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Gold/Mining/Energy : First Calgary Petroleums, Ltd (FCP.T) -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (547)	3/11/2005 7:26:33 PM
From: timester	Read Replies (2) \| Respond to of 603

Interesting that with the date of the drilling early in April that would mean that the drill would begin drilling while the process was still ongoing. Early in april - 30 days or less from now and the process taking 45 days. It does not say 45 days from this news release so it could mean from when the process started but I would lean toward from this News Release. This seems to be contrary to the rumour that there would be no drilling while the negotiations are underway. The other interpretation is that this could be the beginning of negotiations which will go on further on into the summer or it also puts some weight to the option that 406a might get broken off the sale and only the 405a lease would be sold. This would in fact create a very cash rich company with a lease that could be producing within 12 months