FPL First Calgary

    First Calgary Petroleums Ltd. - Dealing by Director

 

    CALGARY, Nov. 15 /CNW/ - First Calgary Petroleums Ltd. ("FCP") announces

that 1,100,000 common shares were issued by the Company pursuant to the

exercise of stock options by Mr. Richard G. Anderson, an executive director of

the Company. The stock options exercised included 400,000 at $1.06 (Cdn.) per

share and 700,000 at $1.30 (Cdn.) per share, all of which were otherwise

expiring this week. Mr. Anderson now holds 1,501,006 common shares of FCP and

continues to hold 1,936,000 stock options.

    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 press release is being issued in compliance with the rules of the

AIM market of the London Stock Exchange.

 

    /For further information: Contact: Richard G. Anderson, President and

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

    (FPL)



END

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