Forest Oil Corporation, founded in Pennsylvania in 1916, is among the oldest independent energy companies in the United States. Forest explores for, develops and markets natural gas and crude oil in the USA, Canada, and other selected international locations. The Company is headquartered in Denver, Colorado and has offices in Lafayette, Louisiana; Houston, Texas and Calgary, Alberta. Forest maintains representative offices in Rome, Italy, and Capetown, South Africa.

With an enterprise value of over $3.5 billion and estimated proved reserves of 1,334 billion cubic feet of natural gas equivalents, Forest is a medium to large independent and produces approximately 166 BCFE per year. Forest has been a public company since 1969 and it's common shares are listed on the New York Stock Exchange under the ticker symbol FST.

Outside of North America, Forest's International Business Unit is focused on exploration in two principal core areas, including Southern Africa and Europe. Forest's international strategy is to explore for hydrocarbons in established producing basins where prospectivity is considered to be of low to moderate risk within areas of production infrastructure. Presently, Forest's international portfolio comprises 5 operated permit areas in two countries. Specifically, Forest operates Orange River Basin Blocks 2A and 2C in the Republic of South Africa on behalf of partners Anschutz Exploration and Petroleum Corporation of South Africa. In Italy, Forest operates two prospective permit areas within the Po Valley Basin and the Monte Pallano permit area situated in the Central Apennines.

While Forest is focused on maximizing the value and potential of our existing portfolio, we remain interested in new opportunities within our established core areas.  Forest will consider offers which demonstrate established production or discovered hydrocarbons, particularly where Forest's extensive US operations experience and completion technology can be applied to enhance production and ultimate recovery.