x 0.10                                                 
Note: number must be same as shown in Step 2
Subtract "E"                                               
Note: number must be same as shown in Step 3
Total ["A" x 0.10] - "E"                         
                                                 Note: this is the remaining placement capacity
                                                 under rule 7.1A



Contact Information

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