Lone Pine Resources Inc. - 2011-05-26

The company has reported the pricing of the initial public offering by Lone Pine Resources Inc., a wholly-owned subsidiary of Forest, of 15,000,000 shares of common stock at $13.00 per share. Lone Pine has granted the underwriters a 30-day over-allotment option to purchase up to 2,250,000 additional shares of common stock, at the same price per share, to cover over-allotments, if any. The common stock being offered to the public is expected to begin trading on May 26, 2011, on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LPR, on an "if, as and when issued" basis.