First Calgary Petroleums Ltd. announces the appointment of Charles Pitman as Chairman

    TSX: FCP
    AIM: FPL

    CALGARY, June 26 /CNW/ - First Calgary Petroleums Ltd. ("FCP" or the
"Company") announces the appointment of Mr. Charles Pitman as Chairman of the
Board of Directors of FCP with immediate effect. This appointment follows
confirmation of the election of Mr. Shane O'Leary as an executive director and
Mr. Keith Henry, Mr. Charles Pitman and Mr. Nick Zana as non-executive
directors at the Company's Annual Meeting of Shareholders held last week.
    Mr. Pitman has extensive experience in the oil and gas industry,
including 24 years at Amoco Corporation and BP plc. During this time he held a
number of senior positions including managing operations in Egypt, Oman, Qatar
and the former Soviet Union. Following Amoco's merger with BP he was Regional
President, Caspian/Middle East/Egypt and India. In 2000, Mr. Pitman was
elected to the Board of NYSE and Nasdaq quoted Apache Corporation, a leading
independent oil and gas exploration and production company with operations in
the United States, Canada, Egypt, Australia, the United Kingdom and Argentina.
He is also owner of Shaker Mountain Energy Associates, LLC, a consulting firm,
and a non executive Director and Interim Chairman of AIM quoted Urals Energy
Public Company Limited, an independent exploration and production company with
operations in Russia.
    Richard G. Anderson, President and CEO, commented: "I am very pleased
that Charles Pitman has agreed to become our Chairman. He has extensive oil
and gas experience which will be beneficial to FCP in the next stage of its
development. With the recent election of our other new directors FCP has the
relevant Board experience to help it achieve its ambitious objectives as it
moves from a pure exploration to a leading exploration and production


    Following last week's Annual Meeting, the Board of FCP is comprised as

        Richard G. Anderson     FCP's President & Chief Executive Officer

        Charles J. Pitman       retired oil and gas executive, former
                                Regional President, Middle
                                East/Caspian/Egypt/India of BP Amoco Plc and
                                former Chairman and President of Amoco
                                Eurasia Petroleum Company

        Alastair J. Beardsall   Chairman of Emerald Energy Plc, a UK oil and
                                gas company

        Keith N. Henry          retired oil and gas executive, former CEO of
                                Kvaerner Engineering and Construction Ltd.,
                                former Chief Executive of National Power Plc
                                and former Chief Executive of Brown & Root

        Shane P. O'Leary        FCP's Chief Operating Officer

        Darryl J. Raymaker      counsel at the law firm of McNally Cuming

        Yuri K. Shafranik       Chairman and Executive of SoyuzNefteGas and
                                former Energy Minister of Russia

        John A. van der Welle   FCP's Finance Director and Chief Financial

        E. Nick Zana            retired oil and gas executive, former
                                Chairman and Chief Executive Officer of
                                Nelson Resources Limited, former President of
                                Chevron Petroleum Technology Company and
                                former Managing Director of Chevron Eurasia
                                Business Unit

    This news release includes statements about expected future events and
financial results that are forward looking in nature and subject to risks and
uncertainties. First Calgary Petroleums Ltd. cautions that actual performance
may be affected by a number of factors, many of which are beyond its control.
Future events and results may vary substantially from what First Calgary
Petroleums Ltd. currently foresees.

For further information:

For further information: contact First Calgary Petroleums. Ltd; Richard
G. Anderson, President and CEO, Tel: (403) 264-6697; John van der Welle,
Finance Director and CFO, Tel: +44 (0) 20 3159 4010; Other Contacts: James
Henderson, Pelham Public Relations, Tel: +44 (0) 20 7743 6673; Carina Corbett,
4C - Burvale Limited, Tel: +44 (0) 20 7559 6710; Nominated Adviser: John
Wilkes, David Nabarro, Nabarro Wells & Co. Limited, Tel + 44 (0) 20 7710 7400

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