FORUM ENERGY

Forum Energy Plc
21 December 2006

21 December 2006

Forum Energy Plc ('Forum' or the 'Company')

LTIP vesting of options



The Company announces that yesterday the Board approved the issue of 81,500
ordinary shares to the trustees of the Forum Energy plc Employee Benefit Trust
('the EBT'). This represents the first tranche due to the EBT under the terms
of the LTIP, details of which were announced on 18 September 2006.



On 28 September 2006 the trustees of the EBT served a notice of exercise in
respect of 81,500 ordinary shares of 10p each in the capital of the Company,
representing 0.29% of the issued share capital of the Company pursuant to an
option ('the Option') granted to them on 14 September 2006. This Option was
granted in order to satisfy a reversionary interest award ('the Award') granted
to Russell Harvey on the attainment of the share price reaching £1.25. The
Option became exercisable on 28 September 2006 and on the same date the Award
vested absolutely.



Application has been made for these shares to be admitted for trading on AIM on
29 December 2006.




For further information please contact:



Forum Energy Plc:
Russell Harvey Tel: +44 (0)1932 445 344



Noble & Company Ltd:
Adam Westcott Tel: +44 (0)20 7763 2200



Pelham Public Relations:

James Henderson Tel: +44 (0)20 7743 6673
Mob: +44 (0)7774 444163

Charles Vivian Tel: +44 (0)20 7743 6672
Mob: +44 (0)7977 297903