FOREST OIL CORPORATION

Forest Oil Corporation, founded in Pennsylvania where oil was first discovered in the United States, is among the oldest independent energy companies in the U. S. Forest explores for, develops and markets natural gas and crude oil in North America. The Company is headquartered in Denver, Colorado and has offices in Lafayette, Louisiana and Houston, Texas. Canadian Forest Oil Ltd., a wholly-owned subsidiary, is located in Calgary, Alberta. Forest employs over 250 people in the United States an... d Canada. With an enterprise value of over $1 billion and estimated proved reserves of 775 billion cubic feet of natural gas equivalents, Forest is a medium to large independent. The Company's largest shareholder is The Anschutz Corporation, headed by oil industry veteran Philip Anschutz. Mr. Anschutz and two other Anschutz representatives serve on Forest's Board of Directors. Forest has been a public company since 1969 and its common shares are listed on the New York Stock Exchange under the ticker symbol FST.

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