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
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| Date | Source | Headline | |
|---|---|---|---|
| 28th Aug 2008 | 7:00 am | RNS | Interim Results |
| 31st Jul 2008 | 4:04 pm | RNS | Total Voting Rights |
| 22nd Jul 2008 | 4:41 pm | RNS | Second Price Monitoring Extn |
| 22nd Jul 2008 | 4:36 pm | RNS | Price Monitoring Extension |
| 22nd Jul 2008 | 7:00 am | RNS | Gas Business Developments |
| 17th Jul 2008 | 4:41 pm | RNS | Second Price Monitoring Extn |
| 17th Jul 2008 | 4:35 pm | RNS | Price Monitoring Extension |
| 7th Jul 2008 | 5:52 pm | RNS | Notifications of Major Intere |
| 7th Jul 2008 | 12:23 pm | RNS | Notifications of Major Intere |
| 4th Jul 2008 | 8:07 am | RNS | Completion of Placing |
| 1st Jul 2008 | 11:50 am | RNS | Long Term Incentive Plan Shar |
| 26th Jun 2008 | 4:20 pm | RNS | Awards under Long Term Incent |
| 26th Jun 2008 | 12:23 pm | RNS | Appointment of Executive Dire |
| 25th Jun 2008 | 3:57 pm | RNS | Result of AGM |
| 24th Jun 2008 | 4:47 pm | RNS | Potential Investment By Kerry |
| 6th Jun 2008 | 10:00 am | RNS | Annual Information Update |
| 30th May 2008 | 4:35 pm | RNS | Price Monitoring Extension |
| 20th May 2008 | 11:54 am | RNS | Annual Report and Accounts |
| 12th May 2008 | 8:53 am | RNS | Holding(s) in Company |
| 30th Apr 2008 | 11:08 am | RNS | Blocklisting Interim Review |
| 24th Apr 2008 | 9:54 am | RNS | Preliminary Results |
| 31st Mar 2008 | 7:02 am | RNS | Liulin CBM Update |
| 31st Mar 2008 | 7:02 am | RNS | Acquisition |
| 25th Mar 2008 | 7:01 am | RNS | New CFO / Change of Auditors |
| 10th Jan 2008 | 7:01 am | RNS | Liulin CBM Developments |
| 20th Nov 2007 | 7:01 am | RNS | Agreement With Vitol |
| 31st Oct 2007 | 3:15 pm | RNS | Blocklisting Interim Review |
| 25th Oct 2007 | 11:06 am | RNS | Director Shareholding |
| 3rd Oct 2007 | 3:11 pm | RNS | Director/PDMR Shareholding |
| 24th Sep 2007 | 7:01 am | RNS | Interim Results |
| 20th Sep 2007 | 7:00 am | RNS | Notice of Results |
| 17th Sep 2007 | 7:01 am | RNS | Coal Bed Methane JV |
| 13th Sep 2007 | 7:01 am | RNS | LNG Production Update |
| 21st Jun 2007 | 6:11 pm | RNS | Director/PDMR Shareholding |
| 21st Jun 2007 | 4:41 pm | RNS | Share Purchase |
| 20th Jun 2007 | 5:29 pm | RNS | AGM Resolutions |
| 19th Jun 2007 | 4:51 pm | RNS | Result of AGM |
| 18th Jun 2007 | 7:00 am | RNS | Acquisition |
| 1st Jun 2007 | 10:47 am | RNS | Annual Information Update |
| 21st May 2007 | 2:56 pm | RNS | Annual Report and Accounts |
| 30th Apr 2007 | 2:20 pm | RNS | Blocklisting Interim Review |
| 26th Apr 2007 | 7:03 am | RNS | $50 Million Loan Facility |
| 26th Apr 2007 | 7:01 am | RNS | Final Results |
| 18th Apr 2007 | 2:27 pm | RNS | Liulin Gas Joint Venture |
| 12th Apr 2007 | 7:01 am | RNS | Coal Bed Methane Update |
| 1st Feb 2007 | 7:01 am | RNS | Business Developments |
| 29th Jan 2007 | 7:02 am | RNS | Result of Geological Study |
| 22nd Jan 2007 | 7:02 am | RNS | Second CBM Pilot Well |
| 19th Dec 2006 | 11:12 am | RNS | Total Voting Rights |
| 7th Nov 2006 | 7:02 am | RNS | Commencement of CBM Drilling |
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