Forte Energy NL
LSE : FTE

April 01, 2009 02:00 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
                                                                                              1 April 2009
                                                                                                            
AUSTRALIAN SECURITIES EXCHANGE PRICE QUERY
__________________________________________________________________________________

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
MANAGING DIRECTOR




*********************************************************************




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?

          No.

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.  The market knows from previous announcements that the Company is
          awaiting  assay results which will enable the calculation and announcement of a maiden JORC  code
          compliant resource estimate for its Firawa uranium prospect in Guinea, West Africa. One  possible
          explanation  (which the Company is unable to confirm or deny has any merit) for the price  change
          and  increase  in  volume in the securities of the Company may be due to speculation  as  to  the
          results of the resource calculation.


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

          Yes.


Yours sincerely





Mark Reilly
Managing Director

Contact Information

  • Forte Energy NL