Forte Energy NL
AIM : FTE

November 26, 2015 02:00 ET

Market Update

                                                                                           Forte Energy NL
                                                                                           ACN 009 087 852
                                                                                                          
                                                                                               AIM Release
                                                                                          26 November 2015

Market update

Forte  Energy  NL ("Forte" or "the Company") (AIM: FTE), is pleased to advise shareholders that  it  is  in
advanced  discussions with a number of parties regarding potential corporate transactions and/or  potential
acquisitions.

Management  has  taken  steps  to reduce overheads and outgoings to a minimal level  whilst  reviewing  its
operations  and  seeking  suitable  potential acquisitions or corporate transactions.  Notwithstanding  the
above,  it  is  clear  that the Company will require an injection of funds and the  corporate  transactions
currently  under consideration are expected to address funding requirements and enable recapitalisation  of
the Company.

Shareholders should be aware that there is no certainty of such discussions and negotiations leading  to  a
transaction  being  concluded. The Company looks forward in the near term to advising shareholders  of  any
developments.

Management  is finalising the annual financial report with the Company's auditors and advises that  release
of  the  Annual Report and its distribution to shareholders is imminent. Due to the delay in releasing  the
Annual Report, it is likely that the tabling of the Annual Report at tomorrow's AGM will be adjourned until
after  the  Annual Report has been dispatched and shareholders have had sufficient opportunity to  consider
before  it  is  tabled  at the AGM.  All other agenda matters in the Notice of AGM will  be  considered  at
tomorrow's AGM.



For further information contact:

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

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)


Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: info@forteenergy.com.au
Web: www.forteenergy.com.au

Contact Information

  • Forte Energy NL