Fortune Oil PLC

Type: Company
Name: Fortune Oil PLC
First reported May 17 2013 - Updated May 17 2013 - 2 reports

Fortune optimistic despite China ...

Fortune Oil PLC Ord 1P (FTO) Fortune Oil's board remains optimistic about the company's prospects, despite the reduction in China's economic growth rate. The group - which focuses primarily on Chinese oil, natural gas and resource supply operations and ... [Published TrustNet - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 2 reports

Fortune Oil provide first quarter 2013 Interim Management Statement

Shareholders of China Gas Holdings Limited ("CGH") and of Fortune Oil have both approved the proposed transaction in relation to Fortune Oil's natural gas business which will significantly strengthen the Group's balance sheet.New natural gas supply connections ... [Published OilVoice - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports
London Stock Exchange Group Plc
London Stock Exchange Group Plc

Interim Management Statement

FORTUNE OIL PLC("Fortune Oil", the "Company" or the "Group") Q1 2013 Fortune Oil (LSE: FTO.L) focuses primarily on Chinese oil, natural gas and resource supply operations and investments. Fortune Oil is listed on the London Stock Exchange. Fortune Oil ... [Published MoneyAM - May 17 2013]
First reported May 15 2013 - Updated May 15 2013 - 2 reports

Notice of Annual General Meeting

FORTUNE OIL PLC("Fortune Oil" or "the Company") In accordance with Listing Rule 9.6.1, the Company has submitted to the National Storage Mechanism (which has replaced the FCA UK Listing Authority's Document Viewing Facility) and will shortly be available ... [Published MoneyAM - May 15 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports
Legal & General Group Plc
Legal & General Group Plc

FORTUNE OIL PLC : TR-1: Notification Of Major Interest in Shares

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:Legal & General Group Plc (Direct and Indirect) (Group)Legal & General Investment Management (Holdings) Limited (LGIMH) ... [Published 4 Traders - May 15 2013]
First reported May 07 2013 - Updated May 07 2013 - 1 reports
Fortune Oil PLC
Fortune Oil PLC

Fortune Oil annual profit decreases

Fortune Oil Plc, which is engaged in oil and natural gas and resource supply operations, has reported a profit attributable to owners of the parent of GBP15.67 million, or 0.82 pence per diluted share, for the year ended December 31, 2012, compared to ... [Published Individual.com - May 07 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

President of Rasia FZE presents brief summery of southern railway ...

YEREVAN, May 2. /ARKA/. President and Chief Executive Officer of investment company Rasia FZE, Joseph Borkowski, presented today a brief summery of Southern Railway Armenia and Southern High Speed Road of Armenia projects to Armenias acting transport ... [Published ARKA News Agency - May 02 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 3 reports

China: Fortune Oil Revenues Up

Fortune Oil today reports its results for the financial year ending 31 December 2012.Corporate highlights:Agreed transformational combination of Fortune Oil’s natural gas business with that of China Gas Holdings Limited for consideration of US$400 million, ... [Published LNG World News - Apr 25 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

Fortune Oil PLC : 2012 Annual Report

("Fortune Oil" or "the Company") 2012 Annual Report Fortune Oil has today published on its website www.fortune-oil.com its Annual Financial Report Announcement for the year ended 31 December 2012 (the "2012 Annual Report"). In accordance with Listing ... [Published Investegate - Apr 25 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

Fortune Oil operating profits up 4%

StockMarketWire.com - China-focused Fortune Oil posts operating profits of £28.5m for the year to the end of December - 4% up on last time. Revenues including its share of jointly controlled entities increased by 18% to £739m. Profit attributable to owners ... [Published Stock Market Wire - Apr 25 2013]
First reported Apr 15 2013 - Updated Apr 16 2013 - 8 reports

Fortune Oil acquires China Gas shares from Fortune Max

Fortune Oil announces the following development regarding its Tags: Fortune Oil ... [Published Scandinavian Oil-Gas Magazine - Full Feed - Apr 16 2013]
First reported Dec 17 2012 - Updated Dec 17 2012 - 1 reports

China Gas to Buy Fortune Oil’s Gas Assets in China

Source: Wall Street Journal By Yvonne Lee China piped-gas distributor China Gas Holdings Ltd. is planning to buy the Chinese gas assets of the company that helped it fend off a takeover bid this year by state oil giant China Petroleum & Chemical ... [Published Infoseekchina - Dec 17 2012]

