content: <html>
  
  <head>
  
  
  
  
  
  </head>
  
  <body lang="EN-US">
  
  <div style="font-family:Times New Roman;">
  
  <div style="border:none;border-top:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES
  AND EXCHANGE COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, DC 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT
  REPORT</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant
  to Section&nbsp;13 or 15(d)&nbsp;of the Securities Exchange Act of 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of report (Date of earliest event reported):&#160;&#160; <b>May&nbsp;22, 2008</b></font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FOREST OIL CORPORATION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New York</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other jurisdiction of incorporation)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-13515</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">25-0484900</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File Number)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer Identification No.)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">707 17<sup>th</sup> Street, Suite&nbsp;3600,
    Denver, Colorado</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">80202</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive offices)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">303.812.1400</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone number,
  including area code)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former address,
  if changed since last report)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant under any of
  the following provisions (<i>see </i>General
  Instruction A.2. below):</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Written communications pursuant to Rule&nbsp;425
  under the Securities Act (17 CFR 230.425)</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Soliciting material pursuant to Rule&nbsp;14a-12
  under the Exchange Act (17 CFR 240.14a-12)</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under
  the Exchange Act (17 CFR
  240.14d-2(b))</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under
  the Exchange Act (17 CFR 240.13e-4(c))</p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\eudelhofen\08-15119-1\task2955774\15119-1-ba.htm',USER='eudelho',CD='May 22 16:28 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2.03.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Creation of a Direct Financial
  Obligation or an Obligation under an Off-Balance Sheet Arrangement of a
  Registrant.</b></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
  May&nbsp;22, 2008, Forest closed its previously announced private placement of an
  additional $250 million in aggregate principal amount of 7.25% Senior Notes due
  2019 (the &#147;Additional Notes&#148;).&#160; Forest
  intends to use the net proceeds of the Additional Notes offering of
  approximately $247 million (which is net of initial purchaser discounts and
  estimated expenses, and which excludes accrued interest from December 15, 2007),
  together with borrowings under its bank credit facilities, to repay its 8% Senior
  Notes due 2008, upon maturity on June&nbsp;15, 2008.&#160; &#160;&#160;Pending such use, Forest will apply the net
  proceeds to reduce borrowings under its bank credit facilities.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  Additional Notes were issued under an indenture (the &#147;Indenture&#148;) dated as of June&nbsp;6,
  2007, among Forest, Forest Oil Permian Corporation, a wholly owned subsidiary
  of Forest (&#147;Forest Permian&#148;), as subsidiary guarantor, and U.S. Bank National
  Association, as trustee (the &#147;Trustee&#148;), which also governs Forest&#146;s
  outstanding $750 million in aggregate principal amount of 7.25% Senior Notes
  due 2019, issued in June&nbsp;2007 (the &#147;Original Notes&#148; and, together with the
  Additional Notes, the &#147;Notes&#148;).&#160; The Additional
  Notes are general senior obligations of Forest, rank equally in right of
  payment with Forest&#146;s existing and future senior indebtedness, rank senior in
  right of payment to all subordinated indebtedness, and are structurally
  subordinated in right of payment to Forest&#146;s secured indebtedness, including
  its obligations under its bank credit facilities, to the extent of collateral
  securing such indebtedness, and all of the existing and future indebtedness and
  other liabilities of any Forest subsidiaries that do not guarantee the Additional
  Notes.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
  the date of issue, the Additional Notes were jointly and severally guaranteed
  by Forest Permian on an unsecured basis.&#160;
  In the future, any existing and future subsidiaries may deliver
  guarantees and any such guarantees may be released or terminated under certain
  circumstances.&#160; Each subsidiary guarantee
  will have the same ranking with respect to the subsidiary&#146;s indebtedness as the
  Additional Notes will have with respect to Forest&#146;s indebtedness.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Interest
  on the Additional Notes will accrue from December&nbsp;15, 2007 and is payable
  on June&nbsp;15 and December&nbsp;15 of each year, beginning June&nbsp;15, 2008.&#160; The purchase price for the Additional Notes
  included accrued interest from December 15, 2007 of approximately $7.9 million.
  The Notes will mature on June&nbsp;15, 2019.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forest
  may redeem up to 35% of the Notes (including the Original Notes) at any time
  prior to June&nbsp;15, 2010, on one or more occasions, with the proceeds from
  certain equity offerings at a redemption price equal to 107.25% of the
  principal amount of the Notes, plus accrued but unpaid interest, if at least
  65% of the aggregate principal amount of the Notes issued under the Indenture
  remain outstanding after such redemption and the redemption occurs within 120
  days of the closing of any such equity offering.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forest
  may redeem all or a part of the Notes at any time beginning on or after June&nbsp;15,
  2012 if redeemed during the twelve-month period beginning on June&nbsp;15 of
