Forest Oil to Sell $125 Million in Senior Notes

Forest Oil Corporation (NYSE:FST) has agreed to sell an additional $125 million in aggregate principal amount of its 8% Senior Notes due 2011 at 107.75% priced to yield 6.66% plus accrued interest.

Forest previously issued $160 million principal amount of the 8% Senior Notes on December 7, 2001. Forest intends to use the proceeds of the offering to repurchase or repay existing indebtedness.

The securities to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.

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