IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

In re:

) Chapter 11 ) Case No. 09-10785 (KJC) ) (Jointly Administered) )

)

PACIFIC ENERGY RESOURCES LTD., et al.,

Debtor.

NOTICE OF (A) HEARING TO CONSIDER CONFIRMATION OF FIRST AMENDED CHAPTER 11 PLAN OF LIQUIDATION FOR PACIFIC ENERGY RESOURCES LTD., ET AL; (B) DEADLINE FOR CASTING VOTES TO ACCEPT OR REJECT PLAN AND (C) RELATED MATTERS TO: (i) HOLDERS OF SENIOR LENDER CLAIMS, AND
(ii) HOLDERS OF GENERAL UNSECURED CLAIMS On August 27, 2010, the above-captioned debtors-in-possession (the "Debtors") filed the First Amended Chapter 11 Plan of Liquidation for Pacific Energy Resources Ltd., etal. dated August 27, 2010 [Docket No. 1845] (including all exhibits thereto and as amended, modified or supplemented from time to time, the "Plan"). 2 Concurrently therewith, the Debtors filed the related Disclosure Statement in Respect of First Amended Chapter 11 Plan of Liquidation for Pacific Energy Resources Ltd., ci al. [Docket No. 1846] (as it may be amended, the "Disclosure Statement"). On August 27, 2010, this Court entered an order approving the Disclosure Statement (the "Disclosure Statement Order") and certain related materials (collectively, the "Solicitation Materials"). A hearing to consider confirmation of the Plan (the "Confirmation Hearing") will be held on October 12, 2010 commencjni at 1:00 p.m. prevaiin Eastern time before the Honorable Kevin J. Carey, United States Bankruptcr Judge, at the United States Bankruptcy Court for the District of Delaware, 824 Market Street, 5 Floor, Courtroom 5, Wilmington, Delaware 19801. Pursuant to the Disclosure Statement Order, the Court approved certain procedures for tabulation of votes to accept or reject the Plan. If you are the holder of a claim as of August 10, 2010 (the "Record Date" as established in the Disclosure Statement Order) in a class entitled to vote on the Plan, you have received with this Notice a ballot form (a "Ballot") and voting instructions appropriate for your claim.

The Debtors in these cases, along with the last four digits of each of the Debtors federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax I.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The mailing address for all of the Debtors is Ill W. Ocean Boulevard, Suite 1240, Long Beach, CA 90802.
2

Unless otherwise defined herein, all capitalized terms shall have the respective meanings ascribed to them in the Plan.

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The following procedures apply with respect to voting your claim(s) if your claim is in Classes 3 through 6 of the Plan: a. Except as provided in paragraph i. below, for your vote to accept or reject the Plan to be counted, you must complete all required information on the Ballot, execute the Ballot and return the completed Ballot to the address indicated on the Ballot so that it is received by September 29, 2010 (the "Voting Deadline"). Any failure to follow the voting instructions included with the Ballot or to return a properly completed Ballot so that it is received by the Voting Deadline may disqualify your Ballot and your vote. b. A Ballot that partially rejects and partially accepts the Plan will not be counted.

C. Ballots that fail to indicate an acceptance or rejection of the Plan, or that indicate both acceptance and rejection of the Plan, but which are otherwise properly executed and received prior to the Voting Deadline, will not be counted.

d. Only Ballots that are timely received with original signatures will be counted, unless the Debtors consent in writing to accept a Ballot by facsimile, e-mail or other electronic transmission. Unsigned Ballots, or Ballots that are illegible will not be counted. e. Ballots postmarked prior to the Voting Deadline, but received after the Voting Deadline, will not be counted. Facsimile Ballots, or Ballots submitted via email or other electronic transmission, will not be counted, unless the Debtors consent in writing to accept a Ballot by facsimile, e-mail or other electronic transmission. f. Whenever you cast more than one Ballot voting the same claim prior to the Voting Deadline, the last Ballot received prior to the Voting Deadline shall be deemed to reflect the voters intent and supersede any prior Ballots. g. If you simultaneously cast inconsistent Ballots, such Ballots shall not be counted.