  the years indicated below at the prices set forth below, expressed as
  percentages of the principal amount redeemed, plus accrued but unpaid interest:</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\eudelhofen\08-15119-1\task2955774\15119-1-ba.htm',USER='eudelho',CD='May 22 16:28 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="34%" style="border-collapse:collapse;margin-left:2.0in;width:34.0%;">
   <tr>
    <td width="26%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:26.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2012</font></p>
    </td>
    <td width="17%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:17.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="56%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:56.3%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">103.625%</font></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2013</font></p>
    </td>
    <td width="17%" valign="bottom" style="padding:0in 0in 0in 0in;width:17.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="56%" valign="top" style="padding:0in 0in 0in 0in;width:56.3%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">102.417%</font></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:26.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2014</font></p>
    </td>
    <td width="17%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:17.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="56%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:56.3%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">101.208%</font></p>
    </td>
   </tr>
   <tr>
    <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2015</font></p>
    </td>
    <td width="17%" valign="bottom" style="padding:0in 0in 0in 0in;width:17.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="56%" valign="top" style="padding:0in 0in 0in 0in;width:56.3%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and
    thereafter 100.000%</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forest
  may also redeem all or a part of the Notes at a price equal to the principal
  amount plus a &#147;make whole&#148; premium, at any time prior to June&nbsp;15, 2012,
  using a discount rate of the Treasury rate plus 0.50%, plus accrued but unpaid
  interest.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
  Forest experiences a change of control (as defined in the Indenture), subject
  to certain exceptions, Forest must give holders of the Notes the opportunity to
  sell to Forest their Notes, in whole or in part, at a purchase price equal to
  101% of the principal amount, plus accrued and unpaid interest.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forest
  and its restricted subsidiaries are subject to certain negative covenants under
  the Indenture governing the Notes.&#160; The
  Indenture limits the ability of Forest and each of its restricted subsidiaries
  to, among other things: incur additional indebtedness, create certain liens,
  make certain types of &#147;restricted payments&#148;, make investments, sell assets,
  enter into agreements that restrict dividends or other payments from its
  subsidiaries to itself, consolidate, merge or transfer all or substantially all
  of its assets, engage in transactions with affiliates, and pay dividends or
  make other distributions on capital stock or subordinated indebtedness.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
  the restrictive legend on the Additional Notes has not been removed and the
  Additional Notes are not freely tradable (by persons other than affiliates of
  Forest) as of the 366<sup>th</sup> day after the date the Additional Notes are
  issued,&#160; Forest and Forest Permian have agreed
  to file a registration statement with the Securities and Exchange Commission so
  that the holders of the Additional Notes can exchange the Additional Notes for
  registered notes that have substantially identical terms as the Additional Notes
  and exchange the guarantee provided by Forest Permian for a registered
  guarantee having substantially the same terms as the original guarantee.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forest
  intends to file the registration rights agreement as an Exhibit&nbsp;to its
  next quarterly report on Form&nbsp;10-Q.&#160;
  Forest previously filed the Indenture and Form&nbsp;of Global Note as
  Exhibits to it Quarterly Form&nbsp;10-Q for the quarterly period ended June&nbsp;30,
  2007, as Exhibit&nbsp;4.1 and Exhibit&nbsp;Form&nbsp;4.3, respectively (SEC
  File No.&nbsp;001-13515).</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\eudelhofen\08-15119-1\task2955774\15119-1-ba.htm',USER='eudelho',CD='May 22 16:28 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SIGNATURES</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="45%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:45.62%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FOREST
    OIL CORPORATION</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="45%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:45.62%;">
    <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant)</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.92%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.92%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;22,
    2008</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By</font></p>
    </td>
    <td width="41%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:41.92%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
    CYRUS D. MARTER IV</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="41%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:41.92%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cyrus
    D. Marter IV</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.92%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior
    Vice President, General</font></p>
    </td>
   </tr>
   <tr>
    <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.26%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.7%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.92%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Counsel
    and Secretary</font></p>
    </td>
   </tr>
  </table>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\eudelhofen\08-15119-1\task2955774\15119-1-ba.htm',USER='eudelho',CD='May 22 16:28 2008' -->
  
