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These excerpts taken from the FST 10-K filed Mar 2, 2009. Accretion of Asset Retirement Obligations Accretion expense of $8 million in 2008, $6 million in 2007, and $7 million in 2006 was related to the accretion of Forest's asset retirement obligations pursuant to Statement of Financial Accounting Standards ("SFAS") No. 143, Accounting for Asset Retirement Obligations. SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the asset retirement obligation is required to be accreted each period to its present value. See Note 1 to the Consolidated Financial Statements for additional information on our asset retirement obligations. Accretion of Asset Retirement Obligations Accretion expense of $8 million in 2008, $6 million in 2007, and $7 million in 2006 was related to the accretion of Forest's asset retirement obligations pursuant to Statement of Financial Accounting Standards ("SFAS") No. 143, Accounting for Asset Retirement Obligations. SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the asset retirement obligation is required to be accreted each period to its present value. See Note 1 to the Consolidated Financial Statements for additional information on our asset retirement obligations. Accretion of Asset Retirement Obligations Accretion expense of $8 million in 2008, $6 million in 2007, and $7 million in 2006 was related to the accretion of Forest's asset retirement obligations pursuant to Statement of Financial Accounting Standards ("SFAS") No. 143, Accounting for Asset Retirement Obligations. SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the asset retirement obligation is required to be accreted each period to its present value. See Note 1 to the Consolidated Financial Statements for additional information on our asset retirement obligations. Accretion of Asset Retirement Obligations Accretion expense of $8 million in 2008, $6 million in 2007, and $7 million in 2006 was related to the accretion Accretion of Asset Retirement Obligations Accretion expense of $8 million in 2008, $6 million in 2007, and $7 million in 2006 was related to the accretion These excerpts taken from the FST 10-K filed Feb 28, 2008. Accretion of Asset Retirement Obligations Accretion expense of $6.1 million in 2007, $7.1 million in 2006, and $17.3 million in 2005 was related to the accretion of Forest's asset retirement obligations pursuant to SFAS No. 143, "Accounting for Asset Retirement Obligations". SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the asset retirement obligation is required to be accreted each period to its present value. The significant decrease from 2005 to 2006 is attributable to the large reduction in future abandonment liabilities associated with the Spin-off in March 2006, discussed above. See Note 1 to the Consolidated Financial Statements for additional information on our asset retirement obligations. 38 Accretion of Asset Retirement Obligations Accretion expense of $6.1 million in 2007, $7.1 million in 2006, and $17.3 million in 2005 was related to the accretion of Forest's asset 38 This excerpt taken from the FST 10-K filed Feb 28, 2007. Accretion of Asset Retirement Obligations Accretion expense of approximately $7.1 million in 2006, and $17.3 million in both 2005 and 2004 was related to the accretion of Forest’s asset retirement obligations pursuant to SFAS No. 143. SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. The significant decrease in 2006 is attributable to the large reduction in future abandonment liabilities associated with the Spin-off on March 2, 2006, discussed above. 36 This excerpt taken from the FST 10-K filed Mar 16, 2006. Accretion of Asset Retirement Obligations Accretion expense of approximately $17.3 million in both 2005 and 2004, and $13.8 million in 2003 was related to the accretion of Forest's asset retirement obligation pursuant to SFAS No. 143, adopted January 1, 2003. SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. Using a cumulative effect approach to adopt SFAS No. 143, Forest recorded an after tax credit of approximately $5.9 million in the first quarter of 2003. This excerpt taken from the FST 10-K filed Mar 15, 2005. Accretion of Asset Retirement Obligations Accretion expense of approximately $17.3 million in 2004 and $13.8 million in 2003 was related to the accretion of Forest's asset retirement obligation pursuant to SFAS No. 143, adopted January 1, 2003. SFAS No. 143 requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset. Using a cumulative effect approach to adopt SFAS No. 143, Forest recorded an after tax credit of approximately $5.9 million in the first quarter of 2003. 23 | EXCERPTS ON THIS PAGE:
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