The Edmonton Oilers have signed centre Toby Petersen to a one-year contract and left winger Tim Sestito to a two-year entry-level contract.

Petersen enters his third season with the Oilers organization and is coming off a 2005-06 season that saw him lead the Iowa Stars in scoring and finish 16th in the American Hockey League scoring race with a career-high 73 points. The 510", 197-pound native of Minneapolis, Minnesota scored 26 goals and a career-high 47 assists in 79 games with Iowa. He added 2-4-6 in seven Calder Cup playoff games.

View Petersen's career statistics

Following Iowas elimination from the AHL playoffs, the 27-year-old forward joined the Oilers for their Stanley Cup playoff run and scored a goal in two playoff game appearances. He netted his first career Stanley Cup playoff goal in his second game, scoring the opening goal in Edmontons 5-4 win over the Mighty Ducks of Anaheim in Game 3 of the Western Conference Final at Rexall Place on May 23rd.

Now in his seventh pro season, Petersen, who originally signed as a free agent with the Oilers on July 30, 2004, has scored 10-16-26 with 8 PIM in 91 career NHL games.

The 60", 195-pound Sestito scored 21-23-44 with 127 penalty minutes in 72 games with the ECHLs Greenville Grrrowl last season. The 22-year-old native of Rome, New York finished 10th on the Greenville scoring list and was fifth in goals and third in penalty minutes.

View Sestito's career statistics

Sestito played four seasons with the Plymouth Whalers of the OHL between 2001-02 and 2004-05, scoring 45-56-101 with 250 PIM in 236 career games. Following his final season of junior hockey, he played nine regular season games with Bridgeport of the AHL, scoring 2-1-3 with 12 PIM for the Sound Tigers.

Both Petersen and Sestito will join the Oilers for their 2006-07 Training Camp in Grande Prairie, Alberta on September 14th.