  
  </body>
  
  </html>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-15119_18k.htm", "description": "8-K", "secsgml_size_bytes": 32727}]
metadata_filer: {"company-data": {"conformed-name": "FOREST OIL CORP", "cik": "0000038079", "assigned-sic": "1311", "irs-number": "250484900", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13515", "film-number": "08855657"}, "business-address": {"street1": "707 SEVENTEENTH STREET", "street2": "SUITE 3600", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "3038121400"}, "mail-address": {"street1": "707 SEVENTEENTH STREET", "street2": "SUITE 3600", "city": "DENVER", "state": "CO", "zip": "80202"}, "former-company": [{"former-conformed-name": "Forest Oil CORP", "date-changed": "20040819"}, {"former-conformed-name": "FOREST OIL CORP", "date-changed": "19920703"}]}
text: UNITED STATES
  SECURITIES
  AND EXCHANGE COMMISSION
  Washington, DC 20549
  FORM 8-K
  CURRENT
  REPORT
  Pursuant
  to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of report (Date of earliest event reported):
  May 22, 2008
  FOREST OIL CORPORATION
  (Exact name of registrant as specified in its charter)
  New York
  (State or other jurisdiction of incorporation)
  1-13515
  25-0484900
  (Commission File Number)
  (IRS Employer Identification No.)
  707 17
  th
  Street, Suite 3600,
    Denver, Colorado
  80202
  (Address of principal executive offices)
  (Zip Code)
  303.812.1400
  (Registrant's telephone number,
  including area code)
  (Former name or former address,
  if changed since last report)
  Check the appropriate box below if the Form 8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant under any of
  the following provisions (
  see
  General
  Instruction A.2. below):
  o
  Written communications pursuant to Rule 425
  under the Securities Act (17 CFR 230.425)
  o
  Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement communications pursuant to Rule 14d-2(b) under
  the Exchange Act (17 CFR
  240.14d-2(b))
  o
  Pre-commencement communications pursuant to Rule 13e-4(c) under
  the Exchange Act (17 CFR 240.13e-4(c))
  Item 2.03.
  Creation of a Direct Financial
  Obligation or an Obligation under an Off-Balance Sheet Arrangement of a
  Registrant.
  On
  May 22, 2008, Forest closed its previously announced private placement of an
  additional $250 million in aggregate principal amount of 7.25% Senior Notes due
  2019 (the "Additional Notes").  Forest
  intends to use the net proceeds of the Additional Notes offering of
  approximately $247 million (which is net of initial purchaser discounts and
  estimated expenses, and which excludes accrued interest from December 15, 2007),
  together with borrowings under its bank credit facilities, to repay its 8% Senior
  Notes due 2008, upon maturity on June 15, 2008.    Pending such use, Forest will apply the net
  proceeds to reduce borrowings under its bank credit facilities.
  The
  Additional Notes were issued under an indenture (the "Indenture") dated as of June 6,
  2007, among Forest, Forest Oil Permian Corporation, a wholly owned subsidiary
  of Forest ("Forest Permian"), as subsidiary guarantor, and U.S. Bank National
  Association, as trustee (the "Trustee"), which also governs Forest's
  outstanding $750 million in aggregate principal amount of 7.25% Senior Notes
  due 2019, issued in June 2007 (the "Original Notes" and, together with the
  Additional Notes, the "Notes").  The Additional
  Notes are general senior obligations of Forest, rank equally in right of
  payment with Forest's existing and future senior indebtedness, rank senior in
  right of payment to all subordinated indebtedness, and are structurally
  subordinated in right of payment to Forest's secured indebtedness, including
  its obligations under its bank credit facilities, to the extent of collateral
  securing such indebtedness, and all of the existing and future indebtedness and
  other liabilities of any Forest subsidiaries that do not guarantee the Additional
  Notes.
  On
  the date of issue, the Additional Notes were jointly and severally guaranteed
  by Forest Permian on an unsecured basis. 
