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Acquisition Update

14 Oct 2010 07:00

RNS Number : 3764U

Fortune Oil PLC

14 October 2010

FORTUNE OIL PLC

("Fortune Oil" or the "Company")

Further on Acquisition of Natural Gas and Liquid Natural Gas Businesses

Further to the announcement issued on 1 September 2010 Fortune Oil is pleased to announce that the Joint Venture Agreement, Joint Venture Articles of Association and Share Subscription Agreement have been completed between Fortune Oil and Everthriving Investment Group ("Everthriving Investment") in respect of the subscription for 65% of the issued share capital of Beijing Everthriving Energy Technology Co., Ltd. The agreements are now being submitted for registration and approval with the relevant Chinese authorities and completion is expected by 30 November 2010.

For further details:

Fortune Oil PLC

Tee Kiam Poon

Premal Shah

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

END

MSCFFASILFSSEIS

Date		Source	Headline
19th May 2010	5:23 pm	RNS	Notification of Transaction by Directors
19th May 2010	7:00 am	RNS	Interim Management Statement
14th May 2010	5:07 pm	RNS	Notification of Transaction by Directors
14th May 2010	5:07 pm	RNS	Notification of Transaction by Directors
14th May 2010	4:35 pm	RNS	Notice of AGM
11th May 2010	3:48 pm	RNS	Purchase of Shares
4th May 2010	5:58 pm	RNS	Notification of Transaction by Directors
28th Apr 2010	4:27 pm	RNS	Filing of Annual Financial Report
28th Apr 2010	7:00 am	RNS	Board Changes
28th Apr 2010	7:00 am	RNS	Annual Financial Report
15th Apr 2010	8:05 am	RNS	New US$80 Million Loan Facility
7th Apr 2010	4:40 pm	RNS	Second Price Monitoring Extn
7th Apr 2010	4:35 pm	RNS	Price Monitoring Extension
6th Apr 2010	4:40 pm	RNS	Second Price Monitoring Extn
6th Apr 2010	4:35 pm	RNS	Price Monitoring Extension
29th Mar 2010	7:00 am	RNS	New Projects Update
25th Mar 2010	7:00 am	RNS	Liulin Coal Bed Methane Update
31st Dec 2009	8:45 am	RNS	Total Voting Rights
22nd Dec 2009	4:40 pm	RNS	Second Price Monitoring Extn
22nd Dec 2009	4:35 pm	RNS	Price Monitoring Extension
21st Dec 2009	7:00 am	RNS	Arrow Liulin CBM Announcement
18th Dec 2009	8:31 am	RNS	Arrow Energy Investment in Liulin CBM
17th Dec 2009	4:40 pm	RNS	Second Price Monitoring Extn
17th Dec 2009	4:35 pm	RNS	Price Monitoring Extension
8th Dec 2009	9:39 am	RNS	Holding(s) in Company
8th Dec 2009	7:00 am	RNS	Completion of Allotment of Shares
1st Dec 2009	11:18 am	RNS	Issue of Equity
20th Nov 2009	7:01 am	RNS	Completion of Transaction
16th Nov 2009	7:00 am	RNS	Acquisition of Minority Interest in Liulin
16th Nov 2009	7:00 am	RNS	Interim Management Statement
30th Oct 2009	3:31 pm	RNS	Block Listing Six Monthly Return
26th Oct 2009	7:00 am	RNS	Re: Director's Share Options
15th Oct 2009	4:40 pm	RNS	Second Price Monitoring Extn
15th Oct 2009	4:35 pm	RNS	Price Monitoring Extension
14th Oct 2009	7:00 am	RNS	Liulin Coal Bed Methane Reserves Report
30th Sep 2009	4:35 pm	RNS	Total Voting Rights
29th Sep 2009	4:35 pm	RNS	Director/PDMR Shareholding
25th Sep 2009	12:27 pm	RNS	Purchase of Shares by Director
24th Sep 2009	9:54 am	RNS	Exercise of Directors' Options
22nd Sep 2009	1:16 pm	RNS	LTIP Shares and Directors' Shareholdings
22nd Sep 2009	1:12 pm	RNS	Printed Half Year Report 2009 Available
27th Aug 2009	7:00 am	RNS	Half Year Report
26th Aug 2009	4:40 pm	RNS	Second Price Monitoring Extn
26th Aug 2009	4:35 pm	RNS	Price Monitoring Extension
4th Aug 2009	4:40 pm	RNS	Second Price Monitoring Extn
4th Aug 2009	4:35 pm	RNS	Price Monitoring Extension
25th Jun 2009	1:15 pm	RNS	Appointment of Executive Director
24th Jun 2009	4:45 pm	RNS	Directors' Share Options
24th Jun 2009	4:39 pm	RNS	Result of AGM and Directorate Change
24th Jun 2009	7:00 am	RNS	AGM Statement

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