Forest Oil and Mariner Energy Complete Spin-off and Merger of Forest's Offshore Gulf of Mexico Operations with Mariner

Business Wire, March 2, 2006

Mariner, Forest and their respective directors, and executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information about the participants in the solicitation is set forth in the proxy statement/prospectus-information statement. This news release does not constitute an offer to sell or a solicitation of an offer to buy any shares of Mariner common stock.

Forest Oil Corporation is engaged in the acquisition, exploration, development, and production of natural gas and crude oil in North America and selected international locations. Forest's principal reserves and producing properties are located in the United States in Alaska, Louisiana, Oklahoma, Texas, Utah, and Wyoming, and in Canada. Forest's common stock trades on the New York Stock Exchange under the symbol FST. For more information about Forest, please visit its website at www.forestoil.com.

Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas. Mariner's common stock trades on the New York Stock Exchange under the symbol ME. For more information about Mariner, please visit its website at www.mariner-energy.com.