FEN Forent Energy Ltd.

Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) is pleased to
announce that it has filed its unaudited condensed Interim Financial Statements
and Management's Discussion & Analysis, for the period ending June 30, 2013,
with applicable securities regulatory authorities in Canada. Copies of these
documents can be accessed under the Company's profile on the SEDAR website at
www.sedar.com and on the Company's website www.forentenergy.com. In addition,
Forent announces the following corporate operational updates.


Second Quarter Results

Total revenue from petroleum sales and operations increased to $264k for the
first 6 months of 2013 compared to $218k for the same time period of 2012 (an
increase of 21%) due to higher natural gas price realization and decreased
royalty expenses. Daily production decreased to 58 boe/d from 78 boe/d (-26%)
over the first 6 months of 2012 as a result of normal production declines of the
Ferrybank and Huxley pools. Operating netbacks improved to $2.03/boe from -
$0.32/boe for the same time period. The operating results of the Mervin field
and the resulting gain from the divestiture of the property in the first quarter
of 2013 have been recorded in discontinued operations for the periods presented.
Due to this material change in Forent's operating properties, year over year
comparative analysis of the reserves, production and financial statements may
not yield meaningful results.


During the first six months of 2013, the Company spent $389k on operations
associated with the Alton Block in Nova Scotia and the Montgomery Block in
Alberta. These expenditures included the abandonment of the Alton #1 exploration
well and extending the mineral rights tenure of our lands in Montgomery.


Alton Update

At Alton in Nova Scotia, Forent successfully completed the abandonment of Alton
#1 well in June 2013, to ensure the capital expended on the well was fully
qualified as flow-through expenditures. The wellbore was left in a state that
future re-entry could be easily accommodated should further testing be
warranted. While the Alton #1 well encountered several significant natural gas
shows during the drilling of the well and live oil was found in the mud tank
while drilling through the main Gays River Reef target, due to mineralization of
the reef pore space it was determined that the well would not be able to produce
economically. The costs to abandon the well will be applied against the
Company's outstanding work commitment on the Block. 


Forent has invested $10.6 million on the Alton Block since 2007 and we remain
excited by the potential these lands offer. In addition to 8 geophysical
anomalies targeting Gays River reef locations, on the northern portion of the
Alton Block Forent sees significant potential for gas reserves in the Horton
Shale. Data obtained from operators offsetting Forent's acreage indicates a
significant shale gas potential exists on these lands. Forent is actively
looking for a joint venture partner to assist with the continued exploration on
the Alton Block. 


Montgomery Oil Discovery

At Montgomery in southern Alberta, in June 2013, the 01-16 wellbore was swab
tested for 2 days recovering 25.4 m3 (160 bbls), of 38 degrees API light sweet
crude. Forent is very encouraged by the recovery of oil in the centre of the
Montgomery Block and remains optimistic about the resource potential of the
Second White Specks ("2WS"). This discovery is the first critical step in
validating our view of a regional resource play on the Montgomery Block.


The 2WS formation is an organic rich, proven source rock which is, to date,
economically productive from naturally fractured portions of the reservoir. This
pervasive formation has produced light oil in Alberta from the Montana border as
far north as township 60 (600 km fairway) and is estimated to contain nearly 460
billion barrels of oil in place (Source: Geological Survey of Canada). 


In December 2012, the 01-16-12-029W4M well was drilled and rig released. This
was the first well drilled within this township and, as anticipated, provided
valuable data with respect to the hydrocarbon potential in the area. The 01-16
well was perforated and stimulated in the 2WS formation to determine if
hydrocarbon recovery could be achieved from a vertical test well in an area that
is interpreted to be not naturally fractured. After approximately 50% of the
stimulation fluid was recovered, the well started to produce trace amounts of
oil, which steadily increased during the well clean up period. Bottom-hole
recorders were placed in the well and the well was shut-in to obtain pressure
build-up and initial reservoir pressure data. 


In June 2013, the recorders were recovered and over two days of swab testing the
well recovered 25.4 m3 (160 bbls) of oil and 18.8 m3 (118 bbls) of water
(stimulation fluid). During this swabbing period, the flowing bottom-hole
pressure continued to decline and the well started to co-produce volumes of
natural gas. Forent internally estimates that the 2WS formation contains over 7
mm bbls of light sweet oil in place per section and 27.5 bcf per section of
associated gas in place. While Forent is very encouraged by the recovery of oil
from the 2WS interval in the 01-16 well, there is no certainty of commercial
viability of the resources and that early test data should not be considered
representative of the production capabilities. Forent is considering additional
inflow testing of the 2WS formation in due course. 


Recently, Forent has re-processed and re-interpreted its proprietary 3D seismic
survey incorporating the result of the 01-16 wellbore. This has refined our
interpretation to better identify areas of enhanced fracturing within the 2WS
analogous to the offsetting 06-06 producing well. Forent anticipates that the
next phase of drilling on the Montgomery Block will target a location in an area
of enhanced natural fracturing. 


In addition to further evaluation of the 2WS potential in 01-16, Forent
anticipates re-completing the wellbore in a Lower Mannville sand. This sand is
interpreted to be regionally pervasive and charged with sweet natural gas. Based
on the 01-16 well log parameters and the interpreted pressure gradient, this
sand could contain up to 23 bcf per section of natural gas; however it has not
been tested or completed and there is no certainty of classification as an
undiscovered resource or that it will be commercially viable to produce. 


Montgomery Land Extension

Over the last several months Forent has successfully completed a mineral rights
acquisition program on our Montgomery Block in southern Alberta. This program
was critical to facilitating our continued exploration at Montgomery and we are
pleased to announce that we have extended our mineral rights tenure for time
frames ranging from 3 to 4 years. Specifically, Forent maintained all mineral
rights on the majority of the Block and acquired new leases over lands that we
deemed to be more prospective based on our 3D seismic interpretation. Certain
lands within our original Block that were deemed to be less prospective were
allowed to expire. Our gross mineral position on this contiguous Montgomery
Block is currently 6,658 ha (5,941 ha net). 


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

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. 


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


Barrel of Oil Equivalent Presentation - Natural gas is converted to a barrel of
oil equivalent ("boe") using six thousand cubic feet ("mcf") of natural gas
equal to one barrel of oil unless otherwise stated. Boe may be misleading,
particularly if used in isolation. A boe conversion ratio of six mcf to one
barrel ("bbl") is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead. All boe measurements and conversions in this report are derived by
converting natural gas to oil in the ratio of six thousand cubic feet of gas to
one barrel of oil. Natural Gas Liquids ("NGL") are reported in barrels directly.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Forent Energy Ltd.
Richard Wade
President & CEO
(403) 262-9444 #211
rwade@forentenergy.com
www.forentenergy.com

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