Fortune Oil

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Latest Fortune Oil News

Fortune Oil issue first quarter 2012 Interim Management Statement
  • New natural gas supply connections increased by 49.5 per cent to 4,880 in the first quarter (Q1 2011: 3,264).
  • Two additional lateral wells drilled at the CBM Liulin Block with test production beginning in Q2 2012.
Friday, May 18, 2012

Fortune Oil announce purchase of additional China Gas Shares
  • Purchased 104,228,000 additional shares in China Gas Holdings Ltd.
Tuesday, May 08, 2012

Fortune Oil announce annual financial report
  • Revenues including share of jointly controlled entities increased by 10% to £625 million (2010: £567 million).
  • Bluesky Aviation jet fuel sales increased 14% to 2.6 million tonnes (2010: 2.3 million tonnes).
Thursday, April 26, 2012

FoxDavies Daily Monitor - Max Petroleum, Fortune Oil and Cairn Energy
Max Petroleum (BUY, 50p) (MXP LN, 11.63p,? 2.11%)- A Thousand Mile March Begins with a (Series of) Single Step(s): While today's news isn't a "slam dunk," it does underline the progr
Monday, April 16, 2012

Fortune Oil announce LNG import and supply agreement
  • Tianjin Gas Group Cooperation Agreement on LNG Import and Supply
  • New joint venture to procure, import and supply LNG to Tianjin Gas Group Company Ltd ("Tianjin Gas"), the largest gas supplier to the city of Tianjin
  • Tianjin Gas supplies gas to 2 million customers, with 95 per cent market share, and owns 9,000 km of gas pipelines
  • Agreement leverages Fortune Oil's domestic and international gas supply expertise and enhances its position in China's expanding LNG market
Monday, April 16, 2012

Fortune Oil confirms purchase of additional China Gas shares
  • Fortune Oil confirms that Fortune Max Holdings Limited has purchased 3,750,000 additional shares in China Gas Holdings Ltd ("CGH"; 0384.HK) since the announcement made on 9 March 2012.
Friday, March 23, 2012

Fortune Oil updates on liquefied natural gas business developments
  • Fortune Oil is provides two significant developments relating expanding natural gas business
  • Fortune Oil will hold 100% equity interest in the plant and the total investment will be RMB 200 million.
Friday, December 16, 2011

Fortune Oil Announces Interim Management Statement
  • Company's new natural gas supply connections increased by 52% to 11,427 in the third quarter. Drilling of three vertical wells completed at the CBM Liulin Block with test production beginning in Q4 2011.
  • Bluesky jet fuel sales revenue up 57%. Sales volumes in Q3 2011 increased 17% to 671,700 tonnes with total jet fuel sales of 1.89 million tonnes for the year to date, an increase of 13% compared to the same period in 2010.
Friday, November 18, 2011

Fortune Oil Names New Chief Financial Officer
  • Mr. Bill Kwai Pui Mok appointed as the new chief financial officer of the Company effective from 1 November 2011
  • Mr. Mok will be replacing Mr. Premal D. Shah
  • Mr. Bill Mok has over 22 years of experience in accounting, finance and banking in Hong Kong and mainland China
Friday, September 30, 2011

Fortune Oil Revenues Up 35%, Profits Raise By 12%
  • Group profit from operations, excluding the gains on deemed disposal of and disposal of subsidiaries, increases by 12% to £11.8 million
  • Natural gas sales in the half year decreased by 20% to 237 million cubic meters
  • Sales volumes at Bluesky raise by 11% to 1.2 million tonnes
Thursday, August 25, 2011


Fortune Oil Who's Who

QIAN Benyuan
Chairman
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Daniel Tatjung CHIU
Executive Vice-Chairman
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TEE Kiam Poon
Chief Executive
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LI Ching
Executive Director
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Frank ATTWOOD
Senior Independent Director (UK)
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Premal Shah
Chief Financial Officer
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Michael Jones
Technical & Business Development Director
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Paul KWONG
Group Financial Controller
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Sandi CHOI
Company Secretary
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Fortune Oil Offices

Hong Kong
Head Office
Operational Headquarters
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United Kingdom
Registered Address
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