2010-01-14-2009-11-16-2009-11-16

Acquired remaining interest in Chinese CBM company.

Fortune Oil Plc, London, (London: FTO) has acquired the remaining 26.1% interest in Fortune Liulin Gas Co. Ltd. from Molopo Energy Ltd., Melbourne, (Australia: MPO) for $6 million in cash and stock. Fortune Oil will pay $4 million in cash and issue 14.3 million new shares to Molopo, formerly known as Molopo Australia Ltd. As a result of the acquisition, Fortune Oil, through its 85%-owned subsidiary Fortune Green Energy Ltd., will own Fortune Liulin, as well as 100% of foreign contractor rights in the Liulin coalbed methane block in Shanxi Province, China. The Liulin production sharing contract is in the central Hedong coal field, approximately 310 miles from Beijing. Admission of the new shares on the London Stock Exchange was expected to take place on Nov. 19, with the deal closing Nov. 20.