Take a look at FCGCF this not much room to run but you better be quick unless they up the anty..
Eni to pay $877 million for First Calgary
4:05a ET September 8, 2008 (MarketWatch)
LONDON (MarketWatch) -- Italy's Eni said it's going to buy First Calgary Petroleums Ltd. , a Calgary-based oil explorer active in Algeria, for C$923 million ($877 million), or C$3.60 a share. Eni estimates that the acquisition will increase its reserves by approximately 190 million barrels of oil equivalent within its Algerian asset portfolio. Production start-up is expected in 2011 with a plateau of Eni's share of production of approximately 30,000 barrels of oil a day by 2012.
