Forte Energy NL reported consolidated cash flow results for the first quarter ended March 31, 2013. For the quarter, the company reported net operating cash outflows of AUD 845,000 compared to AUD 3,483,000 a year ago.

Forte Energy NL announced consolidated financial results for the half year ended December 31, 2012. For the period, the company reported revenue of AUD 101,460 compared to AUD 216,315 a year ago. Loss before income tax was AUD 1,456,956 compared to AUD 1,276,769 a year ago. Loss after income tax was AUD 1,475,965 compared to AUD 1,289,810 a year ago. Net loss for the period was AUD 1,475,965 compared to AUD 1,289,810 a year ago. Basic and diluted loss attributable to the ordinary equity holders of the company was 0.17 cents compared to 0.19 cents a year ago. Net cash flows used in operating activities was AUD 1,141,658 compared to AUD 1,166,209 a year ago. Payment for purchase of equipment was AUD 15,550 compared to AUD 101,266 a year ago. Payment for exploration and evaluation expenditure was AUD 1,506,258 against AUD 2,667,908 a year go.

Forte Energy NL is expecting a potential asset acquisition and/or corporate transaction, each of which may involve a capital raising. The shares of Forte Energy were placed in trading halt pending the finalization of certain matters in respect to the acquisition.