Forte Oil Post 49% Drop in Earnings, Propose 1 for 5 Bonus Issue

FORTE OIL 2014 FULL YEAR AUDITED ACCOUNTS Revenue (Millions) – N170,128 (+32.8% YoY) Pre-tax Profits (Millions) – N6,006 (-7.94% YoY) Profit after tax (Millions) – N4,378 (-10.5% YoY) Earnings per share – N2.2 (-49% YoY) Dividend proposed – N2.5 Bonus Issue – 1 for 5 Share Price – N222 (+3.2%) Press release