Fortune Oil and Gas (FOGC) General Update
23 Fevereiro 2012 - 4:42PM
Marketwired
Fortune Oil & Gas, Inc. (PINKSHEETS:FOGC)
(www.fortuneoilandgascorp.com) The management acknowledges its
shareholders and followers requests to provide further updates on
the activities of FOGC. As aforementioned in our previous news
release of Jan 20 2012 amongst other things, the company recently
announced that a Geological Evaluation Report for the, BC, Canada,
property has been prepared and completed on behalf of Alta Mining,
Inc. (the "Report"). Work by others in the area has shown that the
mineralization in the area may respond to geophysical surveys.
Details of the report were made available on the "Support Suite" of
alternative reporting. http://bit.ly/supportsuite
A filing with State of Nevada shortly
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=c63OrSJFMiS2M7UyRqOzYQ%253d%253d&nt7=0
will indicate an authorized share structure increase from 888
million to 2.8 billion. The share structure was necessary to
accommodate a possible merger into FOGC and to accommodate fees and
payment dues of the aforementioned report.
FOGC is in the process of completing OTC Markets Adequate
Disclosure documents including a legal opinion. The company will
commence uploading these documents on the OTC Markets web site
within next couple of weeks.
Regarding the oil exploration division: Cressent Energy
continues business as usual. http://cressentenergy.com Cressent is
an already a revenue producing entity.
More details will follow shortly.
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& Gas, Inc., that constitute forward-looking statements for
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"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. Fortune Oil & Gas, Inc. cautions
you that any forward-looking information provided by or on behalf
of Fortune Oil & Gas, Inc. is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
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results may differ materially from those anticipated in such
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