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.

What the hell has happened here...?...this is more and more bonkers....

DONT KNOW,BOUGHT SOME@6.48

NON-EXEC DIRECTOR BOUGHT 136552 SHARES @7.25

FTO. SEES STRONG GROWTH.INTERIM STATEMENT

from Fortune Oil Financial Calendar
2010 Half Year Report
end August 2010....?

Looking forward to this one.Rumoured tomorrow?

So am i,bought more over the past few months.

CW.I have a strong hunch we will be in for a pleasant surprisegood luck..

RNS Number : 6439R
Fortune Oil PLC
26 August 2010

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26 AUGUST 2010
FORTUNE OIL PLC
("Fortune Oil", "the Company" or "the Group")

Half Year Report for 6 months ended 30 June 2010

Fortune Oil invests in and manages oil and gas supply and infrastructure
projects in China. Fortune Oil is quoted on the official list of the London
Stock Exchange and has its headquarters in Hong Kong.

FINANCIAL HIGHLIGHTS

� Strong increase in revenues, including the Group's share of jointly
controlled entities, up 21% to GBP222 million (H1 2009: GBP184 million).

� Group operating profit increased by 45% to GBP10.6 million (H1 2009
GBP7.3 million).

� Group profit before tax up 69% to GBP9.5 million (H1 2009 GBP5.6
million).

� Profits attributable to equity shareholders increased by 134% to GBP4.5
million (H1 2009: GBP1.9 million).

� Earnings per share more than doubled to 0.24 pence compared with 0.10
pence in H1 2009.

� Net cash position up 54% to GBP4.7 million as at 30 June 2010 (H1 2009
GBP3 million) with total Group cash balance up 14% GBP60.5 million (H1 2009:
GBP52.9 million).

OPERATIONAL HIGHLIGHTS

� Natural gas sales in H1 increased by 32% to 298 million cubic metres and
development of an integrated gas business remains on track.

� The Liulin coal bed methane ("CBM") block is making good progress as a
State Pilot Project, and the production sharing contract exploration period was
extended to March 2012.

� Sales volume at Bluesky rose by 13% to 1.1 million tonnes.

� Revenues and profit increased by 22% and 38%, respectively, in the West
Zhuhai Products Terminal where the utilization by Petrochina has increased quite
significantly.

� Revenues increased at the Maoming Single Point Mooring ("Maoming SPM") as
throughput increased by 3%.

Mr Qian Benyuan, Chairman of Fortune Oil, commented:

"I am delighted to report on the significant progress made by Fortune Oil's in
the first half of 2010 building on the record performance achieved in 2009.
Our natural gas business maintained momentum and continues to provide the engine
of growth for the business.

"Fortune Oil is uniquely placed given its portfolio of assets, strong local
relationships and geographical footprint in China, now the world's largest
energy consumer. Building on our track record, skill set and through joint
ventures we are focused on growing the business, increasing our market share in
China, and delivering shareholder value."

Looking better all the time,cracking report!!

Well I think I can safely say a tremendous set of results all the financials strong no matter how many times you read it nothing negative"I am delighted to report on the significant progress made by Fortune Oil's in the first half of 2010 building on the record performance achieved in 2009..
I dont do SP predictionsbut I have money on the side if these figures are not recognised in the markethoping for a very strong day!

Goob luck tobasco!!

Best results yet and I've been aboard on and off since the mid 90's.
Perhaps a divi soon?

Not a bad start my friends+9%imo this will only be going one way in the coming weeks.overlooked in a big wayand a little nugget

RNS Number : 9406R
Fortune Oil PLC
01 September 2010

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1 September 2010

FORTUNE OIL PLC
("Fortune Oil" or the "Company")

Acquisition of Natural Gas and Liquid Natural Gas Businesses

Fortune Oil is pleased to announce that it has entered into an agreement with
Everthriving Investment Group ("Everthriving Investment") to acquire 65% of the
share capital of 3 of its subsidiaries. Everthriving Investment is a privately
owned Chinese LNG and Natural Gas business.

The total consideration payable for all 3 subsidiaries is an estimated initial
payment of RMB 104.6 million (GBP9.71 million) and deferred payment of RMB 50
million (GBP4.64 million). One of the subsidiaries made a net profit of RMB
23.1 million (GBP2.14 million) on turnover of RMB 40.1 million (GBP3.72 million)
in its last financial year.

