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Fortune Oil |
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Page details. The linked page has shareprice links too. This page contains the text of three significant recent announced events and the pipeline project Company official webpage here - see e.mail link. Mail details see the foot of this page Reporting see below. |
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Late April or Early May |
Report for the previous calendar year up to end December. |
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Late September |
Report for the calendar half year up to end June. |
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Merry Christmas to all.
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A Happy New Year.
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Charts from Barclays. On February 18th. The fall back to around 7.5p suggests a pause in the rise, with range trading between 7 and 8p for a time. |
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Note the link between volume and rises. Also (as hinted by "Rothchild's Pigeon") the RSI "low" in early Feb. ahead of the latest surge! |
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RNS RNS Number:0437V Fortune Oil PLC 05 February 2004
For immediate release
5 February 2004 |
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RNS Number:1390V Fortune Oil PLC 06 February 2004 |
SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS |
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Director Share Purchase |
1. Name of company 2. Name of director FORTUNE OIL PLC TREVOR BEDFORD SHAREHOLDER NAMED IN 2 ABOVE TREVOR BEDFORD discretionary RELATES TO DIRECTOR NAMED IN 2 ABOVE PURCHASE 7. Number of shares/ 8. Percentage of issued 9. Number of shares/ 10. Percentage of issued amount of stock class amount of stock class acquired disposed 170,000 0.012 NONE NONE 82,500 0.006 11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed ORDINARY 1P 5.75p 5 FEBRUARY 2004 6 FEBRUARY 2004 5.90p 15. Total holding following this notification 16. Total percentage holding of issued class following this notification 1,353,055 0.095 SANDI CHOI 020 7589 2233
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25. Name and signature of authorised company official responsible for making this notification SANDI CHOI Date of notification 6 FEBRUARY 2004 |
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RNS Number:3123V Fortune Oil PLC 12 February 2004 |
FORTUNE OIL PLC ("Fortune Oil" or "the Company") SENIOR MANAGEMENT APPOINTMENT |
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John Pexton |
Fortune Oil is pleased to announce the appointment of John Pexton as Deputy Chief Executive with immediate effect. Mr. Pexton, 43, has a background both in investment banking and the oil industry. Educated at Jesus College, Cambridge and London Business School, Mr. Pexton spent seven years in the downstream oil industry with KBC Advanced Technologies. In 1993 he joined the Project Finance department of Morgan Grenfell, part of the Deutsche Bank Group. During the last decade he has focused on corporate and project finance in the oil & gas and petrochemicals sectors, particularly in China and the Middle East. |
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Experience |
His significant experience includes: * Director, Corporate Finance and Head of Asia Project Finance for Deutsche Bank AG, Hong Kong Branch, and advising PetroChina on the West-East Gas Pipeline Project.. * Developing Deutsche Bank's Middle East energy business, including privatisation and structured finance. * Qualified chartered chemical engineer, working on oil & gas projects across the globe. Mr. Pexton lives in Hong Kong and will be based at Fortune Oil's headquarters in Hong Kong. |
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Comment |
Bruce McGowan, Executive Vice Chairman of Fortune Oil, commented: "I am delighted to welcome John to Fortune Oil and look forward to working with him. His considerable experience in corporate and project finance within the oil and gas sector will be a huge asset for the company and I believe he will help us to exploit future business opportunities." |
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ENQUIRIES: Fortune Oil PLC Tel. 020 7589 2233 Bruce McGowan, Executive Vice Chairman ICIS Limited Tel. 020 7628 1114 or Archie Berens 07802 442486 |
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The Pipeline Joint Venture. |
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Rigzone.com July 2003 |
Fortune has agreed to take up to an 80 percent share in a joint venture with China National Petroleum Corporation, which will own and operate four distribution pipelines. The pipelines will offtake natural gas from the Shaanxi-Beijing trunk pipeline system for supply to the cities of Shouzhou, Pinglu, Jinshajing and Tianjin. The joint venture will also construct local gas reticulation systems and will sell natural gas to domestic and industrial consumers in the cities. Fortune's initial investment is expected to be £3 million and will be payable from cash and banking facilities. Asset valuations and due diligence have commenced and a further announcement will be made as soon as these are completed. |
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Yahoo July 2003 |
Short Term Commentary The stock´s short term trend strength is ascending rapidly. The price is in a rally, we will now let the profits run. Medium Term Commentary Medium term price trend for Fortune Oil PLC is still bullish this week. This stock overperforms the FTSE 100 INDEX by 10.77 %. Volatility has been decreasing during last month. Be alert to the proximity of resistance 1.75 , and a possible retracement from this level. Daily and weekly technical indicators, alert of the proximity of a market TOP. Keep track of possible bearish divergences on RSI that will confirm this scenario.
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Page compiled 17th. February 2004 revised 19th February 2004 |