Forbes Energy Services Announces Completion of Consent Solicitation



    ALICE, Texas, Feb. 9 /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) (the
"Company") announced today that it has successfully completed its previously
announced consent solicitation from the holders of $205,000,000 in aggregate
principal amount of 11% Senior Secured Notes due 2015 (the "Notes") issued by
two of its subsidiaries, Forbes Energy Services LLC and Forbes Energy Capital
Inc., to approve proposed amendments to the indenture governing the Notes.
    

    
    The Company received consents from holders representing a majority in
aggregate principal amount of the Notes.  Accordingly, the Company and Wells
Fargo Bank, National Association, as the trustee under the indenture have
executed the Third Supplemental Indenture, along with the guarantors named
therein.  The amendments will be binding on all holders, including
non-consenting holders.
    

    
    Jefferies and Company, Inc. acted as Solicitation Agent and Wells Fargo
Bank, National Association acted as Tabulation Agent in connection with the
consent solicitation.
    

    About the Company
    
    Forbes Energy Services Ltd. is an independent oilfield services
contractor that provides a broad range of drilling-related and
production-related services to oil and natural gas companies, primarily
onshore in Texas, Mississippi and Mexico.
    

    

    
    Contacts:       Forbes Energy Services LLC
                    L. Melvin Cooper, SVP & CFO
                    361-664-0549
    

    
                    DRG&E
                    Ken Dennard, Managing Partner
                    Ben Burnham, AVP
                    713-529-6600



    




For further information:

For further information: L. Melvin Cooper, SVP & CFO, Forbes Energy
Services LLC, +1-361-664-0549; or Ken Dennard, Managing Partner, or Ben
Burnham, AVP, both of DRG&E, +1-713-529-6600

Organization Profile

FORBES ENERGY SERVICES LTD.

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