UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 10-Q/A

Amendment No. 1

(Mark One)

For the quarterly period ended September 30, 2010

OR

Commission file number 333-150853-4

Forbes Energy Services Ltd.

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (361) 664-0549

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    ¨  Yes    x  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    ¨  Yes    ¨  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2).    ¨  Yes    x  No

Shares outstanding of each of the registrant’s classes of common stock as of January 12, 2011:

EXPLANATORY NOTE

This Amendment No. 1 on Form 10-Q/A, or the Amendment, amends the Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, or the Original Report, filed by Forbes Energy Services Ltd. and its subsidiaries, or the Forbes Group, with the Securities and Exchange Commission on November 12, 2010. The Forbes Group is amending the Original Report in response to a comment letter received from the staff of the Securities and Exchange Commission in connection with the staff’s review of our Registration Statement on Form S-4 filed on November 19, 2010 in order to reflect the following items:

Except as described above, no other changes have been made to the Original Report. Accordingly, this Amendment should be read in conjunction with our Original Report. Further, the Amendment is stated as of the file date of the Original Report and does not reflect events occurring after the filing date of the Original Report.

PART II — OTHER INFORMATION

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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EXHIBIT INDEX**

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