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Coal Bed Methane Update

12 Apr 2007 07:01

Fortune Oil PLC12 April 2007 12th APRIL 2007 FORTUNE OIL PLC ("Fortune Oil" or "the Company") EP1 and EP2 Wells Commence Pilot Production Fortune Liulin Gas has commenced pilot production at the EP1 and EP2 coal bedmethane wells in Liulin Block. Both wells have been hydraulically fracturestimulated to target coal seam number 8/9. They are now producing smallcontrolled amounts of water; the dewatering phase for CBM wells is expected tolast several months before gas production commences. Coring sample results for EP1 and EP2 were positive. The total coal thicknessfor the three major coal seams was 11.4 metres for EP1 and 8.9 metres for EP2and the gas content averaged 9 cubic metres per tonne, as measured by gasdesorption testing. Injection/falloff testing of permeability, an indicator ofpotential gas recovery rate, also gave encouraging results. In order to meet the PRC's latest regulations for certification of gas reserves,Fortune Liulin Gas is now planning to drill three CBM data wells for analysis ofpermeability and desorbed gas content in each major seam. 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
19th May 20105:23 pmRNSNotification of Transaction by Directors
19th May 20107:00 amRNSInterim Management Statement
14th May 20105:07 pmRNSNotification of Transaction by Directors
14th May 20105:07 pmRNSNotification of Transaction by Directors
14th May 20104:35 pmRNSNotice of AGM
11th May 20103:48 pmRNSPurchase of Shares
4th May 20105:58 pmRNSNotification of Transaction by Directors
28th Apr 20104:27 pmRNSFiling of Annual Financial Report
28th Apr 20107:00 amRNSBoard Changes
28th Apr 20107:00 amRNSAnnual Financial Report
15th Apr 20108:05 amRNSNew US$80 Million Loan Facility
7th Apr 20104:40 pmRNSSecond Price Monitoring Extn
7th Apr 20104:35 pmRNSPrice Monitoring Extension
6th Apr 20104:40 pmRNSSecond Price Monitoring Extn
6th Apr 20104:35 pmRNSPrice Monitoring Extension
29th Mar 20107:00 amRNSNew Projects Update
25th Mar 20107:00 amRNSLiulin Coal Bed Methane Update
31st Dec 20098:45 amRNSTotal Voting Rights
22nd Dec 20094:40 pmRNSSecond Price Monitoring Extn
22nd Dec 20094:35 pmRNSPrice Monitoring Extension
21st Dec 20097:00 amRNSArrow Liulin CBM Announcement
18th Dec 20098:31 amRNSArrow Energy Investment in Liulin CBM
17th Dec 20094:40 pmRNSSecond Price Monitoring Extn
17th Dec 20094:35 pmRNSPrice Monitoring Extension
8th Dec 20099:39 amRNSHolding(s) in Company
8th Dec 20097:00 amRNSCompletion of Allotment of Shares
1st Dec 200911:18 amRNSIssue of Equity
20th Nov 20097:01 amRNSCompletion of Transaction
16th Nov 20097:00 amRNSInterim Management Statement
16th Nov 20097:00 amRNSAcquisition of Minority Interest in Liulin
30th Oct 20093:31 pmRNSBlock Listing Six Monthly Return
26th Oct 20097:00 amRNSRe: Director's Share Options
15th Oct 20094:40 pmRNSSecond Price Monitoring Extn
15th Oct 20094:35 pmRNSPrice Monitoring Extension
14th Oct 20097:00 amRNSLiulin Coal Bed Methane Reserves Report
30th Sep 20094:35 pmRNSTotal Voting Rights
29th Sep 20094:35 pmRNSDirector/PDMR Shareholding
25th Sep 200912:27 pmRNSPurchase of Shares by Director
24th Sep 20099:54 amRNSExercise of Directors' Options
22nd Sep 20091:16 pmRNSLTIP Shares and Directors' Shareholdings
22nd Sep 20091:12 pmRNSPrinted Half Year Report 2009 Available
27th Aug 20097:00 amRNSHalf Year Report
26th Aug 20094:40 pmRNSSecond Price Monitoring Extn
26th Aug 20094:35 pmRNSPrice Monitoring Extension
4th Aug 20094:40 pmRNSSecond Price Monitoring Extn
4th Aug 20094:35 pmRNSPrice Monitoring Extension
25th Jun 20091:15 pmRNSAppointment of Executive Director
24th Jun 20094:45 pmRNSDirectors' Share Options
24th Jun 20094:39 pmRNSResult of AGM and Directorate Change
24th Jun 20097:00 amRNSAGM Statement
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