Forte Energy NL

September 24, 2009 05:22 ET

Response to ASX Price Query

                                                                                         FORTE ENERGY NL
                                                                                         ACN 009 087 852
                                                                         ASX CODE:  FTE,  AIM CODE: FTE,
                                                          Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                               AIM Release
                                                                                         24 September 2009

Forte Energy NL ("Forte Energy" or "The Company") (ASX:FTE, AIM:FTE) today received a price query from  the
Australian Securities Exchange.

The  query "noted a change in the price of the Company's securities from $0.055 on 23 March 2009  to  $0.11
today. We have also noted an increase in the volume of trading in the securities over this period".

Attached is Forte Energy's reply released on the Australian Securities Exchange.

For further information please contact:

Mark Reilly

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/Ed Portman                   Tel: +44 (0) 207 429 6603

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


1 April 2009

Mr Nicholas Ong
Principal Advisor, Issuers
Australian Securities Exchange
2 The Esplanade
PERTH  WA  6000

By Facsimile:   (08) 9221 2020

Dear Nicholas,

                                        RESPONSE TO ASX PRICE QUERY

The Company advises the following in response to your query today:

1.        Is  the  Company  aware of any information concerning it that has not been  announced  which,  if
          known, could be an explanation for recent trading in the securities of the Company?


2.        If  the answer to question 1 is yes, can an announcement be made immediately? If not, why not and
          when is it expected that an announcement will be made?

          Not applicable.

3.        Is  there  any other explanation that the Company may have for the price change and  increase  in
          volume in the securities of the Company?

          The Company has no explanation. Possible explanations (which the Company is unable to confirm  or
          deny have any merit) for the price change and increase in volume in the securities of the Company
          are  increased investor interest and corporate activity in the uranium sector, promotion  of  the
          Company  and its uranium projects to institutional investors in the United States and the  United
          Kingdom  and the Company's securities also trade on AIM and at times at prices higher  than  that
          traded on ASX.

4.        Please  confirm  that  the Company is in compliance with the listing rules  and,  in  particular,
          listing rule 3.1.


Yours sincerely

Mark Reilly
Managing Director

Contact Information

  • Forte Energy NL