Main Web Site : http://www.fortune-oil.com/

CBM Partner Web site : http://www.molopo.com.au

IC Write Up : 21st Apr 2006 IC Write Up

Last Major News : 18th Apr 2006 Coal Bed Methane Project

Prelims : 27th Apr 2006 Prelim Results Link

Latest Broker Forecasts : Oriel 7th April 2006 BUY

Prelim Results and Further Updates due around 25th to 27th April 06

ABOUT FORTUNE OIL

For over a decade Fortune Oil PLC has focused on investments and operations in oil & gas infrastructure projects in China and remains one of the few overseas companies operating oil terminals and supplying natural gas in China, all in partnership with the countrys largest oil & gas companies
Fortune Oil PLC is incorporated in England and Wales and is subject to UK Listing Rules and compliance regulations. The largest shareholders are First Level Holdings Limited, Vitol and major Chinese state-owned corporations.

NATURAL GAS :




China will be the world's largest growth market for natural gas as supplies of this clean and economically attractive fuel become more accessible. Fortune Oil's investments in natural gas are principally through Fu Hua, a joint venture with a PetroChina affiliate, which on-sells gas from the pipelines supplying Beijing. In north China Fortune Oil controls and operates distribution pipelines and city gas reticulation systems as well as facilities to produce and transport Compressed Natural Gas (CNG).
Fortune Oil is now one of the leading providers of CNG in Beijing, providing clean fuel for buses, households and factories. In October 2004 Fortune Oil also became the first overseas company to supply LNG (Liquefied Natural Gas) to users in China, delivering LNG by road to the ancient city of Qufu, the home of Chinese philosophy.

OIL TERMINALS :
Maoming SPM

Fortune Oil established the Maoming Single Point Mooring (SPM) in December 1994 to supply crude oil to Sinopecs Maoming refinery, the largest in southern China. The SPM now delivers 10% of Chinas crude oil imports. It allows VLCCs (Very Large Crude Carriers) of up to 280,000 tonnes to moor and deliver crude oil via a 15 km sub-sea pipeline. The SPM is owned and operated by a joint venture company, Maoming King Ming Petroleum Company Limited, and the other main shareholder is Sinopec Maoming Petrochemical Corporation.
The SPM buoy is commonly used throughout the world for loading and unloading liquids but the Maoming SPM remains the only buoy system in China used for importing crude oil. Fortune Oil believes that the SPM concept is a cost-effective solution for importing crude oil into China as many ports are shallow and will become more congested as demand increases. The only alternative to a buoy system in many ports is to dredge channels for large tankers. The SPM has provided significant cost savings to the Maoming refinery through its low operating costs and VLCC capability.

Products Terminals

The oil products market in China is in the process of deregulation and this will allow a larger role for foreign companies in the import and distribution of refined products. Fortune Oil remains one of the few foreign companies with interests in products terminals.
Fortune Oil and Vitol jointly developed the West Zhuhai Oil Products Terminal at the western entrance of the Pearl River Delta. These facilities came on stream in 1998 and comprise 240,000 cubic metres storage and jetties for receiving and distributing refined products. It is one of the few products terminals in south China able to handle 80,000 dwt ocean-going tankers. A controlling stake was sold to PetroChina which uses the terminal for supply of diesel to south China.
In addition Fortune Oil controls a LPG terminal and supply business (Fu Duo), which has 80,000 customers in Zhanjiang city, and owns storage facilities in Shantou. Prior to the restructuring of the China oil industry in the late 1990s, Fortune Oil was also a major participant in the gasoline retail market and in oil trading. We continue to operate two gasoline stations in Beijing but our trading activities are limited to low-risk domestic trading.

