Forest Oil Operations Minimally Impacted by Hurricane Ivan

Forest Oil has completed its initial review of operated and non-operated operations in the Gulf of Mexico and determined that they were minimally impacted by Hurricane Ivan. Forest sustained no material permanent loss of production and no injuries to personnel.

As of this date, the Company estimates that approximately 1.2 Bcfe of third-quarter production will be deferred. During the height of the hurricane, Forest had approximately 50% of its personnel evacuated and approximately 145 MMcfe/d shut in (about 55% of its offshore Gulf of Mexico production) and currently has approximately 30 MMcfe/d shut in (approximately 10 MMcfe/d operated and 20 MMcfe/d non-operated). The shut in production is awaiting repairs to third-party pipelines and production facilities that the Company estimates will be completed in the next two to three months. As a result, Forest estimates that for the fourth quarter of 2004, an additional 2 Bcfe of production could be deferred as a result of these repairs or delayed rig activity.

Forest also announced that a production caisson at Main Pass 98 was heavily damaged in the storm. Main Pass 98 was producing approximately 1 MMcfe/d net and may not be repaired.

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