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.

http://www.proactiveinvestors.co.uk/articles/article.php?FTO

Fortune Oil: Plenty of deals and not much joy for lots of investors

By: Ian Mclelland

Article Date: 29th June 2007

Market: LSE The recent surge in Chinese companies listing in London is something of a new phenomenon for most investors. The majority of these new companies are being brought to us via specialist financial institutions who scour the Chinese landscape looking for businesses that can stand up to the scrutiny of western investors. No model..........................................................full write up on the link.

Surprised not to see more SP activity following the recent announcement.

Very surprised this ones standing still

hello everyone,
i think that to break that 6p share price we will need a big buy from a big guys here , because there is to many profit taken about 5-6p share price.
i was looking the chart today and i think that we will continuos chaneling for a long time around this price, i can see a new hand a cup started again wich is not really good for the company ,to reach 7p is going to be hard but we will do it, i like this company. for penny share price they trade a lot.and they really deserve a better volume. thank you
and i hope hear from you, i wish you good traiding days

i want to post my chart but i dont know how to do it in this web

interim results due this month,they may effect sp.

what are you tryng to say with this(interim results due this month) cwman?????????because i haven`t seen any new about this company

hello richard70 go onto fortune oil website

http://www.fortune-oil.com/en_us/financial_calendar.htm

ok cwman thank you very much

As expected solid step by step development fairs well for the future.

Investors favourite, Fortune OIL (LSE: FTO), the UK listed, Hong Kong based oil and gas provider, today confirmed a doubling of LNG output from its Henan, China, based plant, a JV venture, named Henan Fortune Green Energy. (FTO 51%)

The increase in production is a direct result of FTO investing 4.7 million, as recently as June 2007, in return for a 51% stake in the Henan LNG and CNG business, which had been struggling to increase output due to limited inlet compression capacity.

Following the installation of the new compressors, the plant has been fully tested running at the maximum design rate of 150,000 cubic metres per day of LNG, which would produce annual revenue of 8.500, 000 at current Chinese LPG prices.

FTO is supplied by Sinopec, who have recently made further discoveries in their Zhongyuan Field, ensuring they can fulfil their supply contracts with FTO.

So where the hell's the share price surge then?

Fortune Oil is making an initial investment of 1.4 mln stg to buy a 50 pct interest in the coal bed methane joint venture company China United Shanxi CBM Company Ltd with Shanxi government and China United Coalbed Methane Corp Ltd.

The Hong Kong-based group, which invests and manages oil and gas infrastructure projects, said it will fund this investment from its term loan facility and that it will hold a combined 50 pct stake in the joint venture. Fortune Oil said it expects the joint venture to be earnings enhancing from 2008.

Yep! and still the share price doesn`t move.

Relax, at least the price hasn't fallen like so many companies recently. Fortune, will pick up.

Interim results out Monday 24th September 2007.

interim results
eps per share grew by 80% etc!!!
excellent set of results.
should effect sp.

Excellent news as expected and more. This ones progressing nicely and with the partnership with the chinese government going very well this could be another (griffin gfm) chinese small cap success story.

Griffin were miners though, see your point though in relation to foreign sucess in China...