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: [email protected]
Web: www.forteenergy.com.au
Forte Energy NL