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Forte Energy NL (FTE)


Thursday 10 December, 2015

Forte Energy NL

Market Update

                                                                                           Forte Energy NL
                                                                                           ACN 009 087 852

                                                                                               AIM Release
                                                                                          10 December 2015

Market update

Forte  Energy  NL  ("Forte" or "the Company") (AIM: FTE), is pleased to provide  the  following  update  to
shareholders  in relation to the discussions currently being held with several parties regarding  potential
corporate transactions and/or potential acquisitions.

The  Company advises that the negotiations are progressing well and expects to be in a position to announce
details  of  a  transaction  within  the  next  week or so.  The  corporate  transactions  currently  under
consideration  are  expected  to  result in an injection of funds to recapitalise  the  Company,  with  the
transaction  likely  to  result  in  a  change of business outside the  resources  sector  and  subject  to
shareholder approval.

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

Release  of  the  Annual Report and its distribution to shareholders is expected to occur contemporaneously
with the release of an announcement of the completed negotiations. Due to the delay in releasing the Annual
Report, the Company advises that the adjournment of the AGM for the tabling of the Annual Report is  to  be
extended,  with  the  meeting  to reconvene after the Annual Report has been released.   All  other  agenda
matters  in  the Notice of AGM were dealt with on Friday 27 November 2015 prior to the adjournment  of  the

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]

Forte Energy NL

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