Forest recently moved a rig to its acreage in the Haynesville Shale. The decision was made to re-enter the play as a result of positive performance from its restricted rate production program from the seven wells drilled in 2010 and reductions in drilling and completion costs in the region. The seven wells drilled in 2010 have produced at an average rate of 8 MMcfe/d during their first 240 days of production and, at the end of the 240 days, had an average flowing pressure of approximately 4,300 psi. Forest now believes that the estimated ultimate recovery from these wells should exceed the 6.5 Bcfe type curve. Forest recently completed its first well in the area in 2011, which had an initial restricted rate of approximately 12 MMcfe/d with a flowing pressure of approximately 8,640 psi. The performance from this most recently completed well is consistent with other rate-restricted wells drilled in 2010
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