Forent Energy Announces Q1 2015 Financial and Operating Results - Seite 2

OPERATIONS

During Q1 2015 the Twining field experienced a 10 day production curtailment while a third party gas transportation line was temporarily removed from service. Following the 10 day outage, all operations were returned to normal production levels. Operational optimization efforts took place in Q1 to redirect our sales oil to terminals that provided superior netbacks, resulting in a 20 % decrease in commodity price offsetting costs.

OUTLOOK

The initial development phase of our Twining property was the first step in our plan to materially increase oil and associated gas production for the Company. Within our portfolio, we have several low risk exploitation opportunities available when prices recover. Meanwhile Forent has taken appropriate steps to reduce overhead, while actively pursuing its mandate of growth through asset acquisitions and corporate mergers.

Shares of Forent trade on the TSX Venture Exchange under the symbol "FEN".

ADVISORY: Certain information in this news release, including the operations at the Company's properties, constitute forward-looking statements under applicable securities laws. Although Forent believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Forent can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.