Forest Oil Corporation

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Denver, Colorado-based Forest Oil Corporation (FST) has a pilot Utica shale drilling program consisting of three horizontal wells that will be fraced sometime during the forth quarter of 2008.

Canadian Forest Oil Ltd. (CFOL) is a wholly owned subsidiary of Forest Oil. It has drilled two horizontal wells at St-Francois and St-Louis on the Yamaska Property in the Saint Lawrence Lowlands, Quebec, Canada. Forest's Utica shale program on Yamaska covers approximately 112,000 acres. Gastem and Questerre Energy Corporation are partners in this development.

A February, 2009 report indicated that one of Forest's Utica wells was in the process of being fraced.

H. Craig Clark is President and CEO of Forest Oil.

David H. Keyte is Executive Vice President and CFO.

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