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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (6680)	9/15/1999 12:06:00 AM
From: Richard Saunders	Respond to of 24905

Watching the north. Forest Oil/Ranger's 10,000+ ft. deep test has reached total depth. =-=-=-=-=-=-=-=--= Forest Oil Corporation Announces Preliminary Results of Northwest Territories Well Tuesday, September 14, 1999, 5:48 PM EDT Business Editors DENVER--(BUSINESS WIRE)--Sept. 14, 1999-- Forest Oil Corporation (NYSE:FST) and its partner Ranger Oil Limited (each with 50% working interest) announced preliminary results from the N-61 well in the Northwest Territories of Canada operated by Forest's wholly owned subsidiary Canadian Forest Oil, Ltd. The N-61 well has reached a total depth of 10,334 feet. The well bore penetrated a highly porous dolomite in the Nahannai formation which yielded strong gas shows when it was penetrated. The N-61 well is located some six miles to the southwest of the Ranger operated P-66A discovery well (Forest and Ranger each with a 50% working interest) which production tested at 30 mmcf/d through 3-1/2" tubing. Current plans are to begin testing the N-61 well in the next 2-3 weeks. Test information should be available in October 1999. Canadian Forest and Ranger are currently conducting a 3-D seismic program on acreage adjacent to the N-61 well with the objective of identifying potential development locations. Forest Oil Corporation is engaged in the acquisition, exploration, development, production and marketing of natural gas and crude oil in North America. Forest's principal reserves and producing properties are located in the United States in the Gulf of Mexico, Louisiana, Texas and in Canada in Alberta and the Northwest Territories. Forest's common stock trades on the New York Stock Exchange under the symbol FST. --30--SH/dx* CONTACT: Forest Oil, Denver Analysts and Investors: Donald H. Stevens, 303/812-1500 Media: Marti Dowling, 303/812-1401