FCP Makes Discovery on Rhourde Yacoub Block 406a

First Calgary Petroleums reports that its ZCHW-1 well, drilled 9.6 km southwest of the FCP Sonatrach ZCH-1 discovery, has been cased as a potential oil and gas well. Wireline logs indicate the presence of 28 metres of net hydrocarbon pay over several formations within the Carboniferous and Upper Devonian.

Richard Anderson, President and Chief Executive Officer, commented, "FCP is pleased with the results of ZCHW-1 as they confirm the southwest extension of a structural trend which, from 3D seismic data, is mapped over more than 125 km(2) on Block 406a. The 3D seismic data and these drilling results indicate a large area to be prospective for further drilling on this trend."

Testing of the ZCHW-1 well will commence at a later date to coincide with other completions and testing operations.

FCP plans to commence drilling operations later this month on the exploration location at RTN-1, which is located 5.3 km north of the ZCH-1 well. RTN-1 will target a separate structure to both ZCH-1 and ZCHW-1.