FOGC Fortune Oil & Gas, Inc.

[ddblock808]

Fortune Oil and Gas Inc. (FOGC) Merger with Alta Mining Complete

Press Release Source: Fortune Oil & Gas, Inc. On Friday March 25, 2011, 3:45 pm EDT
HENDERSON, NEVADA--(Marketwire - 03/25/11) - Fortune Oil & Gas, Inc. (PINK SHEETS:FOGC - News) (ALTA MINING) is pleased to announce that the merger with Alta Mining Inc. has been finalized.

Following certain administrative hurdles, Alta Mining has been successfully vended into Fortune Oil and Gas, Inc. Alta Mining is a junior mining company dedicated to performing cost effective and highly competitive exploring and developing operations on economically viable mineral deposits situated in geopolitically stable, well known and historically proven mining areas.

Alta Mining is deeply committed to providing a constant increase of value for their shareholders and are confident that their market position, coupled with their unique business perspective, will ensure the success of the company's plan to acquire and develop precious metals properties and successfully achieve their long-term goals.

The company management stated, "FOGC is back on board with a great business opportunity. Alta offers a great connection in the mining industry and we expect the company to bring exiting mining exploration opportunities. Following the merger, the company plans to start optioning exploration properties with valid mining potential. The company expects to have a minimum of one property optioned for exploration before the 2011 exploration season starts in May. We will continue looking at other viable mining businesses for mergers, but for now, we are extremely pleased with Alta and its professionals, and expect to achieve some results in mining exploration."

In other company updates, the company shortly intends to name a new CEO with mining expertise, a complete new board member roster and will shortly begin to update the OTC Markets with filings company financials and other relevant data.

[ddblock808]

Fortune Oil & Gas, Inc. (FOGC) New CEO Appointment and Management Update

Press Release Source: Fortune Oil & Gas, Inc. On Monday March 28, 2011, 3:30 pm EDT
HENDERSON, NEVADA--(Marketwire - 03/28/11) - Fortune Oil & Gas, Inc. (PINK SHEETS:FOGC - News) (ALTA MINING) has appointed Serge S. Acimovic as its new president and chief executive officer to take the reins of FOGC and its new Alta Mining Inc. subsidiary.

FOGC announced the finalization of its merger with Alta Mining on March 25, and the company is eager to get down to business and report to its followers. Acimovic brings a wide set of business skills and contacts to his position that will highly benefit the company. FOGC believes that Acimovic's ability to successfully synergize numerous business aspects will help it to quickly move forward and provide it with the needed strength to become a successful junior mining company. FOGC is positive that Acimovic will expand the company's Board of Directors with people who share a similar understanding of the mining industry and have expertise that should establish strong credibility in the industry.

FOGC is looking to further explore and exploit mining ventures and build a diversified portfolio of exploration and development projects with historically proven mining potential that meet the company's development standards. The negotiation process is to the point where the company can say that the upcoming mining season (starting in May 2011) will bring a lot of exploration activities. The new management is bullish on the mining industry and the company's financing is securely in place.

Alta Mining remains dedicated to overseeing cost-effective exploration and development operations on economically viable mineral deposits situated in geopolitically stable, well-known and historically proven mining areas.

In other corporate news, FOGC has completed its subscription agreement with OTC Markets and will soon commence updating OTC Markets with corporate and other relevant data. More updates will follow shortly and frequently.

[ddblock808]

Fortune Oil and Gas, Inc. (FOGC) Bids for Mining Property in British Columbia, Canada

Press Release Source: Fortune Oil & Gas, Inc. On Thursday March 31, 2011, 3:55 pm
HENDERSON, NEVADA--(Marketwire - 03/31/11) - Fortune Oil & Gas, Inc. (PINK SHEETS:FOGC - News) (ALTA MINING) has signed a Letter of Intent (LOI) for a mining property in British Columbia, Canada.

The LOI specifies that Alta Mining will acquire SHG Claim Set, a silver, lead and zinc-bearing property located in a well-known mining district about 25 kilometers northwest of Kaslo, B.C.

Mineralization on the property is typical for well-known silver-lead-zinc mineralization that occurs in the Triassic Slocan Group. The property also includes greenstones and ultramafic rocks of the Permian Kaslo Group, which also host rich silver-lead-zinc mineralization. The general structural trend is 310 degrees, dipping generally southwesterly. The mineral deposit is a polymetallic type of vein that bears silver, lead, zinc and sometimes gold.

