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Message: from IR

from IR

posted on Feb 25, 2009 08:56AM

As promised, I asked them about the coiled tubing etc.

"Unfortunately I cannot expand too much from the press release but the company is very pleased with the results. What I can say is that this was only a four stage frac and a normal eight stage frac would have more of an impact than further clean up. We have been testing several intervals over a broad area and with very few results are already seeing what appear to be commercial results in our best wells and we are already seeing the direction we need to move to commercialize. We are ahead of other shale plays both in time and capital invested for the results achieved and in spite of market changes we are within the original timelines for commercialization of this shale play by 2010.

It is very expensive to bring out a coil rig and then pay stand by for every day of the test and QEC agrees with the decision not to bring it out. We think Forest is doing a great job overall.

Thanks for your questions. Have a great day!

Anela"

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