FEN Forent Energy Ltd.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


FORENT ENERGY LTD. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to
announce that pursuant to a purchase and sale agreement (the "Agreement") with
an independent Canadian oil and gas company (the "Vendor"), Forent has closed an
acquisition of low decline, high netback, medium gravity oil (22 to 29 degree
API) producing properties (the "Properties") in central Alberta (the
"Acquisition") for a total purchase price of $7.5 million. The Properties
currently produce approximately 150 barrels of oil equivalent per day ("boe/d")
(80 percent oil and liquids). The effective date of the Acquisition is August 1,
2013.


W. Brett Wilson, Chairman of the Board of Directors of Forent, commented on the
acquisition, "This acquisition is perfectly in-line with our stated objectives
of acquiring light oil focussed assets with development and exploitation
potential. Our entire team is to be complimented." The Properties have a
long-term average decline rate of less than 10%, providing stable, predictable
cash flows. The Acquisition is accretive on a cash flow, production and
producing reserves per share basis and the Properties include interests in
strategic area infrastructure.


The purchase price consists of $6.7 million in cash and 10 million common shares
of Forent. The cash portion has been funded from the Company's available cash
resources and from a new $7.0 million bank loan facility. Over $4.0 million of
the facility will be undrawn and available to finance future growth
opportunities.


Richard Wade, President and CEO, stated, "This acquisition marks a significant
step in executing Forent's short term plan outlined in our corporate business
plan, provides stable cash flow, and possesses low risk oil development drilling
opportunities on the Properties. In addition, having the Vendor take back common
shares of Forent as part of the purchase price consideration shows their belief
in the value enhancement upside to be exploited from these assets, and the
significant additional upside in Forent's current asset base."


With the Acquisition, Forent is well capitalized and positioned to pursue future
growth on these Properties. The Company has identified six vertical and two
horizontal infill drilling locations on the Properties that have the potential
to increase production volumes. Additional value enhancement on the Properties
has also been identified through facility optimization and increased water
disposal capacity, which is expected to result in additional production volumes.


The Acquisition has the following characteristics:



Total Purchase Price                  $7,500,000                            
Estimated Field Production            150 boe/d (approx. 80 percent oil and 
                                      liquids)                              
Proved Producing Reserves (1)         596 Mboe (approx. 80 percent oil and  
                                      liquids)                              
Total Proved Reserves (1)             773 Mboe (approx. 82 percent oil and  
                                      liquids)                              
Proved plus Probable Reserves (1)     1,230 Mboe (approx. 80 percent oil and
                                      liquids)                              
Reserve Life Index (P+P)              approx. 22 years                      



Acquisition Metrics



Production                            $50,000/boe/d                         
Total Proved Reserves                 $9.70/boe                             
Proved plus Probable Reserves         $6.10/boe                             



Notes:

Company gross reserves before deduction of royalties. Derived from the public
company's independent reserve report effective December 31, 2012 prepared by
McDaniel & Associates Consultants in accordance with NI 51-101 and the COGE
Handbook. It should be noted that the analysis of these properties was conducted
within the context of an evaluation of the public company's total corporate
independent reserve report. Extraction and use of this analysis outside of this
context may not necessarily be appropriate without supplementary due diligence.


Shares of Forent trade on the TSXV under the symbol "FEN".

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.


Forward-Looking Statements

This press release contains "forward-looking statements". More particularly,
this press release contains statements concerning anticipated: (i) timing and
completion of the Acquisition, expectations and assumptions concerning timing of
receipt of required regulatory approvals and the satisfaction of other
conditions to the completion of the Acquisition, (ii) potential development
opportunities associated with the Acquisition, expectations of future drilling
and development activities, the performance of existing wells and new wells,
(iii) bank loan facilities, (iv) cash flow, and (v) realization of expected
benefits of the Acquisition.


The forward-looking statements are based on certain key assumptions made by
Forent, including expectations and assumptions concerning the performance of
existing wells and success obtained in drilling new wells, anticipated expenses,
cash flow and capital expenditures and the application of regulatory and royalty
regimes.


Although Forent believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on forward-looking statements 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. Actual results could materially differ from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, risks associate with the oil and gas industry in general (e.g.,
operational risks in development, exploration and production; delays or changes
in plans with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty of estimates
and projections relating to production, costs and expenses, and health, safety
and environmental risks), commodity price and exchange rate fluctuations and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. Additional
information on the Company has been filed on SEDAR and can be accessed at
www.sedar.com.


The forward-looking statements contained in this press release are made as of
the date hereof and Forent undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless required to do so by applicable
securities laws.


Barrel of Oil Equivalent Presentation - Natural gas is converted to 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 to one
barrel of oil. Natural gas liquids ("NGL") are reported in barrels directly.


This news release does not constitute an offer to sell or the solicitation of
any offer to buy securities of the Company.


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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