First Calgary Petroleums Ltd. Acknowledgement of Shareholder Request


    CALGARY, Dec. 19 /CNW/ - The Board of Directors of First Calgary
Petroleums Ltd. ("FCP" or the "Company") notes the announcement from
Waterford Finance & Investment Limited, a shareholder in FCP, on the delivery
to the Company of a requisition for a special meeting of the shareholders of
FCP to be called for the purpose of removing a director. The Board has
received the formal requisition from Waterford. The Board will consider the
requisition and provide a response to the market in due course.

    First Calgary Petroleums Ltd. is an oil and gas exploration company
actively engaged in exploration and development activities in Algeria. The
Company's Common Shares trade on the Toronto Stock Exchange in Canada (FCP)
and on the AIM market of the London Stock Exchange in the UK (FPL).

For further information:

For further information: Kenneth C. Rutherford, Senior Advisor, First
Calgary Petroleums Ltd., Tel: (403) 264-6697; Other contacts: James Henderson,
Pelham Public Relations, Tel: +44 (0) 20 7743 6673; Carina Corbett, 4C -
Burvale Limited, Tel: +44 (0) 207 559 6710; Nominated Adviser: Richard
Swindells/David Nabarro, Nabarro Wells & Co. Limited, Tel + 44 (0) 20 7710

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