FCP Beings Drilling 3rd Well on Block 405b in Algeria

First Calgary Petroleums Ltd. has begun drilling operations 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.