ERHC Energy Inc (ERHE)

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Case Study of Calgary Petroleum Company on AIM...Maybe ADAX is next?
Brez

International AIM company profile: First Calgary Petroleum Ltd

First Calgary Petroleums is a Calgary-based oil and gas company actively engaged in exploration and development activities internationally. The Company’s main areas of operation include North Africa and the Middle East. The management’s goal is to acquire and develop high-impact projects which have world-class potential, and to build First Calgary Petroleum into an international oil and gas company.

The Company has been listed on the Toronto Stock Exchange since 1979, and was admitted to AIM on July 30, 2002. There were a number of reasons for the Company’s decision to join AIM, including raising funds to finance the exploration and development of sites, obtaining working capital as well as to broaden the shareholder base and increase the Company’s market exposure, and to maximise shareholder value. Joining AIM supports the TSX listing and provides First Calgary with excellent exposure to a significantly larger capital market in the UK and Europe.

Richard Anderson, CEO of First Calgary, said, “I believe that the TSX and AIM are two markets that will complement one another. We operate internationally in North Africa and the Middle East and the European investment community has a greater understanding of these regions than North American investors.”

The Company raised CAD$25 million upon admission to AIM, and since then, they have seen 30% of their liquidity go through London, demonstrating the appetite from investors for companies with a similar story to First Calgary.

Common shares of First Calgary Petroleums trade on the London Stock Exchange under the symbol FPL and on the Toronto Stock Exchange under the symbol FCP.

Facts & Figures
Company: First Calgary Petroleums Ltd.
Location: Calgary, Canada
Markets: AIM (FPL) and TSX (FCP)
Date of admission: 30 July 2002
Market Value 28 Feb 2003: £166.62m

Brez

http://www.londonstockexchange.com/en-gb/products/companyservices/joiningbeingonmarket/ukcompanyserv...