Fortune Oil proposes to dispose of natural gas business
Date: Wednesday 16 Jan 2013
China-focused resources firm Fortune Oil has received a formal waiver from the facility agent on behalf of the over two thirds majority of lenders from the Fortune Oil group’s medium-term lending syndicate.
Tuesday tips round-up: Aggreko, Hunting, Fortune Oil,
Date: Tuesday 18 Dec 2012
There was a sense of déjà vu in yesterday’s profit warning and share price fall for temporary power group Aggreko. In late 2009, the company issued a similar alert that turned out to be an ideal buying opportunity for new investors in the shares and The Telegraph´s Questor team thinks yesterday’s events present a similar situation. Past performance is no guide to the future but yesterday’s 22 per cent share price fall, which wiped about 2bn pounds off the group’s stock market value, looks extreme.
Fortune Oil gets ready for China gas sales
Date: Wednesday 05 Sep 2012
Fortune Oil, the China-focused resources firm, has signed a contract for a gas gathering system to connect its Liulin coal bed methane field in Shanxi Province to an existing wholesale station.