Get Live Data

Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globallyView Video

Latest Share Chat

  2. Share Prices
  3. FTO.L Share Price
  4. FTO.L Share Regulatory News
  5. Business Developments

Pin to quick picksFTO.L Regulatory News (FTO)

FTO.L Information
  • There is currently no data for FTO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Business Developments

1 Feb 2007 07:01

Fortune Oil PLC01 February 2007 1 FEBRUARY 2007 FORTUNE OIL PLC ("Fortune Oil" or "the Company") Business Developments Fortune Oil is pleased to announce the following business developments: Natural Gas Supply Sales of natural gas continue to grow strongly and there have been no supplyinterruptions during the winter. Throughput at the Tongzhou CNG station iscurrently averaging 260,000 cubic metres per day compared to 180,000 cubicmetres per day one year ago. Approval was recently obtained from the Ministry of Commerce to establish Fortune Gas Investment Company Limited, a 100%-owned holding company to be registered in China. This holding company will help implement the Company's strategy of creating an integrated gas business. Bluesky Aviation Refuelling Joint Venture The Bluesky business continues to perform well and the government-mandatedcompensation mechanism remains in force, as expected. The rebate paid bydomestic airlines to Bluesky in the fourth quarter 2006 was RMB 320 (US$41) pertonne. The first quarter 2007 rebate is lower at RMB 140 (US$18) per tonne,reflecting the decrease in international jet fuel prices which are now closer todomestic jet fuel prices. Rebates in respect of periods prior to the second quarter 2006 are still under investigation by the government. Oil Products Supply In December 2006 the West Zhuhai Oil Products Terminal was granted a licence tostore bonded-status products. Discussions are now in progress with thirdparties to use the terminal for supplying gasoil to destinations such as HongKong and Macau. The new licence will also enhance the Company's own tradingoperations in China, which currently include the import of bitumen and base oiland the export of chemicals, primarily on a low-risk agency basis. The Company will provide further information when the preliminary results areannounced for the year ended 31 December 2006 in April 2007. Enquiries: Fortune Oil PLCJohn Pexton - Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong) Pelham Public RelationsArchie Berens Tel: 020 7743 6679 or 07802 442 486 This information is provided by RNS The company news service from the London Stock Exchange
12345678
Date   Source Headline
14th Jun 20113:17 pmRNSResult of AGM
14th Jun 20117:00 amRNSIncreased Investment in Armenian Iron Ore Mines
9th Jun 201110:06 amRNSGrant of Option
25th May 20114:40 pmRNSSecond Price Monitoring Extn
25th May 20114:35 pmRNSPrice Monitoring Extension
25th May 20113:35 pmRNSNotification of Transactions of Directors
19th May 20117:00 amRNSInterim Management Statement
12th May 201111:26 amRNSNotice of AGM
12th May 20117:00 amRNSNatural Gas Expansion Agreement
28th Apr 20114:44 pmRNS2010 Annual Report
28th Apr 20117:00 amRNSAnnual Financial Report Announcement
13th Apr 201110:00 amRNSGovernment Support for LNG Duel Fuel Technology
4th Apr 20117:40 amRNSNew US$180 Million Loan Facility
31st Mar 201111:36 amRNSResult of General Meeting
28th Mar 20117:00 amRNSExpansion of gas supply in Liaoning Province
25th Mar 20115:51 pmRNSHolding(s) in Company
7th Mar 20115:03 pmRNSHolding(s) in Company
2nd Mar 20112:09 pmRNSPublication of Related Party Circular
21st Feb 20117:00 amRNSStrategic Alliance to Develop Resources Business
10th Feb 20117:00 amRNSJoint Venture Agreement
31st Jan 20119:30 amRNSFinancing Update
12th Jan 20117:31 amRNSFortune Oil Acquires Stake in Armenian Iron Ore Mi
23rd Dec 20101:00 pmRNSRestructuring Natural Gas Business
17th Dec 20107:00 amRNSLiulin Gas Update
30th Nov 20109:52 amRNSBoard Appointments
30th Nov 20107:00 amRNSCompletion of Everthriving Acquisition
18th Nov 20107:00 amRNSLaunch of New Corporate Strategy
18th Nov 20107:00 amRNSThird Quarter 2010 Interim Management Statement
22nd Oct 20104:00 pmRNSAward of Shares to Director
22nd Oct 20104:00 pmRNSAward of Shares to Director
14th Oct 20107:00 amRNSAcquisition Update
21st Sep 20102:40 pmRNSDocument Availability
17th Sep 20104:40 pmRNSSecond Price Monitoring Extn
17th Sep 20104:35 pmRNSPrice Monitoring Extension
8th Sep 20107:00 amRNSFirst Gas Sales Agreement at Liulin Block
1st Sep 20107:30 amRNSAcquisition of Natural Gas and LNG Businesses
26th Aug 20107:00 amRNSHalf Yearly Report
3rd Aug 20107:00 amRNSNew Senior Management Appointments
16th Jul 20102:31 pmRNSPurchase of Shares - Replacement
16th Jul 201012:03 pmRNSPurchase of Shares by a Director
12th Jul 20104:40 pmRNSSecond Price Monitoring Extn
12th Jul 20104:35 pmRNSPrice Monitoring Extension
25th Jun 20105:39 pmRNSRe Long Term Incentive Plan
18th Jun 20104:30 pmRNSDirectors Options
15th Jun 20103:34 pmRNSResult of AGM & Directorate Change
15th Jun 20107:00 amRNSAGM Statement
7th Jun 20103:59 pmRNSAnnual Information Update
1st Jun 20101:38 pmRNSPurchase of Shares by a Director
28th May 20102:28 pmRNSPurchase of Shares by a Director
25th May 20104:35 pmRNSPrice Monitoring Extension
12345678

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.