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.

Not many trades but SP moving a lot.

Like a yoyo !

Any investors that have bought into WNL white nile are in danger, as the recent price movements are only tempory, as the Sudan goverment are in dispute with phil edmunds over costs are are about to pull out of this project due to political tension SELL wnl ONLY WORTH 0.3P. WARNING.......................

RNS Fortune Oil PLC (FTO) Notification of Transaction by director

also news arriveing for Eme , BUY,BUY,BUY,

News release concerning Frontier Oil (USA)
instead of us Fortune oil (FTO) china ! Fosters unease !

A lot more trades last few days,mostly sells but finished up a little.

Been in this for some time now.....hoping for an over 10p surge.....it seems it is doing well this company but sp not so !.

Same here been holding since sub 3p, sold a chunk on the last surge,waiting for the next.

First level holdings purchase more shares in FTO.

Fortune Oil PLC First Level Holdings Limited (First Level), a company jointly owned and controlled by Mr Daniel Chiu, Executive Vice Chairman of the Company and Dennis Chiu, Non Executive Director of the Company, purchased at 7 pence per share, 1,920,280 ordinary shares of 1p each in the Company (Ordinary Shares), representing 0.10% of the issued share capital of Fortune Oil.
First Level now holds an interest in 719,365,177 Ordinary Shares, representing 37.31% of the issued share capital of Fortune Oil.

Fortune Oil has been notified today that on 4 December 2008, First Level Holdings Limited a company jointly owned and controlled by Mr Daniel Chiu, Executive Vice Chairman of the Company and Dennis Chiu, Non Executive Director of the Company, purchased at 7 pence per share, 874,263 ordinary shares of 1p each in the Company representing 0.05% of the issued share capital of Fortune Oil.
This purchase is in accordance with Note 11 to Rule 9.1 of the City Code on Takeover and Mergers (the 'Code') and accordingly First Level will not be obliged to make a mandatory offer under Rule 9 of the Code.

http://www.zoomchina.com.cn/new/content/category/27/123/256/30/30/

downhole operation completed the first batch of 4-layer CBM wells fracturing construction of Fortune Liulin Gas Co., Ltd. The batch of wells was at Liulin County, Shanxi Province. FLG was a holding subsidiary of Fortune Oil PLC, aiming to develop CBM resource in Liulin County. This batch of wells was the first batch of evaluation wells of Fortune Oil PLC in China. The total thicknesses of main coal seams in EP1 and EP2 mines were 11.4m and 8.9m respectively. The CBM content was 9 cubic meters per metric ton on average.

Field developments link -
http://www.molopo.com.au/china.html

HI MCMAHONS
I cant get any info from the site you gave,is there any positive news?.A few big trades yesterday.

I think the trades relate to the Directors dealing which still has a while to run.
Dont think we will have any major '+' News for a few months yet. What information is available all seems to point to solid company. Factors to consider are exchange rate, relaxing of pricing regulation and demand still rising from population and new industrial centers. The other factor (possiblity) based on the companies present situation is a takeover. I have a few friends in China and all have said that the cost for Gas has slowly risen over the last 3 months 'considerably' what ever in for the ride.

Thanks for the info,have bought more the past few weeks.

Heres some related News released this morning
Taiyuan Heavy Industry Corporation and Lu'an Group join hands
(Zoomchina.com.cn, Jan 07, 2009) On Jan 5, 2008, Dong Yue, general manager of Taiyuan Heavy Industry Corporation, announced that it had reached cooperation agreement with Lu'an Group in constructing a coal chemical project in Xinjiang owning to their successful cooperation in CTL project, in which Taiyuan Heavy Industry Corporation had produced two 8m slack coal compression gasifiers for Shanxi Lu'an CTL Corporation's CTL project.
Shandong and Shanxi join hands
(Zoomchina.com.cn, Jan 07, 2009) On Jan 4, 2008, Shandong and Shanxi signed "Strategic Framework Agreement on Energy Transportation".
According to the agreement, two provinces will jointly develop "To-sea Railway Passage" project, which will connect Central & South Shanxi Province and Rizhao. Besides, two provinces will jointly develop "Shanxi-Shandong Power Transmission" project.

9 December 2008



TRANSACTION BY DIRECTOR
Fortune Oil has been notified today that on 4 December 2008, First Level Holdings Limited a jointly owned and controlled by Mr Daniel Chiu, Executive Vice Chairman of the Company and Dennis Chiu, Non Executive Director of the Company purchased at 7 pence per share, 874,263 ordinary shares of 1p each in the Company.

Hi Mcmahons thanks for all the info on FTO ,please keep posting any news.