Forest Oil Begins Production from Deep Shelf Discovery

Forest Oil has commenced initial production from its deep shelf discovery at South Timbalier Block 72 Well #21 in the Gulf of Mexico.

The #21 well was drilled to a total depth of 19,072 feet. It was placed on-line to sales at a rate of 2,000 Bbls/d and 1.4 MMcf/d with a flowing tubing pressure of 5,500 PSI. This well took 90 days to drill and put on-line. Forest, as operator, has a 75% working interest and Dominion Exploration & Production holds a 25% working interest in this well.

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