SOURCE: First Petroleum and Pipeline Inc.

August 05, 2005 15:08 ET

First Petroleum & Pipeline Announces Stock Split

NEW YORK, NY -- (MARKET WIRE) -- August 5, 2005 -- First Petroleum & Pipeline Inc. (OTC: FPPL) announces that the Board of Directors of First Petroleum Inc. has passed a resolution on July 22nd, 2005, to authorize a 5 for 1 forward split with an effective payable date of Monday, August 15, 2005. The date of record will be August 10, 2005.

First Petroleum & Pipeline also announces that it was able to secure the rights to three of four federal leases in New Mexico. As a result, First Petroleum & Pipeline confirms the legal ownership to three Federal Oil & Gas leases in New Mexico instead of four as previously announced.

New Mexico Oil & Gas

New Mexico has proven crude oil reserves of 677 million barrels (2003); ranked 4th out of all U.S. States, with crude oil production toping 181 thousand barrels per day (2003), ranked 5th. The state also has over 28,000 producing oil wells.

About First Petroleum & Pipeline

First Petroleum (FPPL) is a growing oil and gas company actively engaged in acquisition and development of oil and gas properties in New Mexico and other U.S Midwest States. First Petroleum & Pipeline Inc. is a public company located in New York City and trades under the symbol of FPPL.

Safe Harbor for forward-looking statements

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which First Petroleum & Pipeline Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. First Petroleum & Pipeline Inc. expressly disclaims any obligation to update the statements contained in this release.

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