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.

NOTICE OF EGM.COMPANY MAY START PAYING DIVIDENDS ,SHOULD BE GOOD FOR
SP.LONG TERM.

FTO MOVING UP NICELY!!

CWMAM
About time.

12% rise and more to come. Expecting a bounce back with this one.

Fortune Oil PLC
24 May 2006


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

NOTIFICATION OF DIRECTOR'S DEALING


Fortune Oil was notified on 23 May 2006 that Mr Trevor Bedford, the Company's
Senior Non-Executive Director, purchased 222,000 Ordinary 1p shares ('Shares')
at a price of 6.1 pence per Share and 100,000 Shares at an average price 6.175
pence per Share. These Shares are held in the name of Rock Nominees Ltd.

Mr Bedford now has an interest in a total of 1,675,055 Shares, representing
0.09% of the issued share capital of the Company.


24 May 2006

STOCK PURCHASE
SENIOR NON EXEC PURCHACED 322,000 .SHARES. 24.5.06
HIS TOTAL HOLDING IS 1,675,055.

Director's dealings look good. Have they picked this as the bottom for FTO?

I THINK OUR MR.BEDFORD IS LOOKING FOR A JUICY DIVI .!!

6.1 and a bargain of a price at that. Maybe gas operations are moving quicker than expected or Fortune has increased orderbook due to China having increased demand. Either way and all in all organic growth for FTO is very good.

Fortune Oil PLC
21 June 2006



21 JUNE 2006



FORTUNE OIL PLC

('Fortune Oil' or the 'Company')

AGM Announcement



At the Annual General Meeting today Fortune Oil will detail its vision of
becoming a leading integrated gas company in China. Fortune Oil is already the
only international company marketing natural gas in Shanxi Province, which has
the largest reserves of coal and coal bed methane ('CBM') in China.



CUCBM, the government partner in the PSC, has approved the transfer of the
foreign contractor rights in the Liulin block CBM Production Sharing Contract
('PSC') to Fortune Liulin Gas Company Limited. We regard final approval by the
Ministry of Commerce as routine and should be completed very shortly. Acquiring
control of the Liulin block, with a potential plateau production of 0.5 billion
cubic metres per year, is a first step in developing a substantial upstream
capability. We are building a professional CBM team and actively seeking other
CBM opportunities in China.



As stated in the Company's 2005 Annual Report, tariffs for the Bluesky aviation
refuelling business have been adjusted from April 2006. These adjustments were
implemented by the General Administration of Civil Aviation of China ('CAAC') in
order to bring tariffs in line with international levels. The effect of the new
pricing regime, which reduces the average tariff by 10 per cent, is expected to
be more than compensated in 2006 by the growth in volume sales.



Under Bluesky's concession arrangements the Bluesky business normally procures
domestic jet fuel at domestic jet fuel prices to supply domestic flights, and
imports jet fuel at international prices to supply international flights. In
2005 the price of international jet fuel increased significantly above that of
domestic jet fuel and in late 2005 China also began to import more jet fuel to
supply domestic flights. As a result operating margins for the Bluesky business
have fallen in the first half of 2006 compared to the same period last year.
The Company believes that this is a temporary impact, particularly as the PRC
government has a stated intention to bring domestic prices in line with
international prices and the jet fuel price has already been increased twice in
the past three months. In addition we expect compensation by the government in
the form of VAT refund, as was already agreed by the government for the last
quarter in 2005.

Fortune Oil PLC
27 June 2006

27 JUNE 2006



FORTUNE OIL PLC



Awards under Long Term Incentive Plan (LTIP)



The Board of Fortune Oil PLC (the 'Company') is pleased to announce that in
respect of awards made under the Company's LTIP in June 2005 the following
Directors and the Persons Discharging Managerial Responsibility (PDMRs) have
received today the conditional right to receive the following numbers of
ordinary shares of 1p each in the capital of the Company ('Ordinary Shares').
The right to receive these shares is conditional inter alia upon the individual
remaining an employee of the Group for a period of at least two further years.


