http://www.cnxmarketlink.com/en/releases/archive/October2009/05/c3761.html

ALICE, Texas, Oct. 5 /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) (the

"Company") announced today that on October 2, 2009 the Company and its

domestic subsidiaries completed the sale by the Company's subsidiaries, Forbes

Energy Services LLC and Forbes Energy Capital Inc., of $20 million aggregate

principal amount of first lien floating rate notes to Goldman, Sachs & Co. in

a private placement in reliance on an exemption from registration under the

Securities Act of 1933, as amended. The Company used the net proceeds from

this issuance to repay outstanding indebtedness under and terminate its

existing revolving credit facility.

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About the Company

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Forbes Energy Services Ltd. is an independent oilfield services

contractor that provides a broad range of drilling-related and

production-related services to oil and natural gas companies, primarily

onshore in Texas, Mississippi and Mexico.

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Contacts: Forbes Energy Services Ltd.

L. Melvin Cooper, SVP & CFO

361-664-0549

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DRG&E

Ken Dennard, Managing Partner

Ben Burnham, AVP

713-529-6600

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/For further information: L. Melvin Cooper, SVP & CFO of Forbes Energy

Services Ltd., +1-361-664-0549; or Ken Dennard, Managing Partner, Ben Burnham,

AVP, both of DRG&E, +1-713-529-6600, for Forbes Energy Services Ltd./