profits ahead of last years.the company has 80% interest in a joint venture with china national petroleum corp(cnpc).market makers bought a lot of stock on friday followed by big buys on monday.profit taking on tues am then buyers back in pm.any views?

Agree heading through 8p barrier.

we have been waiting for to long ???????????????i beleive that it aint going to happen?????? if it was good it would of happen by now!!!!!

Llewelyn,

Another frustrating day for FTO holders!

I do feel that IF we can breach 8p, 10p will come quickly, as all the 8p sellers will be out, and that is a considerable overhang from years ago IMHO.

looking weak last 10 days. could do with some news!

Has anyone asked the company what is happening with the blue sky deal? Or are they hoping we have forgotten about it. That tying up should shove this past the 10p mark and maybe we could get some momentum going.

maybe i should get out has i brought at 1.75p????????????

not if you only bought 5 shares Llew

i brought 55,000 at 1.75p???? i think i should get out now???????????????????

After 5 months waiting for this "windfall", I got fed up waiting! I Sold my holding of 17000 today for a tiny profit. Best of luck to all who have greater patience than myself.

llew,
sell 15k and make a nominal profit. you are then playing with somebody else`s money!!

llew,
sell 15k and make a nominal profit. you are then playing with somebody else`s money!!

llew,
sell 15k and make a nominal profit. you are then playing with somebody else`s money!!

i think snakey you are right however i have invested 37 k in the stock market and have not made any gains apart from fortune oil ??????????????? my guess is that if i hold on abit longer ,i might make some real profit with this company has i am down most of my investment??????????????????????????

Flippin heck Llewellyn, who's giving you tips? Numpies-R-Us???!!!

The last couple of months there's been some absolutely cracking punts. We've all got disaster stories and shares that we hang onto until way beyond the point of reason, but you learn by your mistakes and hopefully get better at it.....

I've held these for months and months, topping up along the way, and it does seem a purgatorial wait at the mo for it to break through the 8p barrier. But I'm holding my nerve unless it breaks down decisively at which point I'll probably sell half to protect my original stake, and await further developments.

If you don't mind me askin, what other shares are you in? I'm a bit baffled as to how you are only up with one share out of your portfolio......
;(

llew, if you sell some now and keep 40k, you can never lose on this one as it ain`t your money.play the sensible game,either make free shares when they rise, as is the way with some stock, or cash some in and hold the rest for nothing.
there are no guarantees in this business, so capitalise whenever you can.
good luck etc

Emailed FTO yesterday regarding bluesky deal, response was typically ambiguous and reflective of lengthy bureaucratic analysis by chinese govt.-
'We regret that the exact timing of the consideration of the authorities in
Beijing is beyond our control and impossible to forecast. We will make
announcements when significant news is obtained.

Regards
Fortune Oil PLC '

Well we're obviously looking way into 2005 if not beyond. If there was anything remotely imminent the message would have had a more optimistic tone. If they are now waiting for news, rather than completion it may never happen.

Has anyone else read the recent news on the Bluesky deal. Its under EPIC FTO dated 30/11/2004.

Not sure how it sounds!!!!!!

well i think price went up one spot on the news so i think it was taken as a resounding ...ok i suppose

Will,

Well we're back to the 8p strong resistance point again!

It will be interesting to see whether we retrace as has consistently happened when we reach this point, or whether we can finally breach 8p, in which case that would indicate to me the overhang of sellers at the 8p level is finally over.