Forest Oil Corporation says that its bank group reaffirmed the Company's $1.8 billion borrowing base and commitment amount related to its credit facility maturing in June, 2012 on October 17, 2008, the regularly scheduled measurement date.

Forest's bank group is comprised entirely of commercial banks and are Forest's primary derivative counterparties. As of September 30, 2008, including the draw-down of the cash payment required to close the previously announced asset purchase from Cordillera Texas, L.P., Forest had borrowed $1.224 billion on the credit facility and had $576 million of liquidity available to be drawn.

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