Fortune Oil announced results for the six months ended 30 June 2013.
Financial highlights
Operational highlights
Mr Qian Benyuan, Chairman of Fortune Oil , commented: “Our natural gas business has continued to expand rapidly with demand in China for natural gas outstripping supply. Fortune Oil’s exciting development with China Gas Holdings Limited will further enhance our exposure to China’s rapidly expanding natural gas industry.”
“The oil business continues to make good progress. The Bluesky aviation fuel business is well positioned to participate in the anticipated continued growth in air travel in China. We expect demand for oil and oil based products in China to continue to remain strong and the Board is excited by the medium term growth prospects for our oil business”