This is an another money maker -trading in high volumes -not yet started the race -But once moving ahead there is no chance of picking up this tiddler.Join together to enjoy the instant wealth

I agree with you `Bash`. multi-bagger in medium term!
also keep an eye on DES (desire petrol`m).
good luck etc
martin

Disposal now worth 49.8 million- but share price going south ?

Some good news ....
Regards John
--------------------------------------------------------------------------------
LONDON (AFX) -
Fortune Oil PLC's shareholders will get an unexpected
windfall if the company's planned sale of Fortune Aviation Holding Ltd to China
Aviation Oil (Singapore) Corp Ltd goes ahead.
Fortune said on Feb 5 that it will hold anextraordinary general meeting to
approve the deal on April 19.

Since that date the value of the cash and shares deal has increased as the
value of CAO's shares have jumped 67 pct.

The share portion of the purchase price has consequently risen from about
17.6 mln stg to about 29.5 mln stg and the overall value of the deal has
increased from about 31.8 mln stg to about 49.8 mln stg.
newsdesk@afxnews.com
jc
--------------------------------------------------------------------------------

RP,

good spot, and that deal is starting to look more and more interesting!

that mean the value of FTO will double soon.

Being new to the world of buying and selling shares what does the above really mean in share price terms. I brought into these some months ago and am still holding for FTO's next move.

have held fortune oil for many years, should i buy sell or hold.

do anyone know what expected gain for?

ttt

Fortune Oil PLC
19 April 2004



19 APRIL 2004

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

RESULT OF EXTRAORDINARY GENERAL MEETING

NOTICE OF PRELIMINARY RESULTS

Fortune Oil is pleased to announce that at an Extraordinary General Meeting held today, the ordinary resolution to approve the proposed disposal (the 'Disposal')of Fortune Aviation Holding Limited, which owns a 24.5 per cent. interest in South China Bluesky Aviation Oil Co., Limited, to China Aviation Oil (Singapore)Corporation Ltd ('CAO') was duly passed.

Completion of the disposal will take place as set out in Part III of the
circular to shareholders dated 2 April 2004.

Fortune Oil intends to announce its preliminary results for the year ended 31
December 2003 on 28 April 2004.

ENQUIRIES:

Fortune Oil PLC Tel: 020 7589 2233 (UK)
Bruce McGowan - Executive Vice Chairman Tel: 00 852 2583 3113 (Hong Kong)
John Pexton - Deputy Chief Executive

Oriel Securities Limited Tel: 020 7710 7600
Simon Bragg
Natalie Fortescue

ICIS Limited Tel: 020 7628 1114
Archie Berens or 07802 442 486




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

ANDY,
I need to know where you got the chart you posted on the 24th Feb as it seems to have predicted very accurately the following 6 weeks trading, or have you edited it? if not everyone needs that info ?!?

On a more realistic note it seems to my uneducated eye that this chart appears to be developing a healthy support level @ 7p any views from the chart experts?

Stormcaller,

that chart automatically updates daily.

It is form a free website,

www.bigcharts.com

They have information from all major world markets, and you don't need to register, although it pays to "save" the settings you choose, so that when you return to the site from the same PC, they are automatically ready for you.

You have to prefix the country code, then the epic, so Fortune oil is UK:FTO, and Nuevo Energy Co., on the US market would be US:NEV.

hope this helps, but if you need any furthr info, will be pleased to help.


With regard to the current FTO chart, I agree support does seem to be developing at 7p.

ANDY,
That's very useful info, and thank you for very prompt reply,

Regards
SC

Fortune Oil has a potential to reach 12p in end of summer, 2004

result comming out this comming week

Y all the dumping on Fri, or is Fri dumping day in general?

Result coming out on 28/04/2004. It is most definitive to be positive news. Buy at 7p. It is bound to go higher.

a good set of results should see it feature in shares mag again i think .good news and coverage should push price up again . 10, 12p very possible .

starting to rise now in anticipation of a good set of figures tomorrow . i think there could be more rises tomorrow too.

Well said, Bosley! Fortune Oil will be on the run tomorrow when the result comes out. It is undervalued and 7p is a buy. Target would be 12-15p. It is cash-rich.