Forest makes gas finds in Alaska, Rockies

Forest Oil Corp., Denver, reported two successful exploration wells: in the Cook Inlet area of Alaska, where it has more than 1.1 million net undeveloped acres, and in the Green River basin of Utah.
Feb. 18, 2005

By OGJ editors
HOUSTON, Feb. 18 -- Forest Oil Corp., Denver, reported two successful exploration wells in the Cook Inlet area of Alaska, where it has more than 1.1 million net undeveloped acres.

Its 100%-owned West Foreland 2 well, drilled upstructure from the West Foreland 1, tested 15 MMcfd of gas equivalent from two zones.

The Three Mile Creek Unit 1 well, in which Forest holds a 30% interest, tested at an initial rate of 2 MMcfd of gas equivalent from shallow Beluga intervals. Further testing is scheduled for spring, if weather conditions enable a rig to maneuver in Cook Inlet.

Also, Forest made a gas discovery in the Green River basin of Utah. Hickory 4-20 on the south plunge of the Moxa arch reached 13,400 ft TD and encountered 22 ft of high-quality pay and excellent gas shows.

Forest operates the well with a 58% working interest and has more than 8,000 gross acres in the prospect area. The play was internally generated and supported by proprietary 3D seismic. Additional follow-up opportunities exist and will be pursued after the well is tested and completed.

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