First Calgary Petroleums
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Address
Suite 500
1414 - 8th Street SW
Calgary, Alberta
Canada T2R 1J6
Tel (403) 264 6697
Fax (403) 264 3955
Web http://www.fcpl.ca
Email info@fcpl.ca
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Capex
FCP's planned exploration and appraisal activities in 2007 are budgeted at approximately $90 million.Reserves
FCP realized a 3.2% increase in gross proved reserves; an 8.7% decrease in gross proved + probable reserves; and a 3.9% decrease in gross proved + probable + possible reserves. In effect, the results of the 2007 drilling and testing program have seen the gross proved reserves increase as a result of the drilling and, as reserve definitions are more strictly constrained by test data and petrophysical analysis, the gross possible and probable reserves have decreased.
With 208 MMBoe of gross proved reserves and 586 MMBoe of gross proved + probable reserves, the 405b block is a major development opportunity that is being worked by FCP and Sonatrach at an accelerated pace for first production in the second half of 2010.
Who's Who
Martin Layzell
Senior Vice President and Algeria Country Manager
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Garry Worth
Vice President, Business Development
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Raymond Antony
Non-Executive Director
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Darryl Raymaker, Q.C.
Non-Executive Director
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Shane O’Leary
Chief Operating Officer
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Roger Whittaker
Vice President, Exploration
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Harry Garfield (Gar)
Non-Executive Chairman
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John
Non-Executive Director
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