Blue Sky Aviation Oil

The South China Bluesky Aviation Oil Company owns and operates the refuelling infrastructure at 15 airports in south China. These include Wuhan, Guilin and the new Guangzhou Baiyun International Airport. Fortune Oil and BP each hold 24.5% of the joint venture and Beijing-based China Aviation Oil Supply Corporation (CAOSC) holds 51%. The consumption of jet fuel in China is rising significantly, particularly at Guangzhou because of pent-up demand in the Pearl River Delta.
The new Guangzhou airport was opened in August 2004. The construction cost was US$2.3 billion and it is almost four times the size of the old airport in downtown Guangzhou. The new airport is capable of handling 25 million passengers and 1 million tonnes of cargo per year and ranks number three for aviation fuel sales in mainland China.

F.T.O. Sp ,good day today.

Yes.
We await news from the take over panel now and then the general meeting..
It's not yet conclusively in the uptrend but it is getting closer and it needs some volume but news is still awaited about a few things...

The sp is been fueled up for a strong rise, I think...

Premier Energy and Water Trust plc has 4.7% holding in Fortune Oil per statement issued
yesterday.

Interesting equity investment trust with market cap of c £ 28m and quoted in London
( PEW.L)

Premier Energy and Water Trust PLC announces that at close of business on 31
August 2013 its ten largest investments were as follows:

% of total assets

OPG Power Ventures 5.6
China Everbright Intl. 5.6
Fortune Oil 4.7
China Suntien Green Energy 4.6
Qatar Electricity & Water Co. 4.0
Ecofin Water & Power Conv 6.00%** 3.9
National Grid 3.8
Enersis 3.7
GDF Suez 3.7
Essar Energy PLC* 3.5

* Holding in both convertible bond and equity
** Holding in convertible bonds

At close of business on 31 August 2013 the total net assets of Premier Energy
and Water Trust PLC amounted to £66 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity 42.4 %
Multi Utilities 24.6 %
Water & Waste 11.7 %
Gas 11.5 %
Cash/Net Current Assets 3.3 %
Renewable Energy 5.6 %
Infrastructure 0.9 %

Total 100.0 %


Geographical Allocation:

Europe (excluding UK) 9.9 %
China 26.0 %
North America 7.8 %
Global 7.6 %
Asia (excluding China) 15.4 %
United Kingdom 14.1 %
Latin America 8.8 %
Cash/Net Current Assets 3.3 %
Australasia 1.1 %
Eastern Europe 2.0 %
Middle East 4.0 %

Was wondering who was doing the mopping up recently..
Makes sense as the sp was hitting resistance at 8.80p on the bid and has now quickly moved up into the bid been north of 9p today for trades.
Some decent bids today not met cause the bid price is to low, so no volume until it is raised now.

9p looks like it is the new battle ground but without volume cant be sure.
About a year ago it bounced nearly 4 times from a then support level at 9p...
It is going to be tempting for some bulls in this stock as any move above 9p with conviction, could see us back in double figures with surplus stock now taken out of the market...
I am now convinced that it is topping up time... Just need a volume push to get decent stock below 9.30p....
GLA...

Traders are back interested and looking for stock now that AGM date is set...

Very late buying gone through @ 9.40p...the highest for quite some time..
Daniel Chiu apparently is in town for some broker meetings and we got a positive write up in the Times today....

says it all .....

Never been a long term holder as per your chart above..
More trade and current chart suits me..

i merely observed :-)

I agree with the observation you make by the way..
Think it has been a rotten investment long term (over a year and more?)
And have to admit to been a little confused by the statement about improving liquidity whilst increasing stake from 40% to near 56%...
How?

Ruth - you've been a member long enough to know my views on chinese stocks ..... i see no reason to change that

But yet, your still in here...aren't you?
Or did you sell all?

i don't think i have ever held these .... it's just one of those strange little stocks that i notice every so often, probably because someone keeps touting them (not you!)

Needs volume to improve...
Very thin bid/offers out there...

A good rise today.

Nice to be above 10p again......

http://www.digitallook.com. Fortune oil

Year Ending Revenue 31-Dec-13 (£m) 262.50
Pre-tax (£m) 40.25
EPS 1.31p
P/E 7.6
EPS 0.22p
Grth.+212%
Div Yield 2.2%