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?

about time too--at least this co. is making profits !

hellos traders
I was looking the 5 and 10 year charts trying to see a big picture and from the technical analysis it look ok because the sector is trading up but fto is doing a head and shoulder in a bad position, "we are in summer time" and lot of sector will need oil so the price could go up, is everything go well it could reach 7 or 8 p, OP can not control de prices any more.
we saw almost 60 dolares a barrel a few month a go , it is bad but is good for us .so we need lot of people buying and buying shares in this company.blue and blue and blue.
i dont see a 50p a share price in a short term .but could happen. i woul like to hear from you traders.
RICHARD

moneyplus are you here?

Yes--still waiting for the price to rise!! cheers MP

Ms ching li, Director bought 4,405,150 shares @ 6.75p on 15th June.

Yes a very nice director buy ! AGM this week too.

Fortune Oil PLC
20 June 2005


FORTUNE OIL PLC

NOTIFICATION OF DIRECTOR'S DEALING

Fortune Oil PLC (the 'Company') was notified today that on 15 June 2005, Ms
Ching Li, a director of the Company, purchased 4,405,150 ordinary shares of 1
pence each in the Company (representing 0.24% of the issued share capital) at a
price of 6.75 pence per share.

Ms Li now holds a total of 14,874,537 shares representing 0.81% of the issued
share capital of the Company.


20 June 2005

Enquiries:

ICIS Limited
Caroline Evans-Jones Tel: 020 7651 8688

Price increasing slighty ahead of tomorrows AGM, lets hope for good news.

Will the 50DMA prove to be a resistance point?

this has def gone dead this thread have you all bailed or died of boredom

Nothing like a couple of joint ventures would put this thread back on track.It is not the greatest company for newsflow.

Biffa18, still hanging on in here but there's not been much to comment on recently.

I'm still holding, but lack of newsflow means there's not too much to discuss.

MACD may be going positive, keep an eye on the chart above!

i see they have been playing with share price so someone could top up a few

i have held these shares for 5 years now,should have got out at 10p!!!!!

How many times i have said that only to get caught out as i did in ashtead bought 2000000 at 2.5 sold @8p and thought i did well which i did !! now over a quid what a bummer ,now hold 2mil of these and i am not selling !!
the director has topped up a few which is a healthy sign of sorts

ANy idea about the result? Can it be bad?

Looks like there is a large buy order to fill with good gains yesterday and today again so far. Results are due on around the 28th of September.

Is doing well today with the offer over 7p.

Link


CHINA PRESS:Sinopec,CNPC To Form JV;End Jet Fuel
Monopoly
Aug 04, 2005 - 21:07:30 HKT
Dow Jones Newswires
BEIJING (Dow Jones)--China Aviation Oil Holding Co., China Petroleum &
Chemical Corp., or Sinopec Group, and China National Petroleum Corp. will
set up a joint venture company this month that may end CAOHC's
monopoly of the aviation oil market, China Business News reports.
CAOHC will hold a 51% stake in the new joint venture company, while
Sinopec Group and CNPC will hold 29% and 20% respectively, CAOHC's
spokesman Bian Hui tells the paper.
CAOHC is the parent company of China Aviation Oil (Singapore) Corp.
(C47.SG). Sinopec Group is the parent company of Sinopec Corp.(SNP),
while CNPC is the parent company of PetroChina Co. (PTR)
Sinopec Group and CNPC also plan to team up with China Ocean Aviation
Group Inc. to set up an aviation oil joint venture.
China Ocean Aviation is a state-owned enterprise and has a wide range of
businesses that cover ocean and air transportation and engineering.
The three parties have submitted a primary proposal to the General
Administration of Civil Aviation of China for approval.
Once the proposal is approved, the three parties will come up with a
working plan on how to form the joint venture, the paper reports.
Currently, the supply of jet fuel and jet fuel storage facilities in China are
fully controlled by CAOHC, the paper reports.

This could change things very positively for Fortune Oil and the market seems to like the news as FTO is going up again.