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Fortune Oil Regulatory News (FTO)
Regulatory News for Fortune Oil (FTO)
| Share Price: 8.02 | Bid: 8.01 | Ask: 8.20 | Change: 0.00 (0.00%) |  | ||||||
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Liulin Coal Bed Methane - Progress Update
Wed, 25th Jul 2012 09:00
RNS Number : 4523I
Fortune Oil PLC
25 July 2012
?
25 July 2012
FORTUNE OIL PLC
("Fortune Oil" or the "Company")
Liulin Coal Bed Methane - Progress Update
Fortune Oil (LSE: FTO.L) focuses on oil, natural gas and resource supply operations and investments, primarily in China. Fortune Oil is listed on the Main Market of the London Stock Exchange.
Fortune Oil is pleased to announce material progress relating to its Liulin Coal Bed Methane ("CBM") business:
· Approval has been received from the Ministry of Commerce for the extension of the exploration period of the Production Sharing Contract for the Liulin CBM block for a further two years to 29 March 2014.
· The Compressed Natural Gas wholesale station in Liulin has been completed and is now awaiting final approval before operations in the second half of 2012. This station will compress the natural gas collected from the Liulin CBM block for onward distribution.
Mr. Tee Kiam Poon, Chief Executive of Fortune Oil, commented:
"We are pleased with the progress we have made in 2012 at Liulin and especially as we are seeing commercial gas flow from our horizontal wells. The extension of the exploration period will enable us to complete the assessment of all the seams and the remaining areas of the block. Our focus continues to be on completing the development of Liulin and to achieve commercial production. We see the achievements at Luilin positioning the Company as a significant developer of unconventional gas, in line with China's resource strategy, and pave the way for commercial gas sales and revenue generation for the Company."
Background on Fortune Oil
Fortune Oil is a leading independent energy company engaged in the investment and operations of oil and natural gas supply projects in China. With over 18 years of operating history in China, Fortune Oil has acquired a unique portfolio of high quality oil and natural gas projects across the country and has formed a strong partnership with domestic and international market leaders. Fortune Oil recently started an expansion outside China securing resource projects. Fortune Oil is listed on the Main Market of the London Stock Exchange with its operational headquarters in Hong Kong.
For further details:
|
Fortune Oil PLC Tee Kiam Poon - Chief Executive Bill Mok - Chief Financial Officer |
Tel: 00 852 2583 3125 Tel: 00 852 2583 3120
|
|
Pelham Bell Pottinger Archie Berens / Zoe Sanders |
Tel: 020 7861 3112 |
This information is provided by RNS
The company news service from the London Stock Exchange
| Date | Source | Headline | Category |
|---|---|---|---|
| 17-May-13 07:01 | RNS | Interim Management Statement | Results and Trading Reports |
| 15-May-13 12:00 | RNS | Notice of Annual General Meeting | Company Announcement - General |
| 14-May-13 13:12 | RNS | Holding(s) in Company | Holding(s) in Company |
| 25-Apr-13 08:38 | RNS | 2012 Annual Report | Company Announcement - General |
| 25-Apr-13 07:00 | RNS | Final Results | Results and Trading Reports |
| 15-Apr-13 13:47 | RNS | Acquisition of China Gas shares from Fortune Max | Company Announcement - General |
| 25-Mar-13 07:00 | RNS | Notification of Major Interest in Shares | Holding(s) in Company |
| 22-Mar-13 16:40 | RNS | Second Price Monitoring Extn | Company Announcement - General |
| 22-Mar-13 16:35 | RNS | Price Monitoring Extension | Company Announcement - General |
| 20-Mar-13 07:00 | RNS | Transfer of listing category on the Official List | Company Announcement - General |
| 22-Feb-13 14:30 | RNS | Administrative changes to the Company's LTIP | Company Announcement - General |
| 20-Feb-13 16:20 | RNS | Director/PDMR Shareholding | Directors' Dealings |
| 19-Feb-13 12:40 | RNS | Result of General Meeting | Results and Trading Reports |
| 12-Feb-13 07:00 | RNS | Re Proposed Disposal of Natural Gas Business | Company Announcement - General |
| 05-Feb-13 11:15 | RNS | Director/PDMR Shareholding | Directors' Dealings |
| 04-Feb-13 07:00 | RNS | Posting of Circular Re Proposed Disposal | Company Announcement - General |
| 21-Jan-13 16:53 | RNS | Director/PDMR Shareholding | Directors' Dealings |
| 16-Jan-13 08:08 | RNS | Re Proposed Disposal of Natural Gas Business | Company Announcement - General |
| 17-Dec-12 08:17 | RNS | Proposed US$400m disposal of Natural Gas Business | Mergers, Acquisitions and Disposals |
| 17-Dec-12 07:00 | RNS | Holding(s) in Company | Holding(s) in Company |
| 19-Nov-12 07:00 | RNS | Interim Management Statement | Company Announcement - General |
| 12-Oct-12 11:30 | RNS | Issue of Equity | Company Announcement - General |
| 17-Sep-12 16:20 | RNS | 2012 Printed Half Year Report | Results and Trading Reports |
| 07-Sep-12 16:35 | RNS | Price Monitoring Extension | Company Announcement - General |
| 05-Sep-12 07:00 | RNS | Liulin Coal Bed Methane Update | Company Announcement - General |
| 23-Aug-12 07:00 | RNS | Half Year Report for the 6 months ended 30 June 12 | Results and Trading Reports |
| 03-Aug-12 10:31 | RNS | Purchase of Additional China Gas Shares | Company Announcement - General |
| 25-Jul-12 09:00 | RNS | Liulin Coal Bed Methane - Progress Update | Company Announcement - General |
| 10-Jul-12 16:40 | RNS | Second Price Monitoring Extn | Company Announcement - General |
| 10-Jul-12 16:35 | RNS | Price Monitoring Extension | Company Announcement - General |
Regulatory news is displayed end of day, each day at 19:00.
