Forte Energy Ltd (ASX:FEL) Share Price & Analysis

Forte Energy Limited (ASX: FEL) is an Australian-listed oil and gas exploration company headquartered in West Perth, Western Australia. Formerly known as IPB Petroleum Limited, the company rebranded in early 2026 to reflect its expanding strategic focus and diversified asset portfolio. The entity is primarily engaged in the identification, exploration, and potential development of conventional hydrocarbon resources within established and emerging energy provinces.

The company’s core operations include the 100% owned WA-424-P exploration permit located in the oil-prone southern margin of the Browse Basin, offshore North Western Australia. In 2026, Forte Energy significantly expanded its international footprint by acquiring Peritas LLC, which holds over 140,000 acres of highly prospective oil and gas leases in Alaska’s National Petroleum Reserve. These Alaskan assets include the Harrier prospect and the historic Umiat oil field, both of which are currently being evaluated for large-scale commercial viability and resource potential.

Forte Energy’s strategy centers on achieving superior shareholder returns through early-stage entry into high-potential petroleum systems and leveraging modern technical studies to de-risk its exploration prospects. By maintaining a strategic mix of domestic Australian offshore permits and high-impact North American onshore leases, the company aims to position itself as a significant player in the global energy market. Its current focus involves advancing technical evaluations, updating resource estimates, and pursuing farm-out opportunities to fund future drilling and development activities.