Forest Gate To Drill Four Coalbed Methane Wells



    Fully Funded Drilling Program to Commence Immediately

    SHARES OUTSTANDING:  118 MILLION
    SYMBOL & EXCHANGE:  FGT-V

    MONTREAL, Nov. 13 /CNW Telbec/ - Forest Gate Resources Inc. reports that
it has entered into a joint venture agreement with Emerald Bay Energy Inc.,
Calgary, to acquire a working interest (see table below) in an Alberta
property, which potentially hosts natural gas in coalbed methane.
    Leases have been acquired by the consortium for the drilling of four
coalbed methane (CBM) test wells in the Nevis area, located in Central
Alberta. All four wells are scheduled to be drilled by the end of the fourth
quarter of 2007. And Forest Gate's commitment to the four well drilling
program is fully funded.
    Four Nevis wells will be drilled in the Horseshoe Canyon Coalbed Methane
fairway and completed consecutively to a total depth of 425 metres. These
proposed locations are directly offsetting highly productive existing coalbed
methane producers. Offset wells have had initial daily production rates
between 125 and 400 thousand cubic feet of gas per day(xx).
    The Horseshoe Canyon, has the largest deposits of coalbed methane in
Canada. Estimates for the amount of gas from coalbed methane that can be
recovered from this area in its entirety are between six and fifteen trillion
cubic feet(xxx).

    
    Partners - Nevis Area License
    -------------------------------------------------------------------------
    Partner                         Before Payout(*)        After Payout(*)
    -------------------------------------------------------------------------
    Emerald Bay Energy                           45%                   28%
    -------------------------------------------------------------------------
    Just Freehold Energy (JFEC)                  44%                   22%
    -------------------------------------------------------------------------
    Forest Gate Resources                        10%                    5%
    -------------------------------------------------------------------------
    (*) Subject to JFEC's gross overriding royalty or if wells not producing

    The Nevis property is located in Twp 39, Rge 22 W4M, approximately
22 miles East of Red Deer, Alberta.
    The project Operator is Emerald Bay Energy Inc. headquartered in Calgary,
Alberta, with land holdings and operations in Alberta and South Texas.
    Just Freehold Energy (JFEC), Calgary, is another partner in the
consortium. The private Canadian energy company is focused on finding and
developing oil and natural gas rights owned by individual freehold owners in a
just and economically efficient manner. JFEC uses leases drafted by the
Freehold Owners Association (FHOA), as opposed to energy industry lawyers,
which are designed to fairly balance the rights of the freeholder with those
of the energy company. One of the main advantages of using this type of lease
for Forest Gate and its partners is that royalties are capped at 28% and are
therefore not affected by the rising royalties in Alberta.
    "We are excited to be working with Emerald Bay," said Michael Judson,
President and CEO of Forest Gate. "We believe they understand this geological
environment very well and success here would create cash flow and could lead
to other interesting new projects."

    (xx)  Initial production rates are quoted from Accumap, a geological
          program used throughout the Alberta industry,
          http://energy.ihs.com/Products/Accumap/index.htm

    (xxx) Energy Brief- Horseshoe Canyon- The Potential for Coalbed Methane
          Development, National Energy Board, June 2007
    

    About the Company

    Forest Gate Resources Inc. is an international oil & gas exploration
company. The company is seeking to increase shareholder value through
participation and development of oil & gas exploration and production projects
in Ireland and Canada. The Company's shares trade under the symbol FGT on the
TSX Venture Exchange.

    FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements, including
statements regarding the business and anticipated financial performance of the
Company. These statements are subject to a number of risks and uncertainties.
Actual results may differ materially from results contemplated by the
forward-looking statements. When relying on forward-looking statements to make
decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any
forward looking statements, oral or written, made by itself or on its behalf.


    The TSX Venture Exchange has not reviewed nor does it accept
    responsibility for the adequacy or accuracy of this news release.




For further information:

For further information: Robert Kramberger, V-P, Investor Relations,
1-866-666-3040, rkramberger@forestgate.ca, www.forestgate.ca

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Forest Gate Energy Inc.

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