Quotes

...51 million, compared to GBP27.42 million for the year ended December 31, 2011. Qian Benyuan, Chairman of Fortune Oil, commented: "Fortune Oil delivered another good performance in 2012 and continued to make excellent progress across its core businesses. The Company's strong position, significant industry experience and clear strategic focus have allowed us to benefit from opportunities that have arisen."
Fortune Oil annual profit decreases [Published Individual.com - May 07 2013]
...that a mining project, carried out by a Chinese company Fortune Oil, the volume of railway cargo transportation is expected to surge significantly. "By working together we have to create a project that will bring together the interests of all parties, as the SouthernSouthern Railway of Armenia and the SouthernSouthern High Speed Road $ of Armenia are of great strategic importance for the country. The ministry is ready to provide all possible support for the effective implementation of the project, Beglaryan was quoted as saying in a press release. Rasia FZE $ and Rasia Group, Rasia Management LLC, Southern Armenia Railway Pte Ltd., and Southern Armenia High Speed Road Pte Ltd. are members of the "Rasia" group of investment and investment management companies based in Dubai UAE, the Cayman Islands, Armenia and Singapore. $ Rasia is involved in direct principal investments and investment management primarily in mining and strategic infrastructure. Southern Railway of Armenia and the SouthernSouthern High Speed Road will be part of the international transport corridor North-South. They are estimated to cost $3 billion. The agreement covers the construction of a 316km railway linking Gavar, 50km east of Yerevan near Lake Sevar, with the Iranian border near Meghri, as well as a 110km highway in the southern province of Syunik. The electrified, single-track railway line will be part of a new north-south corridor linking the Black Sea and the Persian Gulf. $ The project is expected to create the shortest transportation link from the ports of the Black Sea to the ports of the Persian Gulf, improving regional connectivity. -0- 20:27 02.05.2"
President of Rasia FZE presents brief summery of southern railway ... [Published ARKA News Agency - May 02 2013]
...7m but profits attributable to owners of the parent before other gains increased to £11.0m (2011: £10.8m). Chairman Qian Benyuan said: "Fortune Oil delivered another good performance in 2012 and continued to make excellent progress across its core businesses. "The company's strong position, significant industry experience and clear strategic focus have allowed us to benefit from opportunities that have arisen. "We remain excited about the prospects for Fortune Oil. We have strengthened our position in the China gas industry through our transaction with China Gas Holdings Limited, and remain confident on the lookout for other growth opportunities in the oil sector. "In addition to the China Gas transaction, we have a number of discussions, negotiations and strategic initiatives ongoing, including in relation to our Maoming Single Point Mooring business, and we look forward to updating investors on progress as soon as it is possible to do so. Given Fortune Oil's attractive position within China's expanding energy and resource markets, we remain confident of delivering further success in the future." At 8:32am: [LON:FTO] Fortune Oil share price was -0.25p at 7.95p Story provided by StockMarketWire.com"
Fortune Oil operating profits up 4% [Published Stock Market Wire - Apr 25 2013]
...Investment in China Gas Holdings Limited Amount in $ "000 2012 2011 Balance at the beginning of the year 27,815 - Additions 30,562 23,839 Movement in fair value 773 3,180 Foreign currency exchange difference (545) 796 Balance at the date of disposal to jointly controlled entity 58,605 27,815 The consideration for these shares transferred to the jointly controlled entity China Gas Group Limited, was made in a form of a loan HK$700million ($57.3 million). Accordingly a loss on disposal of $1.3 million has been recognised in the income statement. On the date of disposal, $4 million representing the net gain arising from changes in fair value, which were previously recognised in equity was reclassified to the income statement. Other gain in the income statement represents: Amount in $" 000 Loss on disposal of available for sale assets (1,322) Net gain arising from change in fair value of available for sale investments 3,953 Gain on...
Final Results [Published TrustNet - Apr 25 2013]

