FPL First Calgary

RNS Number:2409M
First Calgary Petroleums Ltd
12 May 2005


                         First Calgary Petroleums Ltd.

                                                               TSX: FCP LSE: FPL


First Calgary Petroleums Ltd. ('First Calgary' or the 'Company') notes comments
attributed to ONGC Videsh Ltd ('ONGC') in the media today.


On April 16th First Calgary announced that it had received a number of proposals
for the company or its assets and that it would be engaged in discussions
regarding these proposals over the next few weeks. This continues to be the
case.


Contrary to comments attributed to ONGC, First Calgary is in discussion with a
number of parties. These discussions are progressing well and First Calgary
intends to make an update announcement within the next two weeks.


12 May 2005


First Calgary               Richard G. Anderson, President & CEO   +403 264-6697
Petroleums Ltd

Lehman Brothers             Tony Durrant, Managing Director     +44 207 102 2911
Europe Limited


Pelham Public Relations     James Henderson                      +44 207 7436673
                            James.henderson@pelhampr.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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