First Calgary Petroleums

First Calgary Petroleums

Infobox Company
name = First Calgary Petroleums Ltd.

type = Public
genre =
foundation =
founder =
location_city = Calgary, Alberta
location_country = Canada
location =
locations =
area_served =
key_people = Shane O'Leary
industry = Oil & Gas Drilling & Exploration
products =
services =
market c

revenue =
operating_income =
net_income =
assets =
equity =
owner =
num_employees = 64 (2008)cite web |url=http://zenobank.com/index.php?symbol=CA;FCP&page=quotesearch |title=Company Profile for First Calgary Petroleums Ltd (CA;FCP) |accessdate=2008-10-08]
parent =
divisions =
subsid =
homepage = [http://www.fcpl.ca www.fcpl.ca]
footnotes =
intl =

First Calgary Petroleums Ltd. (TSX|FCP) is a Calgary, Alberta based oil and gas company engaged in the exploration for and development and production of petroleum and natural gas in North Africa and the Middle East. It has no domestic holdings. In September, 2005, the company announced that it had a plan in place to move towards production wells in Algeria, driving the share price upwards.

Common shares of First Calgary Petroleums Ltd. trade on the Alternative Investments Market (AIM) market of the London Stock Exchange under the symbol FPL and on the Toronto Stock Exchange under the symbol FCP.

FCP’s management and technical teams include proven oil and gas finders, with extensive international experience. Management’s goal is to acquire and develop high-impact projects that have the potential to be world-class in size. Strategic drilling activity on well-positioned blocks in Algeria provides the basis for near-term growth.

On September 8, 2008 Reuters announced that ENI S.p.A. is offering to buy First Calgary for $923 in Canadian funds. This would give Italy's ENI group better access to reserves under First Calgary's control in Algeria. [http://www.reuters.com/article/innovationNews/idUSL861803420080908]

References

External links

* [http://www.fcpl.ca/ Official site]


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