Pacific Energy Resources Ltd.: Removal of .S Designation


LONG BEACH, Calif., Feb. 6, 2006 (PRIMEZONE) -- Pacific Energy Resources Ltd. (the "Company") (TSX-V:PFE) is pleased to announce that is has resumed trading under its trading symbol "PFE". As a result of its domestication from British Columbia to Delaware, it had been trading under the symbol "PFE.S" as part of its compliance with the requirements of U.S. Regulation S under the Securities Act of 1933. The one-year distribution compliance period under Regulation S expired on February 4, 2006, permitting the Company to resume trading under its formal symbol, "PFE," at the opening of trading on Monday, February 6, 2006.

About Pacific Energy Resources Ltd.

Pacific Energy Resources Ltd. is headquartered in Long Beach California, and is engaged in the acquisition and development of oil and gas properties, primarily in the United States. Pacific Energy currently owns and operates three oil fields in Southern California in the Los Angeles Basin.

On behalf of the Board of Directors of Pacific Energy Resources Ltd.

Mr. Darren Katic, President

The TSX Venture exchange does not accept responsibility for the adequacy or accuracy of this release.


            

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