First Calgary Petroleums Ltd. Cases Ninth Successful Well on Block 405b

Source: www.gulfoilandgas.com 11/1/2004, Location: Africa

First Calgary Petroleums Ltd. Announced initial results from the drilling of MZLS-1, an exploration well located on FCPs 100% held Ledjmet Block 405b in Algeria. Wireline logging of MZLS-1 indicates the presence of 51 metres of net hydrocarbon pay over multiple geological intervals. Production testing is anticipated to commence in early November.

The MZLS-1 well, drilled to a depth of 4,500 metres, is located 6.3 km southwest and on the same fault block as the MZLN-1 well, which production tested 45,596 barrels of oil equivalent per day.

Martin Layzell, Vice President, Exploration and Operations stated, We are very excited by these results.

MZLS-1 is FCPs ninth cased well on the Block and is located over 6 km south of the MZLN-1 well and west of the recently announced LES-1 cased well. The logging results confirm the extension of the known area of hydrocarbon saturation towards the southern boundary as well as towards the west of Block 405b.



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