NEWS BULLETIN

February 20, 2001 --- Vol. 7, No. 20February 2001

Redoubt Shoal tests at 1,010 barrels per day

Forest Oil Corp. said Feb. 19 that it has successfully logged and tested its 1 Redoubt unit exploratory well. The well was drilled to a total depth of 15,323 feet and logged approximately 450 feet of net pay. It tested at 1,010 barrels a day from the Hemlock formation.

Forest said it will produce the well by artificial lift and expects it to flow at a production rate of 2,500 barrels a day.

The company said it will spud the 2 Redoubt Unit exploratory well within two weeks to test the Hemlock formation in an adjacent fault block. The 2 Redoubt is expected to reach total depth in late April. Forest plans to drill up to three more wells after the 2 Redoubt and is presently in the process of permitting the field for development.

Forest anticipates first production from the Redoubt unit in the second quarter of 2002.



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