FCP Says Algeria's minister concerned over anderson's removal

FCP Says Algeria's Minister 'Concerned' Over Anderson's Removal

04-07-2008

First Calgary Petroleums Ltd. said the Minister of Energy and Mines of Algeria has expressed his 'concerns' over recent public developments and the proposed board changes at the company, in particular the possible removal of chief executive and president Richard Anderson.

Dissident shareholders Waterford Finance & Investment Ltd and Midocean Holdings Ltd have proposed resolutions to amend the company bylaws and remove Anderson, scheduled to be voted on at an EGM Tuesday April 8-2008.

In a letter to the oil and gas company published by First Calgary on Monday, the Algerian minister, Dr Chakib Khelil, said that any delays to the development of the MLE oil and gas project would be 'harmful' to the relationship between Algeria's state-run Sonatrach and First Calgary Petroleums.

Khelil added that he 'would look negatively at any changes at this critical time,' according to the letter.

First Calgary is urging shareholders to reject the proposals to remove Anderson.

A letter from The Minister of Energy and Mines of Algeria, Dr. Chakib Khelil, addressed to Mr. Garfield Emerson, Chairman of the board of directors of FCP. The letter states:

"Dear Mr. Emerson,

I am deeply concerned about the recent public developments and proposed

board changes at FCP, in particular the removal of Mr. Anderson. I value

the work done by the Sonatrach and FCP management teams and would look

negatively at any changes at this critical time. Any delays to the

development of the project would be harmful to the Sonatrach FCP

relationship.

Sincerely yours,

The Ministry of Energy and Mines

Dr. Chakib Khelil"

First Calgary Petroleums Ltd. is an oil and gas company actively engaged in international 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).