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.

needs a consolidation really but moving up and volume up as well

good opening is it waking up at last!!!!

still going strong*****

not sure why tho

Biffa.... Robbie Burns aka The Naked Trader has bought in 100000 shares and also see RNS below
Fortune Oil PLC
25 October 2007

25 October 2007





FORTUNE OIL PLC

('Fortune Oil' or the 'Company')



NOTIFICATION OF TRANSACTION BY DIRECTOR



Fortune Oil has been notified today that a contract to acquire 1,701,205
ordinary 1p shares in the Company by Ms Li Ching, Chief Executive Officer has
become effective today, 25 October 2007. The acquisition price has been agreed
at a price of 6 pence per share and 1,701,205 shares represent 0.093% of the
issued share capital of Fortune Oil.



Following this purchase, Ms Li now has an interest in a total of 18,983,775
shares, representing 1.034% of the issued share capital of the Company, of which
1,300,000 shares are held in a nominee account and she has a beneficial
interest.



This notification is made in accordance with DTR 3.14R(1)(a) and (b).



Enquiries:

Fortune Oil PLC
John Pexton - Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong)

Pelham Public Relations Tel: 020 7743 6670 or 07802 442 486
Archie Berens








This information is provided by RNS
The company news service from the London Stock Exchange

Yes, the move should come.
I was expecting this to pass 10p a year ago. It should move fast after then.

I agree, been in ages now and the share has done pretty much nothing, the company is alot stronger than 18 months ago and share price should move quite quickly to represent that. Much a case of forgotton about, I don't think a consolidation would add any value whats so ever to existing shareholders. What we need is volume for this share to be noticed as an undervalued share..

A good start today onward and upward*****

tipped as a buy in money week on friday

Moving up again******

A LONG TERM INVESTMENT. OR IS IT.

No real sign of resistence yet, also tipped in the investors cronicle....

It seems to have comprehensively moved through 7p which has held it back for a couple of years now. If it can keep above this level for the rest of the week we could really see it motor.

Through the 7.2 resistance level onward and upward!!!!!!!!!

Big upwards spike already this morning. Might we see 8p before the day is out?

We will see 8 today its there now!!!!!!!whats the next high???

We will see 8 today its there now!!!!!!!whats the next high???

Nice to see FTO having a real good day

It's been a while coming - let's hope it can be maintained!

Good opening above 8 and rising*****