FPL First Calgary

    Attention Business Editors:

    First Calgary Petroleums Ltd. Drilling Update

    TSX SYMBOL: FCP

    LSE SYMBOL: FPL

    CALGARY, Dec. 4 /CNW/ - In response to the significant volatility in the

trading activity of First Calgary Petroleums Ltd. common shares, the company

today advised that drilling operations on the MLE-2 well located on its 100%

held Ledjmet Block 405b in Algeria, are proceeding as projected. Seven inch

production casing was set as previously announced to a depth of 3100 meters.

The well is being drilled to a total depth of 4450 metres to evaluate all

potential pay zones, including the Triassic TAGI formation, the Carboniferous

F1 sandstone, and the Devonian. This will be followed by an extensive

production testing program of all prospective zones. The MLE-2 well is located

2.5 km updip from the MLE-1 well which production tested 43 million cubic feet

per day of gas and 1745 barrels per day of condensate from 3 zones.

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

(403) 264-6697, European Contact: 4C Communications; Carina Corbett, Tel +44

(0) 20 7907 4761, Website: www.fcpl.ca

    (FCP. FPL)



END

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