FPL First Calgary

    First Calgary Petroleums Ltd. Operational Update - Algeria

 

    CALGARY, Feb. 2 /CNW/ - First Calgary Petroleums Ltd. (FCP or the

Company) today announces an update on its operations on Ledjmet Block 405b and

Rhourde Yacoub Block 406a in Algeria's Berkine Basin.

 

    Ledjmet Block 405b

 

    FCP is pleased to announce that the LES-3 appraisal well has been cased

to total depth of 4,480 metres. A production testing programme has been

designed and is anticipated to commence in late February 2006.

 

    Drilling has commenced on the LEW-2 appraisal well, situated 3.4 km

northeast of the LEW-1 cased oil and gas well that was drilled and tested in

the second half of 2004.  The LEW-2 well has a projected depth of 4,500

metres.

 

    Readers are referred to the map of Ledjmet Block 405b which is available

on the Company's website at www.fcpl.ca.

 

    Rhourde Yacoub Block 406a

 

    Testing of the ZCH-2 well is continuing and is anticipated to be

completed by the end of February 2006.

 

    This news release includes statements about expected future events and

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

uncertainties. First Calgary Petroleums Ltd. 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: First Calgary Petroleums Ltd., Richard G.

Anderson, President and CEO or John van der Welle, Finance Director and CFO,

Tel: (403) 264-6697, Website: www.fcpl.ca; Other contacts: James Henderson,

Pelham Public Relations, Tel: +44 (0) 207 743 6673; Carina Corbett, 4C -

Burvale Limited, Tel: +44 (0) 207 907 4761.

    (FPL)

 



END

First Calgary Petroleums (LSE:FPL)
Historical Stock Chart
From Jul 2024 to Aug 2024

First Calgary Petroleums (LSE:FPL)
Historical Stock Chart
From Aug 2023 to Aug 2024