The acquisitions will be effected via a newly incorporated wholly-owned
subsidiary, Fortune Gas Technology Co., Ltd, and will be funded from the
Company's existing resources.

These acquisitions represent a key development in the expansion of Fortune Oil's
natural gas business. Everthriving's subsidiary businesses provide the Company
with a broader portfolio of LNG refuelling facilities, increased LNG
transportation capabilities with the addition of 50 LNG trucks and improved
technical capabilities in natural gas processing.

This stock has very slowly moved in the right direction since a good half year report on 26 Augustthe volume and sp has noticeably been up since the Chairman stated "I am delighted to report on the significant progress made by Fortune Oil's in the first half of 2010 building on the record performance achieved in 2009.up a small 1% again todayimo could be a nice move for this stock before the end of year

RNS Number : 3078S
Fortune Oil PLC
08 September 2010

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8 September 2010

FORTUNE OIL PLC
("Fortune Oil" or the "Company")

First Gas Sales Agreement at Liulin Block

Highlights

� First Gas Sales Agreement ("GSA") at Liulin Block amounting to annual gross
sales of RMB 52.1 million (GBP5.01 million).

� The entire coal bed methane ("CBM") production (as outlined in the GSA)
from the Liulin Block will be resold at an attractive margin.

� Hunger for natural gas in Shanxi province is outpacing supply for each
client segment (e.g. Transportation, Residential and Commercial, etc).

� Validates decision to partner with China United Coal Bed Methane
Corporation ("CUCBM") and China United Shanxi CBM Company Limited ("Shanxi
CBM").

Fortune Oil is pleased to announce the signing of the first GSA for its Liulin
Block CBM. Fortune Oil, through its 85% subsidiary Fortune Gas Investment
Holdings Ltd, holds 65% of Fortune Liulin Gas Co Ltd. ("FLG"), which itself has
a 50% revenue sharing interest in the Liulin Block, the other 50% interest being
held by CUCBM. The remaining 35% interest in FLG is owned by Dart Energy
Limited.

The GSA signed between CUCBM, as the Chinese gas rights owner, and Shanxi CBM is
a 15-year agreement requiring Shanxi CBM to purchase 100,000 cubic meters per
day of CBM gas on a take-or-pay basis. The GSA applies to CBM gas sales
commencing 1 June 2011, with take-or-pay obligations commencing 1 June 2012. The
price is RMB 1.58 per cubic meter including recently enacted Chinese government
subsidies (subject to annual escalation and review) which equates to
US$6.59/gigajoule. A full years' supply, assuming no escalation, at the minimum
volume level would equate to gross sales of RMB 52.1 million (GBP5.01 million).

The gas produced from the Liulin block will be purchased and then resold to
market, at a significant premium, by Shanxi CBM. Fortune Oil has a 50% equity
interest in Shanxi CBM held through two subsidiaries of Fortune Gas Investment
Holdings Ltd, Fortune Gas Investment Co. Ltd and Beijing Fu Hua Green Energy
Technical Co. Ltd. Shanxi CBM is mandated by the Shanxi central and provincial
governments to market CBM for local (i.e. Shanxi province) consumption.

The CBM from the Liulin Block will be utilised in a variety of natural gas
markets across Shanxi province. The demand in Shanxi province for clean burning
and low carbon natural gas continues to expand rapidly in all of the major
energy sectors including power generation, as a transportation fuel, and for
residential use.

The Liulin Block covers 198km2 and is located 35 km from Luliang and 500 km
south-west of Beijing within the south-east Ordos Basin in Shanxi Province. The
project currently has certified 3P reserves of 89 petajoules and is designated a
State Special Pilot Project enabling the acceleration of the exploration and
development programme. The development plan for the Liulin Block consists of 176
production wells targeting three coal seams with high gas content and
saturations.

Mr. Qian Benyuan, Chairman of Fortune Oil, commented:

"We are extremely pleased to have brought the Liulin CBM project to initial
commercial operations. This is a significant milestone towards monetizing the
full value of Liulin CBM for our shareholders. Through this GSA we now have
achieved end-to-end gas from production to consumption - fully integrating our
CBM business. We look forward to building additional CBM volume to meet the
increasing demand of "clean energy" in Shanxi province. The positive long term
relationships which we have forged with our partners CUCBM and Shanxi CBM has
made this achievement possible."

Could be a move up today!!

Good start to the week

At long last a bit of a breakout.....been waiting for ages for this....

8.25 next pause,before onward and upward.