More Content

All (35) | News (24) | Reports (2) | Blogs (3) | Audio/Video (0) | Fact Sheets (1) | Press Releases (5)
sort by: Date | Relevance
Oil & Gas Sector: Fortune optimistic despite Ch... [Published MoneyAM - May 17 2013]
Fortune optimistic despite China ... [Published TrustNet - May 17 2013]
Fortune optimistic despite China economic slowdown [Published MoneyAM - May 17 2013]
Fortune Oil provide first quarter 2013 Interim ... [Published OilVoice - May 17 2013]
Interim Management Statement [Published TrustNet - May 17 2013]
Interim Management Statement [Published MoneyAM - May 17 2013]
Notice of Annual General Meeting [Published MoneyAM - May 15 2013]
Fortune Oil PLC - Notice of Annual General Meeting [Published Morningstar UK - May 15 2013]
FORTUNE OIL PLC : TR-1: Notification Of Major I... [Published 4 Traders - May 15 2013]
Beauty confidential: Catwalk glamour at Poundla... [Published Mail Online UK - May 09 2013]
Fortune Oil annual profit decreases [Published Individual.com - May 07 2013]
President of Rasia FZE presents brief summery o... [Published ARKA News Agency - May 02 2013]
China: Fortune Oil Revenues Up [Published LNG World News - Apr 25 2013]
Fortune Oil PLC : 2012 Annual Report [Published Investegate - Apr 25 2013]
Fortune Oil operating profits up 4% [Published Stock Market Wire - Apr 25 2013]
Fortune Oil reports its results for the financi... [Published OilVoice - Apr 25 2013]
Final Results [Published TrustNet - Apr 25 2013]
Fortune Oil acquires China Gas shares from Fort... [Published Scandinavian Oil-Gas Magazine - Full Feed - Apr 16 2013]
Fortune Oil Updates on Shareholding in China Gas [Published LNG World News - Apr 16 2013]
Acquisition of China Gas shares from Fortune Ma... [Published Noodls - Apr 16 2013]
FORTUNE OIL PLC : Acquisition of China Gas shar... [Published 4 Traders - Apr 16 2013]
BRIEF-Fortune Oil JV buys China Gas shares form... [Published Reuters UK - Apr 15 2013]
Fortune Oil JV acquires has 15.37% stake in CGH [Published Telegraph - Apr 15 2013]
Fortune Oil PLC - Acquisition of China Gas shar... [Published Morningstar UK - Apr 15 2013]
Acquisition of China Gas shares from Fortune Max [Published TrustNet - Apr 15 2013]
Top China Stories from WSJ: AIG Sale, Hon Hai D... [Published WSJ.com: China Real Time Report - Dec 18 2012]
China Gas to Buy Fortune Oil’s Gas Assets in China [Published Infoseekchina - Dec 17 2012]
China Gas to Buy Fortune Oil's Gas Assets in China [Published WSJ.com: What's News Asia - Dec 17 2012]
China Gas Inks Deal After Fending off Sinopec [Published WSJ.com: Deal Journal - Dec 17 2012]
Kabe Exploration Inc. Announces Oil & Gas Devel... [Published EON Energy - Dec 13 2012]
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Top China Stories from WSJ: AIG Sale, Hon Hai D... [Published WSJ.com: China Real Time Report - Dec 18 2012]
AIG plans to raise as much as $6.5 billion by selling its stake in AIA; workers at Foxconn's China campuses are concerned about limits on overtime; China Gas agreed to buy the Chinese gas assets of U.K.-based Fortune Oil for $400 million. ...
China Gas to Buy Fortune Oil’s Gas Assets in China [Published Infoseekchina - Dec 17 2012]
Source: Wall Street Journal By Yvonne Lee China piped-gas distributor China Gas Holdings Ltd. is planning to buy the Chinese gas assets of the company that helped it fend off a takeover bid this year by state oil giant China Petroleum & Chemical ...
China Gas Inks Deal After Fending off Sinopec [Published WSJ.com: Deal Journal - Dec 17 2012]
China Gas Holdings Ltd., better known as the firm that thwarted a $2.15 billion takeover from Chinese state-owned behemoth China Petroleum & Chemical Corp., or Sinopec, has just struck a deal of its own.The Chinese piped gas distributor has signed an ...
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Press Releases

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Kabe Exploration Inc. Announces Oil & Gas Devel... [Published EON Energy - Dec 13 2012]
Kabe Exploration Inc. Announces Oil & Gas Devel... [Published EON Natural Resources - Dec 13 2012]
Kabe Exploration Inc. Announces Oil & Gas Devel... [Published EON Business - Dec 13 2012]
Kabe Exploration Inc. Announces Oil & Gas Devel... [Published EON Environment - Dec 13 2012]
Kabe Exploration Inc. Announces Oil & Gas Devel... [Published Business Wire Energy News - Dec 13 2012]
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