Name Position Number of Ordinary Shares

1. LI Ching Director 648,283
2. John PEXTON Director 551,716
3. Louisa HO Director 496,550
4. GONG Min Director 172,416
5. TIAN Jun PDMR 413,800
6. YE Qing PDMR 172,416
7. Sammy NG PDMR 186,200



These Ordinary Shares are currently held in the Company's Employee Benefit
Trust. For Companies Act purposes, the Directors of the Company are deemed to
have a beneficial interest in shares held by the Trust.





Awards of the annual bonus in shares for 2005



The Company is also pleased to announce that the following Directors and PDMRs
have received today the number of Ordinary Shares as an annual bonus in shares
from the Company's Employee Benefit Trust. The awards have been made in
accordance with the Company's Annual Bonus Scheme. The shares were awarded at
a price of 6 pence per share, the closing price of the shares on 26 June
2006.




Name Position Number of Ordinary Shares

1. LI Ching Director 108,033
2. John PEXTON Director 91,950
3. Louisa HO Director 82,750
4. GONG Min Director 57,466
5. TIAN Jun PDMR 68,966
6. YE Qing PDMR 57,466
7. Sammy NG PDMR 62,066









Directors/PDMRs Shareholding



As a result of the above awards, the interests in shares (excluding share
options and unvested incentive shares) of the following Directors and PDMRs in
the Company have increased to the following:



Name Total number of Percentage of Total number of shares Percentage of issue
shares held before issued class held post award class post award
the awards of the (beneficial and
annual bonus in non-beneficial
shares holdings)

1.LI Ching 16,174,537 0.88% 16,282,570 0.887%
2.John PEXTON 237,607 0.01% 329,557 0.018%
3. Louisa HO 0 0% 82,750 0.005%
4. GONG Min 0 0% 57,466 0.003%
5. TIAN Jun 0 0% 68,966 0.004%
6. YE Qing 0 0% 57,466 0.003%
7. Sammy NG 0 0% 62,066 0.003%



The Company was notified of these changes of interest in shares on 27 June 2006.




This announcement is intended to satisfy obligations under both the Disclosure
Rules 3.1.4R(1) and s.329 of the Companies Act 1985.





Enquiries:



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

Pelham Public Relations
Archie Berens Tel: 020 7743 6679 or 07802 442 486

Withso many companies investing in China, FTO should do well... imo

ahoj
With you on that I'm still on these.

OH NO////IDIDN, KNOW THAT YOU DRIVER WERE IN THESE//// IHOPE THIS TURNS OUT BETTER THEN THE LAST TIME YOU AND I. HAD THE SAME SHARE IE MEDDISYS only KIDDING//

Still on these also, growth in china alone should see FTO do well with increased revenue coming from imports. A medium to long play but exciting times were in even if the lack of news doesn't match the shake up in economy.

Wednesday July 5, 11:54 AM
Bank of China's shares soar 23 percent higher
http://uk.biz.yahoo.com//05072006/323/bank-china-s-shares-soar-23-percent-higher-mainland-debut.html

bristlelad
Don't remind me of mdy what a sell out.

ahoj
No wonder pcm went up 33% today.

1 AUGUST 2006
FORTUNE OIL PLC
('Fortune Oil' or the 'Company')

The Company is pleased to announce that the Ministry of Commerce has approved
the transfer of the foreign contractor rights in the Liulin block Production
Sharing Contract ('PSC') for coal bed methane ('CBM') to Fortune Liulin Gas
Company Limited and the PSC exploration period has been extended for a further
two years.

Fortune Liulin Gas Company Limited is to be owned 60 per cent by Fortune Oil and 40 per cent by Molopo Australia Limited. All central government approvals are now in place for Fortune Oil to begin a drilling programme so as to
commercialise the gas reserves in the Liulin block. The expenditure commitment
for the Company over the next year is US$2.5 million which will be funded from
existing cash resources.

The Liulin block is one of the best geologically proven CBM blocks in China with a potential plateau production of 0.5 billion cubic metres per year. Fortune Oil is building a professional CBM team and actively seeking other CBM
opportunities in China.

This is an important and exciting step in the Company's path to becoming a
leading independent integrated gas company in China; and development of such CBM resources will have significant safety, environmental and economic benefits for China.

Enquiries:

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

Pelham Public Relations
Archie Berens Tel: 07802 442 486
Kate Catchpole Tel: 020 7743 6678

Good positive rns...

FTO UP ON POSITIVE NEWS.