Forent Energy-First Quarter 2014 Results

The first quarter of 2014 was very active for Forent Energy (TSX VENTURE:FEN).
During the quarter, Forent completed a non-brokered private placement,
identified and licensed three development wells at the Twining Property, and a
second well was drilled at Montgomery on Forent lands.


FINANCIAL

In early February, Forent concluded the second tranche of a non-brokered private
placement financing supporting the development drilling program planned for the
Twining property. Forent issued 7,077,500 common shares of the Company for gross
proceeds of $591,000.


During the first quarter, Forent's revenues increased to $859,000 compared with
$147,000 in the first quarter of the prior year. Funds flow from operations for
Q1 2014 was a positive $150,000 compared with an outflow of $40,000 in Q1 2013.
Capital spending for Q1 2014 was $280,000 compared with $nil in Q1 2013.
Forent's net debt at March 31, 2014, was $1.6 million compared to net debt of
$1.9 million at the beginning of the year. The Company has access to a credit
facility of $7.0 million.


PRODUCTION

Forent's oil and natural gas sales during the first quarter averaged 194 BOEd
compared with 62 BOEd in Q1 2013. Oil production was 107 bopd in Q1 2014
compared with 6 bopd for Q1 2013. Extended time-periods of extremely low
temperatures along with significant snow accumulations challenged the
operational staff during the first quarter but Forent is pleased to report that
field staff did an excellent job of minimizing operation downtime.


OPERATIONS

During the first quarter, Forent identified eight infill drilling locations
based on a purchased 3-D seismic survey at Twining. Three infill development
locations were acquired, surveyed and licensed in preparation for drilling in
Q2. Drilling will commence once the local road restrictions are removed,
anticipated before the end of May.


ONGOING EXPLORATION

Forent reached a milestone at Montgomery, AB, with the drilling of the second
well on Forent lands, and the first well drilled in an area interpreted to be
naturally fractured. Our joint venture partner spudded the Montgomery 14-12 well
in February and after significant drilling challenges with up-hole zones, the
Second White Speckled Shale Formation (2WS) was penetrated and the well was
cased for completion. Prior to casing the well, an ultrasonic imaging log was
run over the 2WS interval. This log revealed multiple fractures in the 2WS
formation across the interval equivalent to the producing zone in the offsetting
06-06 well. After cleaning the drilling fluid from the wellbore, the well was
acidized. During swabbing no inflow from the formation was noted. Bottom hole
pressure recorders were run to evaluate the reservoir quality. The build-up
pressure measured was significantly below expected formation pressure. Forent is
currently awaiting our joint venture partners decision on future operations for
this wellbore.


In April 2014, Forent elected not to submit a work commitment to renew the Alton
block in Nova Scotia. Once regulatory requirements around hydrocarbon resource
stimulation are clarified by the Province and a joint venture partner has been
identified, Forent can re-nominate these lands and submit a work commitment for
further exploration.


OUTLOOK

Forent will begin an initial three well infill development drilling program at
Twining immediately after local road bans have been lifted. This is the first
significant step in our plan to increase our oil and associated gas production
to over 300 BOEd by the end of 2014. Additional drilling of low risk,
development wells within our current portfolio has the potential to far exceed
that goal.


At Wayne, several development strategies for the property are under review with
Forent's partner in the area. We hope to be able to firm up a drilling schedule
during the second half of 2014 for up to three new horizontal wells.


At Provost, oil production is restricted by the water handling capacity of the
facilities. Forent has proposed an expansion of the water handling equipment at
the battery to enable increased oil production. Once approvals have been
obtained from our partners, we will proceed with equipment installation which
will increase fluid handling capacity. The Company has identified a number of
infill horizontal oil development locations that will be considered for drilling
once the battery is capable of processing increased fluid volumes.


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

Forent has filed its Interim Financial Statements and MD&A for the three months
ended March 31, 2014, on SEDAR and its website.


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.


BOE presentation:

Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly
if used in isolation. All boe conversions in this report are calculated using a
conversion of six thousand cubic feet of natural gas to one equivalent barrel of
oil (6 mcf=1 bbl) and is based on an energy conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
well head.


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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Forent Energy Ltd.
Richard Wade
President & CEO
[phone] #211
[e-mail]


Forent Energy Ltd.
Brad R. Perry
CFO
[phone] #208
[e-mail]
www.forentenergy.com