h. Having submitted a properly executed and timely Ballot, you shall be deemed to have voted the full amount of your claim. Unless otherwise ordered by the Court, questions as to the validity, form, eligibility (including time of receipt), acceptance, and revocation or withdrawal of Ballots shall be determined by the Solicitation Agent and the Debtors, which determination shall be final and binding. i. If your claim has not been previously allowed by order of the Bankruptcy Court, your claim will be deemed to be temporarily allowed, solely for purposes of voting on the Plan unless there is an objection to your claim pending as of twenty-one (21) days prior to the Confirmation Hearing. Objections, if any, to the confirmation of the Plan must: (i) be in writing; (ii) state the name and address of the objecting party and the nature of the claim or interest of such party; (iii) state with particularity the basis and nature of any objection; and (iv) be filed with the Court and served so as to be received on or before September 29, 2010 by: (a) counsel to the Debtors (1) Pachuiski Stang Ziehi & Jones LLP, 919 North Market Street, 17th Floor, Wilmington, DE 19899-8705, Attn: James E. ONeill, Esq.; Fax: 302-652-4400, e-mail: joneillpszjlaw.com and (2) Pachulski Stang Ziehi & Jones LLP, 10100 Santa Monica Blvd., 1 1th Floor, Los Angeles, CA 90067-4100; Attn: Ira D. Kharasch, Esq; Fax: 310-201-0760, e-mail: ikharasch@pszjlaw.com; (b) counsel to the Debtors lenders: J. Aron & Company (1) Bingham McCutchen, 399 Park Avenue, New York, NY 10022, Attn: Jeffrey Sabin, Esq.; Fax:

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212-752-5378, e-mail: jeffrey.sabinbingham.com and (2) Bingham McCutchen, One Federal Street, Boston, MA 01221-1726, Attn: Amy Kyle, Fax: 617-345-5001, e-mail: amy.kyle@bingham.com, and Silver Point Finance: Skadden, Arps, Slate, Meagher & Flom, LLP, 333 West Wacker Drive, Chicago, IL 60606-1285, Attn: Seth Jacobson, Esq.; Fax: 312-407-8511, e-mail: seth.jacobson@skadden.com; (c) the Office of the United States Trustee, J. Caleb Boggs Federal Building, 844 N. King Street, Suite 2207, Lock Box 35, Wilmington, Delaware 19801; and (d) counsel for the Official Committee of Unsecured Creditors (the "Committee"), (1) Steptoe & Johnson LLP, 2121 Avenue of the Stars, 28th Floor, Los Angeles, CA 90067; Attn: Katherine C. Piper, Esq., Fax: (310) 734-3173, e-mail: kpiper@steptoe.com and (2) Pepper Hamilton LLP, Hercules Plaza, Ste 5100, 1313 N. Market Street, Wilmington, DE 19801; Attn: James C. Carignan, Esq., Fax: (302) 421-8390, e-mail: jcarignan@pepperlaw.com. For purposes of filing pleadings in these cases, the address of the Court is 824 North Market Street, Y d Floor, Wilmington, Delaware 19801. Any party in interest wishing to obtain copies of the Disclosure Statement or the Plan may do so by (i) calling Omni Management, the Notice and Balloting Agent, at (818) 906-8300 or (ii) viewing such documents by accessing the Notice and Balloting Agents website: http://omnimgt.comlPacificEnergy or the Courts website: www.deb.uscourts.gov . Please note that a PACER password and login are needed to access documents on the Courts website. The Confirmation Hearing may be continued from time to time without further notice except for (i) an announcement made at the Confirmation Hearing or any adjourned confirmation hearing or (ii) a written notice filed with the Bankruptcy Court and served on all parties who have filed objections to confirmation of the Plan, the United States Trustee, counsel for the Committee, and all parties who have requested notice in these chapter 11 cases pursuant to Bankruptcy Rule 2002. Dated: September 1, 2010 PACHULSKI STANG ZIEHL & JONES LLP

Ira D. Kharasch (CA Bar No. 109084) James E. ONeill (Bar No. 4042) Maxim B. Litvak (CA Bar No. 215852) S cotta E. McFarland (DE Bar No. 4184) 919 N. Market Street, 17th Floor Wilmington, DE 19801 Telephone: 302/652-4100 Facsimile: 302/652-4400 Email: ikharasch@pszjlaw.com joneill@pszjlaw.com mlitvak@pszjlaw.com smcfarlandpszjlaw.com Counsel for the Debtors and Debtors in Possession

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