Forest Oil Announces First Horizontal Haynesville/Bossier Shale Well with an Initial Production Rate of 14 MMcfe/d

DENVER--(BUSINESS WIRE)--Feb. 10, 2009-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced results from its first horizontal Haynesville/Bossier shale well in the East Texas/North Louisiana corridor. The Moseley 14 – 1H, located in Red River Parish, Louisiana, produced into the sales line at a rate of 14 MMcfe/d with 6,500 psi flowing casing pressure while still cleaning up frac load. Forest has a 100% working interest in this well.

Forest holds approximately 3,800 net acres around the drillsite. Forest has approximately 140,000 gross (106,000 net) acres in the Haynesville/Bossier play and intends to operate a two rig program to drill 10 – 12 horizontal Haynesville/Bossier shale wells and participate in 2 – 3 non-operated wells during 2009. The Company currently has two horizontal Haynesville/Bossier shale wells completing and two drilling

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