FPL First Calgary

RNS Number:3574A
First Calgary Petroleums Ltd
01 July 2004


The following announcement replaces the Algerian drilling announcement issued
this morning at 7.00am.  The announcement issued at 7.00am had previously been
released on 8 June 2004.



First Calgary Petroleums Ltd

First Calgary Petroleums Ltd. commences drilling exploration well on Block 405b
in Algeria



CALGARY, June 30, 2004 - First Calgary Petroleums Ltd. (FCP) today announces
that drilling operations have commenced on the MZLN-1 exploration well on the
Company's Ledjmet Block 405b in Algeria.



The MZLN-1 well is the second exploration well drilled by FCP on the Ledjmet
Block.  The well is located 5.4 km west of the recently cased LEC-1 exploration
well drilled by FCP and 13 km west of the MLE Field, which now has five cased
gas and condensate wells.  The MZLN-1 well also offsets the abandoned gas and
condensate well, MZL-1, drilled by Hispanoil in 1987.



The MZLN-1 well has two objectives: to confirm and extend the hydrocarbon pay
identified in the MZL-1 borehole and to explore for new reserves in additional
geological horizons.  The well has a projected total depth of 4500 metres and is
expected to take 60 days to drill and log.



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.





Enquiries:

First Calgary Petroleums Ltd.
    Richard G. Anderson, President and CEO            Tel: (403) 264-6697

College Hill
    James Henderson                                   Tel: +44 (0)207 457 2020


4C Communications Ltd.
    Carina Corbett                                    Tel: +44 (0)207 907 4761



Website: www.fcpl.ca


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

DRLKGGGNRMDGDZG

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

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