FPL First Calgary

    First Calgary Petroleums Ltd. - Dealing by Director

 

    TSX: FCP  

    LSE: FPL                                                                 

 

    CALGARY, Dec. 21 /CNW/ - First Calgary Petroleums Ltd. ("FCP" or the

"Company") announces that 100,000 common shares were issued by the Company

pursuant to the exercise of stock options by Mr. Darryl J. Raymaker, a     

non-executive director of the Company. The stock options, which were otherwise

expiring this week, were exercised at $1.23 (Cdn.) per share. Mr. Raymaker now

holds 133,279 common shares of FCP and continues to hold 1,000,000 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: Richard G. Anderson, President and CEO, First

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

    (FPL)



END

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