Highlights

  • Forte Energy continued advancing its Alaska-focused exploration strategy during 2026.
  • The company expanded its oil Lease position within Alaska’s National Petroleum Reserve.
  • Technical studies are being undertaken to evaluate exploration opportunities.
  • Forte Energy also retains Australian exploration interests.
  • Future updates will focus on technical studies, partnerships and exploration planning.

Forte Energy Limited (ASX:FEL) is an oil and gas exploration company focused on evaluating hydrocarbon opportunities across Australia and North America. During 2026, the company shifted its strategic focus towards Alaska through the Acquisition and assessment of oil lease interests within the National Petroleum Reserve in Alaska.

Alaska Exploration Portfolio

Forte Energy expanded its exploration portfolio in 2026 through the acquisition of oil lease interests in Alaska. The company acquired acreage within the National Petroleum Reserve in Alaska, providing exposure to an established oil province. The project portfolio includes exploration targets that require further technical assessment before drilling decisions can be considered.

Harrier Target Evaluation

The company has identified the Harrier structure as a key exploration target within its Alaska portfolio. Historical technical information and previous studies provide a basis for evaluating the area, although prospective resource estimates remain subject to exploration uncertainty. Forte Energy continues reviewing available geological information to define future work programmes.

Technical Studies and Development Planning

During 2026, Forte Energy focused on desktop studies and technical evaluation activities aimed at improving understanding of its Alaska assets. These studies are intended to support future exploration planning and identify potential opportunities for additional assessment. Further work may include geological interpretation, Partnership discussions and exploration planning.

Broader Asset Portfolio

Alongside its Alaska interests, Forte Energy continues to maintain exploration exposure in Australia. The company retains an interest in exploration opportunities within the Browse Basin, where it has continued considering Options associated with its existing permits. The company’s portfolio approach provides exposure to multiple exploration areas.

Funding and Exploration Requirements

Exploration companies require ongoing funding to support technical studies, field activities and potential drilling programmes. Forte Energy has undertaken Capital activities to support its exploration strategy. Future work programmes will depend on funding availability, exploration outcomes and the company’s ability to progress projects through technical and regulatory stages.

Risks and Areas to Monitor

Oil and gas exploration involves geological uncertainty, regulatory requirements and development challenges. Exploration targets do not represent confirmed reserves, and further technical work is required before commercial decisions can be made. Forte Energy’s future progress will depend on exploration results, partnerships, approvals and capital management.

Future Development Activities

Future company announcements may provide updates on Alaska technical studies, exploration planning, potential farm-out discussions and progress across other assets. Continued reporting will provide further information on project priorities, expenditure and strategic direction.

Key Insights

Forte Energy’s 2026 activities reflect a strategic transition towards evaluating Alaska-based exploration opportunities. The company is focused on building an understanding of its lease position through technical assessment while maintaining other exploration interests. Future progress will depend on exploration outcomes, funding capacity and the ability to advance projects through further evaluation.