FPL First Calgary

    First Calgary Petroleums Ltd. commences drilling of third exploration

    well on Block 405b in Algeria

 

    CALGARY, July 28 /CNW/ - First Calgary Petroleums Ltd. (FCP) today

announces that drilling operations have commenced on the LES-1 exploration

well on the Company's Ledjmet Block 405b in Algeria. The LES-1 well is the

third exploration well to be drilled by FCP on the Ledjmet Block. The well is

located 10 km southwest of the recently cased LEC-1 exploration well drilled

by FCP and 18km south-west of the MLE Field, which now has five cased gas and

condensate wells. The LES-1 well has a projected total depth of 4500 metres

and is expected to take 60 days to drill and log.

    LES-1 is the latest in a series of exploratory wells being drilled by FCP

which aims to evaluate the southern part of the Ledjmet Block and prove up the

continuation of the prolific Berkine Basin hydrocarbon trends across FCP's

acreage.

 

    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.

 

    For further information: contact: Richard G. Anderson, President and

CEO, First Calgary Petroleums Ltd., Tel: (403) 264-6697, Website: www.fcpl.ca;

European contacts: James Henderson, College Hill, Tel: +44 (0) 207 457 2020;

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

    (FCP. FPL)

 



END

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