Forbes Energy Services to Commence Exchange Offer of 11% Senior Secured Notes Due 2015



    ALICE, Texas, July 8 /CNW/ - Forbes Energy Services Ltd. (TSX: FRB)
("FES"), Forbes Energy Services LLC (the "Company"), and Forbes Energy Capital
Inc. ("Capital," and together with the Company, the "Issuers") announced the
commencement on Tuesday, July 1, 2008 of the offer to exchange any and all of
the $205,000,000 aggregate principal amount of the Issuers' outstanding 11%
Senior Secured Notes due 2015 (CUSIPs 345140 AA 5; 345140 AB 3 & U34499 AA 8)
(collectively, the "Old Notes"), which were sold in transactions exempt from
registration under the Securities Act of 1933, as amended (the "Act"), for an
equal aggregate principal amount of the Issuers' 11% Senior Secured Exchange
Notes due 2015 (CUSIP 440543 AB 2) (the "New Notes").  The issuance of the New
Notes has been registered under the Act.
    The Company will accept for exchange any and all original notes validly
tendered and not validly withdrawn before the expiration time of 5:00 p.m.,
New York City time on July 30, 2008 (the "Expiration Time"), unless extended.
Original notes validly tendered may be withdrawn at any time before the
Expiration Time only in accordance with the withdrawal rights set forth in the
exchange offer prospectus under the caption "Exchange Offer - Withdrawal of
Tenders."
    Copies of the exchange offer prospectus and related transmittal materials
governing the exchange offer may be obtained from the exchange agent, Wells
Fargo Bank, N.A., Corporate Trust Operations, MAC N9303-121, 6th & Marquette
Avenue, Minneapolis, Minnesota 55479, Attention: Reorg. Dept., or by calling
1-800-344-5128.
    This release is not an offer to sell or a solicitation of an offer to
purchase the New Notes or an offer to purchase or solicitation of an offer to
sell the Old Notes.
    Forbes Energy Services is an independent oilfield services contractor
that provides well servicing and fluid logistics products and services
primarily to the Texas market.

    Forward-Looking Statements

    This news release contains forward-looking statements, including, in
particular, statements about Forbes Energy Services Ltd.'s plans and
intentions regarding the exchange of New Notes for Old Notes. These have been
based on the Company's current assumptions, expectations and projections about
future events. Although the Company believes that the expectations reflected
in these forward-looking statements are reasonable, the Company can give no
assurance that the expectations will prove to be correct.

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


               DRG&E
               Ken Dennard, Managing Partner
               Ben Burnham, Assistant Vice President
               713-529-6600

    





For further information:

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

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FORBES ENERGY SERVICES LTD.

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