FORUM ENERGY LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-01.

Figures converted to GBP from US$ at 0.748 per US$ (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +50.7%

  £300,792 → £453,422

• Net assets

  -0.2%

  £16,108,001 → £16,076,001

• Employees

  —

  Not reported

• Operating profit

  +12.5%

  -£50,437 → -£44,146

• Profit before tax

  +35.4%

  -£49,501 → -£32,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. FORUM ENERGY LIMITED 2015-07-15 → present
2. FORUM ENERGY PLC 2005-05-20 → 2015-07-15
3. STERLING PHILIPPINES PLC 2005-04-01 → 2005-05-20

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. FORUM ENERGY LIMITED · parent
   1. Forum Energy Philippines Corporation 100% · Philippines · exploration and development of oil and gas assets
   2. Forum (GSEC 101) Limited 100% · Jersey · oil and gas exploration and production
   3. Forum Exploration, Inc. 66.67% · Philippines · exploration and development of petroleum and related products
   4. SC72 Holdings 100% · Philippines
   5. ProjectCo 100% · Philippines
   6. FGPI 100% · Philippines

Significant events

• “On 10 June 2022, FGL, representing the SC 72 Joint Venture, executed a Sale and Purchase Agreement ("SPA") to sell certain drilling-related Long Lead Items ("LLIs") to Nido for US$2.9 million payable in instalments... final US$1.5 million tranche was settled by October 2023.”
• “In January 2023, Matahio Energy completed the acquisition of NPG Pty Ltd ("NPG")... In March 2023, ownership of the FPSO was transferred directly from PUI to NPG.”
• “In December 2023, the DOE released Department Circular ("DC") no. 2023-12-0033 on the awarding of Development and Production Petroleum Service Contracts ("DP PSC") through direct negotiations. It took effect on 3 January 2024.”
• “On 26 June 2023, the DOE sent a Notice of Qualification of the Consortium to Enter a Petroleum Service Contract on the Octon Block, which the DOE has since designated as Nominated Area No. 10. The JV has since signed the SC and is awaiting the signatures of the DOE Secretary and the Philippine President for the awarding of the SC.”
• “In late 2021, Nido submitted a farm-in proposal to the JV to increase its participating interest in SC 6B from 9.09% to 72.727%... A farm-in agreement ("FIA") was later executed on 11 February 2022, with FEPC's interest being reduced to 2.4546% from 8.182%.”
• “On 31 December 2023, the BOD of FEL approved the conversion of total non-interest bearing advances of $9,217,939 to 30,726,463 new FEL shares valued at US$0.30/share.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.