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Forster Drilling Corporation Signs Multi-Well Contract With Enhanced Oil Resources, Inc.

Posted on: Wednesday, 28 November 2007, 15:00 CST

On Wednesday, November 28, 2007, Forster Drilling Corporation (OTCBB:FODL), a Nevada Corporation (the "Company"), announced that its wholly-owned subsidiary, Forster Drilling, Inc., entered into a multi-well contract with Enhanced Oil Resources, Inc. of Houston, Texas (TVX:EOR) to drill 10 wells in Enhanced Oil Resources' St. Johns Helium/CO2 Field located in Apache County, Arizona and Cantron County, New Mexico.

The 10 wells will be drilled to further delineate what is thought to be North America's largest known undeveloped Helium/CO2 resource, encompassing 250,000 acres and almost 400 square miles. It is estimated that a minimum of 200 wells will be required to fully develop the St. Johns Field.

"The drilling is very demanding and complicated. Forster is proud that Enhanced Oil Resources, Inc. has chosen Forster to delineate this potentially very valuable resource," stated Fred Forster III, CEO of Forster Drilling Corporation.

Enhanced Oil Resources, Inc. is a development stage, enhanced oil recovery (EOR) company that controls approximately 235,000 acres of land within the St. Johns Helium/CO2 field in Arizona and New Mexico where the Company is developing what is thought to be the largest undeveloped resource of helium and carbon dioxide gases in North America. Independent engineering firms have estimated that the St. Johns Field contains approximately 15 trillion cubic feet of in place resources, with a potential recoverable resource of 5 trillion cubic feet. Development of the project could result in the Company becoming one of North America's largest CO2 suppliers and EOR producers. The Company's strategic focus for CO2 delivery and EOR production is the Permian Basin where significant potential exists for enhanced oil recovery from mature, depleted oil fields.

For further information: Visit its Website at www.enhancedoilres.com, or please call Don Currie on 1-888-990-3551.

Forster Drilling Corporation is engaged in three related business activities:

Forster Drilling, Inc. - Providing contract land drilling services to oil and gas exploration and production companies (E&P).

Forster Tool and Supply, Inc. - Fabricates new drilling rig components and assembles them with refurbished components into "like-new," state-of-the-art drilling rigs.

Forster Exploration and Production, Inc. - Joint-venture participation with our drilling service customers in the exploration, development, and production of oil and gas reserves.

Additional information about Forster Drilling Corporation and its technology can be found on its Website at www.forsterdrilling.com or contact Sydney Barrett at (713) 266-8125.

Notice: This Statement contains, and oral statements made from time to time by Company representatives concerning information contained herein may contain, so-called "forward-looking statements." These statements can be identified by introductory words such as "expects,""plans,""will,""estimates,""forecasts,""projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements frequently are used in discussing the Company's growth strategy, operating and financial goals, regulatory submissions and approvals and development programs. Many factors may cause actual results to differ from the Company's forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and other of which are not. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.

Source: Business Wire

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