FPL First Calgary

    First Calgary Petroleums Ltd. announces appointment of Citigroup as Financial
Advisor on Project Debt

    TSX: FCP
    LSE: FPL

    CALGARY, July 12 /CNW/ - First Calgary Petroleums Ltd. ("FCP" or the
"Company") is pleased to announce the appointment of Citigroup as sole
financial advisor to the Company on the project debt for the development of
the MLE gas and condensate field on Ledjmet Block 405b, Algeria.
    FCP is working towards approval for the development from the Algerian
authorities later this year.

    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).

For further information: First Calgary Petroleums Ltd., Richard G. Anderson,
President and CEO, Tel: (403) 264-6697 or John van der Welle, Finance Director
and CFO, Tel: +44 (0) 203 043 0270. 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)

 



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