Middle East Economic Survey

VOL. XLVIII

No 31

1-August-2005

ALGERIA

First Calgary Announces Drilling Program

Canadas First Calgary Petroleums (FCP) on 26 July announced a drilling and operations schedule following its recent common shares financing worth some C$137mn ($111mn). FCP said it was in the process of moving to the RTN-1 exploration location on Block 406a with drilling expected to begin in August (MEES, 13 June). And drilling locations are being prepared for ZCH-2 on Block 406a and for...