  In the future, any existing and future subsidiaries may deliver
  guarantees and any such guarantees may be released or terminated under certain
  circumstances.  Each subsidiary guarantee
  will have the same ranking with respect to the subsidiary's indebtedness as the
  Additional Notes will have with respect to Forest's indebtedness.
  Interest
  on the Additional Notes will accrue from December 15, 2007 and is payable
  on June 15 and December 15 of each year, beginning June 15, 2008.  The purchase price for the Additional Notes
  included accrued interest from December 15, 2007 of approximately $7.9 million.
  The Notes will mature on June 15, 2019.
  Forest
  may redeem up to 35% of the Notes (including the Original Notes) at any time
  prior to June 15, 2010, on one or more occasions, with the proceeds from
  certain equity offerings at a redemption price equal to 107.25% of the
  principal amount of the Notes, plus accrued but unpaid interest, if at least
  65% of the aggregate principal amount of the Notes issued under the Indenture
  remain outstanding after such redemption and the redemption occurs within 120
  days of the closing of any such equity offering.
  Forest
  may redeem all or a part of the Notes at any time beginning on or after June 15,
  2012 if redeemed during the twelve-month period beginning on June 15 of
  the years indicated below at the prices set forth below, expressed as
  percentages of the principal amount redeemed, plus accrued but unpaid interest:
  2
  2012
  103.625%
  2013
  102.417%
  2014
  101.208%
  2015
  and
    thereafter 100.000%
  Forest
  may also redeem all or a part of the Notes at a price equal to the principal
  amount plus a "make whole" premium, at any time prior to June 15, 2012,
  using a discount rate of the Treasury rate plus 0.50%, plus accrued but unpaid
  interest.
  If
  Forest experiences a change of control (as defined in the Indenture), subject
  to certain exceptions, Forest must give holders of the Notes the opportunity to
  sell to Forest their Notes, in whole or in part, at a purchase price equal to
  101% of the principal amount, plus accrued and unpaid interest.
  Forest
  and its restricted subsidiaries are subject to certain negative covenants under
  the Indenture governing the Notes.  The
  Indenture limits the ability of Forest and each of its restricted subsidiaries
  to, among other things: incur additional indebtedness, create certain liens,
  make certain types of "restricted payments", make investments, sell assets,
  enter into agreements that restrict dividends or other payments from its
  subsidiaries to itself, consolidate, merge or transfer all or substantially all
  of its assets, engage in transactions with affiliates, and pay dividends or
  make other distributions on capital stock or subordinated indebtedness.
  If
  the restrictive legend on the Additional Notes has not been removed and the
  Additional Notes are not freely tradable (by persons other than affiliates of
  Forest) as of the 366
  th
  day after the date the Additional Notes are
  issued,  Forest and Forest Permian have agreed
  to file a registration statement with the Securities and Exchange Commission so
  that the holders of the Additional Notes can exchange the Additional Notes for
  registered notes that have substantially identical terms as the Additional Notes
  and exchange the guarantee provided by Forest Permian for a registered
  guarantee having substantially the same terms as the original guarantee.
  Forest
  intends to file the registration rights agreement as an Exhibit to its
  next quarterly report on Form 10-Q. 
  Forest previously filed the Indenture and Form of Global Note as
  Exhibits to it Quarterly Form 10-Q for the quarterly period ended June 30,
  2007, as Exhibit 4.1 and Exhibit Form 4.3, respectively (SEC
  File No. 001-13515).
  3
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  FOREST
    OIL CORPORATION
  (Registrant)
  Dated:
  May 22,
    2008
  By
  /s/
    CYRUS D. MARTER IV
  Cyrus
    D. Marter IV
  Senior
    Vice President, General
  Counsel
    and Secretary
  4