LONG BEACH, CALIFORNIA -- (MARKET WIRE)
Pacific Energy Resources Ltd. (TSX: PFE) (the "Corporation") announces that on February 12, 2008, the Corporation filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") for the purpose of registering for possible resale from time to time by the holders thereof of certain outstanding shares of the Corporation's common stock and certain
additional shares of common stock that are underlying warrants or that may be issued as liquidated damages pursuant to a registration rights agreement.

The registration statement has not yet become effective and is
subject to a review, comment and amendment process with the SEC,
which process may take several months. The securities that are the
subject of the registration statement may not be offered or sold
prior to the time the registration statement becomes effective,
except pursuant to Rule 144 or another applicable exemption from
registration requirements. An informational copy of the preliminary
prospectus contained in the registration statement may be obtained
from Dean Stuart, the Corporation's investor relations contact, whose
address is 1024 17 Ave SE, Calgary, Alberta, T2G 1J8 and can be
reached at (403) 517 2270 or email dean@boardmarker.net.

About Pacific Energy Resources Ltd.

The Corporation is an oil and gas exploration and development company
based in Long Beach, California, U.S.A. Additional information
relating to the Corporation may be found on SEDAR at www.sedar.com
and the Company web site: www.pacenergy.com.

ON BEHALF OF THE BOARD OF DIRECTORS

PACIFIC ENERGY RESOURCES LTD.

Darren Katic, President

Note: This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially from
actual future events or results, are based on current expectations or
beliefs and include, but are not limited to, statements concerning
the particular shares covered by the registration statement, the
ultimate ability and intention of holders of those shares to resell
any or all of their shares under the registration statement, and the
timing and ultimate completion of the registration process and
effectiveness of the registration statement. For this purpose,
statements of historical fact may be deemed to be forward-looking
statements. In addition, forward-looking statements include
statements in which the Corporation uses words such as "continue,"
"efforts," "expect," "believe," "anticipate," "confident," "intend,"
"strategy," "plan," "will," "estimate," "project," "goal," "target,"
"prospects," "optimistic" or similar expressions. These statements by
their nature involve risks and uncertainties, and actual results may
differ materially depending on a variety of important factors,
including, among others, the Corporation's ability and continuation
of efforts to timely and completely comply with SEC registration and
reporting requirements as they arise and other regulatory and legal
requirements, and other factors as may be discussed in the documents
filed by the Corporation on SEDAR (www.sedar.com), including the most
recent reports that identify important risk factors that could cause
actual results to differ from those contained in the forward-looking
statements. The Corporation undertakes no obligation to review or
confirm analysts' expectations or estimates or to release publicly
any revisions to any forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

Contacts:
Boardmarker Group
(403) 517-2270
Email: dean@boardmarker.net