FPL First Calgary

    First Calgary Petroleums Ltd. Trading Activity

 

    CALGARY, March 8 /CNW/ - In response to the recent volatility in the

trading of the Company's common shares, First Calgary Petroleums Ltd. ("FCP")

advises there are no material changes to report.

    FCP is continuing to work with its financial advisor, Lehman Brothers, in

seeking and evaluating strategic alternatives, as previously announced.

    First Calgary Petroleums Ltd. is an oil and gas exploration company

actively engaged in international exploration and development activities in

Algeria. The Company's common shares trade on the Toronto Stock Exchange in

Canada (FCP) and on the AIM market of the London Stock Exchange in the UK

(FPL).

 

    This news release includes statements about expected future events and

financial results that are forward looking in nature and subject to risks and

uncertainties. FCP cautions that actual performance may be affected by a

number of factors, many of which are beyond its control. Future events and

results may vary substantially from what First Calgary Petroleums Ltd.

currently foresees.

 

    For further information: Richard G. Anderson, President and CEO, First

Calgary Petroleums Ltd., Tel: (403) 264-6697; Tony Durrant, Managing Director

Corporate Finance, Lehman Brothers Europe Limited,      

Tel: +44 (0) 207 102 2911

    (FPL)

 


END

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