Fortune Oil today reports its results for the financial year ending 31 December 2012.
Corporate highlights:
Financial highlights:
Operational highlights:
Outlook:
Mr. 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.
“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.”
[mappress] LNG World News Staff, April 25, 2013