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jtcyclone101
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FST -- great news out today, nice action in the pps

http://www.**************.com/quote.php -- input ticker symbol if need be

Forest Oil Announces Results of the Third and Fourth Operated Horizontal Texas Panhandle Granite Wash Wells Each with a Production Rate of 37 MMcfe/d
Jan 14, 2010 8:00:00 AM
Copyright Business Wire 2010
Email Story Discuss on ZenoBank

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DENVER--(BUSINESS WIRE)-- Forest Oil Corporation (NYSE: FST) (Forest or the Company) today announced results from its third and fourth operated horizontal Texas Panhandle Granite Wash wells. In December of 2009, the third operated horizontal well produced at a 24-hour production rate of 15.1 MMcf/d, 1,200 Bbls/d of oil and condensate and 2,400 Bbls/d of natural gas liquids, for an equivalent rate of 37 MMcfe/d. In January of 2010, the fourth operated horizontal well produced at a 24-hour production rate of 16.0 MMcf/d, 1,300 Bbls/d of oil and condensate and 2,200 Bbls/d of natural gas liquids, for an equivalent rate of 37 MMcfe/d. These wells were drilled and completed with horizontal legs of approximately 4,200 feet and nine to ten stages of fracture stimulation for an average total well cost of approximately $6.8 million.

As is detailed in the table below, 24-hour production rates have improved in the most recent wells as Forest has been drilling longer laterals and adding fracture stages.


yahoo link -- http://finance.yahoo.com/q?s=fst (nice 10% increase)

chart link -- http://stockcharts.com/h-sc/ui?s=fst (outstanding chart forming here)

web site -- http://www.forestoil.com/

Our other offices:


Louisiana
3639 Ambassador Caffery,
Suite 401
Lafayette, Louisiana 70508
(337) 265-2600

Texas
1100 Louisiana Street
Suite 2000
Houston, Texas 77002
(713) 830-6800

1101 E. Pool Road
Odessa, Texas 79766
(432) 333-5252

Canadian Forest Oil Ltd.
2500, 645 - 7th Avenue S.W.
Calgary, Alberta, Canada T2P 4G8
(403) 292-8000

Forest Exploration International (SA) (Pty) Ltd.
Suite 1B, Nautica, The Waterclub, Beach Road,
Granger Bay, 8005, Cape Town, South Africa
27 (21) 401-4140

--------------------
fLIP THEM all ~~ !!

Posts: 41 | From: dallas | Registered: Jan 2010  |  IP: Logged | Report this post to a Moderator
   

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