Key people Shane O'Leary Headquarters Calgary Number of employees 64 (2008) | Website www.fcpl.ca Founded 1949 | |
Industry Oil & Gas Drilling & Exploration | ||
First Calgary Petroleums Ltd. is a Calgary, Alberta based oil and gas company engaged in the exploration for and development and production of petroleum and natural gas in North Africa and the Middle East. It has no domestic holdings. In September, 2005, the company announced that it had a plan in place to move towards production wells in Algeria, driving the share price upwards.
Common shares of First Calgary Petroleums Ltd. trade on the Alternative Investments Market (AIM) market of the London Stock Exchange under the symbol FPL and on the Toronto Stock Exchange under the symbol FCP.
FCP’s management and technical teams include proven oil and gas finders, with extensive international experience. Management’s goal is to acquire and develop high-impact projects that have the potential to be world-class in size. Strategic drilling activity on well-positioned blocks in Algeria provides the basis for near-term growth.
On November 21, 2008, ENI S.p.A. completed its acquisition of First Calgary for $923 million in Canadian funds, giving Italy's ENI group better access to reserves under First Calgary's control in Algeria.