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.

Over 8% up, a good day,lots more to come.

Completion of Everthriving Acquisition

TIDMFTO

RNS Number : 0149X

Fortune Oil PLC

30 November 2010

30 November 2010

FORTUNE OIL PLC

("Fortune Oil" or the "Company")

Completion of Acquisition of Everthriving Energy Technology

Further to the update issued on 14 October 2010, Fortune Oil is pleased to announce that the Joint Venture Agreement, Joint Venture Articles of Association and Share Subscription Agreement between Fortune Oil and Everthriving Investment Group with regards to the subscription for 65% of the issued share capital of Beijing Everthriving Energy Technology Co., Ltd have been approved by the relevant Chinese authorities.

http://www.selftrade.co.uk/news-information/news.php?fullview=1&idNews=8964025&submit=

INTERVIEW-Fortune Oil says unique position could draw majorsWed 08/12/2010 16:57

* Presence across value chain in China is attraction-CEO

* To secure asset deal by end of Q1 2011

By Sarah Young

LONDON, Dec 8 (Reuters) - China-focused oil and gas firm Fortune Oil FOOI.L touted what it called its unique position in the world's largest energy consuming country and said it could attract the interest of oil majors.

"We are in all the value chain and this is something if, we're talking if, say Fortune Oil is for sale...I think Shell

RDSa.L , Total TOTF.PA would be very keen to get at this business," Chief Executive Tee Kiam Poon said in an interview with Reuters on Wednesday.

Fortune Oil is the only foreign integrated oil company - active in exploring for, producing and selling oil and gas - in China, said Poon.

It supplies aviation fuel in south China, is involved in a coal bed methane project in the north east, distributes gas via pipelines to northern cities and sells it at fuel stations.

"Any international oil company...would definitely like to be in jet fuel but China does not open up the market," said Poon, adding that Fortune Oil's licences give it exposure to parts of the value chain which oil majors cannot currently access.

AQUISITIVE

Fortune Oil will buy a stake in a resource asset in the first quarter of next year as it seeks to take advantage of surging demand for energy in China, said Poon.

The International Energy Agency said in October that China had passed the United States to become the world's biggest overall energy consumer. ID:nLDE69B0SN

"By first quarter next year, we anticipate announcing one deal," said Poon.

The company said in November it would look to acquire controlling interests in oil and gas, coal and mineral assets with close proximity to China and which are producing or near to production.

In addition to around 85 million pounds ($133 million) of cash on its balance sheet, Fortune Oil has an agreement with state-owned China Volant Industry Company to provide up to $1 billion of financing and Chinese equipment to help develop the assets in which Fortune Oil acquires stakes.

"We bring equipment, we bring Chinese financing, we are in a very unique position. Even though we are not [owned by the] Chinese government, we are similar," said Poon, who took on the role of chief executive in June and formerly spent 30 years at BP BP.L .

Shares in Fortune Oil were down 3.5 percent at 7.02 pence at 1607 GMT on Wednesday, valuing the company at 134 million pounds.

(Editing by Paul Sandle and David Cowell)

($1=.6371 Pound)

((sarah.young@thomsonreuters.com; +44 207 542 7717; Reuters Messaging: sarah.young.thomsonreuters@reuters.net))

I think you have to be a blind deaf dumb mute with extreme further learning disabilities not to pick up on this companyway way waywong price!!!!

Just have the patience until the move comes,i am sure it will be worth it.

This looks cheap.

Take a read of this Mitzy.

http://www.thisismoney.co.uk/investing/share-tips-and-fund-tips/article.html?in_article_id=519747&in_p

The price is nothing short of a jokeI am fully loaded!

Good luck tab.

The sp should be between 9 and 10p at least...only a matter of time before an upsurge...

Thats a bit of luck?

Was it something I said ?.....

Must be a takeover bid for such a surge....

10p...plus...wow....

Any news anybody...?...drilling come good..?...

****

RF.last 12 months of good newscheck my post 557.then take a look at this article
http://www.thisismoney.co.uk/investing/share-tips-and-fund-tips/article.html?in_article_id=519747&in_p
That's your starter...

auction

Lots of penny share punters buying following a sunday newspaper tip, judging by the purchase amounts. MM's know this so price is spiked higher (seen this hundreds of times). Lets see where it finishes the end of the week.

My bet it will be back around 8p.

hellsing001.Lots of people hope for that?

When your Chief Executive comes out with this....

"We are in all the value chain and this is something if, we're talking if, say Fortune Oil is for sale...I think Shell

RDSa.L , Total TOTF.PA would be very keen to get at this business," Chief Executive Tee Kiam Poon said in an interview with Reuters on Wednesday."