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Forest Oil Reports Net Loss of $459 Million, Asset Sales Update

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Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced financial and operational results from continuing operations for the third quarter of 2012.

Forest noted the following results for the three months ended September 30, 2012:

Average net sales volumes of 339 MMcfe/d organically increased 5% from the third quarter of 2011 and 1% from the second quarter of 2012 Average oil net sales volumes of 8.9 MBbls/d organically increased 29% from the third quarter of 2011 and 7% from the second quarter of 2012 Adjusted net earnings of $12 million compared to $29 million in the corresponding 2011 period Adjusted EBITDA of $134 million compared to $142 million in the corresponding 2011 period Adjusted discretionary cash flow of $97 million compared to $106 million in the…
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