First Calgary Petroleums Ltd. has retained Lehman Brothers as financial adviser to assist the Company in seeking and evaluating strategic alternatives. In addition, FCP has retained Canaccord Capital (Europe) Limited to act as strategic adviser.
FCP's review of strategic alternatives may include the consideration of a number of transactions, including an outright sale of the Company, a strategic partnership for the development of FCP's Algerian assets as well as potential capital markets opportunities. There can be no assurance that any transaction will be entered into or completed as a result of this process.