The entire region is known for high-grade silver and gold deposits, and numerous past and current producers are in close proximity to the property. The latest reports on the property were completed in the early 1970s, but there was no significant success in revealing its mineral capacity.

A confidentiality clause in the LOI prevents FOGC from revealing more details about the property. The company will issue a full report immediately upon the execution of the final contract with the property owner.

FOGC has taken a major step forward in executing its strategy by securing a mining property with historically confirmed mineralization for its portfolio of projects, and sees this as a catalyst for further expansion. SHG Claim Set is a perfect fit for the company's development policy in that it has a history of mineralization and undeveloped potential caused by old exploration techniques. Modern technology gives FOGC an opportunity to compress the time that it takes to realize the full potential of the property.

FOGC CEO Serge S. Acimovic stated: "The business understanding between the claim holder and us is strong and positive. Post-LOI negotiations are moving in the desired direction with a big probability for a definitive agreement. Properties that are strategically well-placed in a district with a rich history of mining will fuse the company's power to implement advanced exploration technology on the historically defined and confirmed mining potential of SHG Claim Set.

"This LOI that calls for purchasing 100% of the ownership and all mineral rights on the proposed property is a major step forward in executing our strategies. This step will define Fortune Oil & Gas as a prosperous junior exploration company in the global mining market.

"Silver and other commodities that are present on the property have experienced a significant upward price movement through 2010 and the first quarter of 2011, and analysts aren't expecting those price increases to slow to any significant degree in the future. International market and political circumstances are working favorably in support of this upward trend, and industrial demand for silver isn't going to fall. All of these factors give us a strong belief that resource pricing will continue to move upward.

"The Letter of Intent will be superseded by a definitive agreement that's subject to mutual approval. It's intended to be completed upon both parties agreeing on the agreement structure that has to comply with all necessary legal and regulatory requirements. At the same time, it has to minimize or eliminate any unfavorable financial consequences for Fortune Oil & Gas and increase cost-effectiveness, which is the ultimate goal in the company's development policy."

[mickymoose99]

Alta Mining Inc. (FOGC) Shares Report on Property in British Columbia

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{"s" : "fogc.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Fortune Oil & Gas, Inc. On Tuesday May 31, 2011, 3:45 pm
HENDERSON, Nev., May 31, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC.pk - News) (ALTA MINING) is pleased to announce that its mining subsidiary Alta Mining Inc. has received a compilation report that gives more define overview and reveals great exploration potential on mining property located in the mining district of Kaslo, British Columbia (BC).

The region targeted by Alta's management is known for its potential for high grade silver deposits which, with appropriate exploration work, could be potentially developed as producing mines in near future.

Compilation reports underline that BC government assessment files indicate that there has not been significant recent work in the area and all reported work has been on small portions of the overall property. Past work completed on and adjacent to the Alta's Property have identified several areas for follow-up. The company is already in the process of assembling a systematic modern exploration program which should begin shortly and will take advantage of the summer weather conditions. The compilation report and interpretation of previously collected data for the property was carried out by a Qualified Person with respect to National Instrument 43-101.

Management is very encouraged by this report as it reconfirms our initial belief that the property is located in a very favorable area for hosting silver, and base metal deposits with prospective areas for discovering economic silver mineralization.

The compilation report will be posted on OTCVerify web site for readers' viewing.

More news and updates to follow

[mickymoose99]

Cressent Energy (FOGC) Additional Oil Field Acquisition



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Press Release Source: Fortune Oil & Gas, Inc. On Friday July 8, 2011, 3:45 pm EDT

PASADENA, Texas, July 8, 2011 /PRNewswire/ -- Fortune Oil & Gas, Inc. (Pink Sheets:FOGC.pk - News) Fortune Oil & Gas Corporation) and Cressent Energy Inc., subsidiary of Cressent Energy, is pleased to announce an interest in purchasing a field and a well in Liberty Salt Dome with proven minor production capabilities.

Cressent Energy is actively discussing the purchase of a well able to approximately produce an additional $250,000 in annual revenues for the company. The company is currently seeking an opinion from a petrochemical engineer to confirm the well's ability to produce this revenue on an ongoing basis. Cressent's plan is to boost company income and provide revenues to move the company efforts from small drills to larger projects and higher oil production. To accomplish this, the company management continues to seek all possible and affordable avenues for expansion to speed up the company growth, while working on the existing company ongoing projects in order to pool resources and revenues and proceed with the large scale projects, such as the Liberty Salt Dome production.

In other news and as a note from management, Cressent is using this opportunity to point out to its followers that, in the U.S. petro-chemical industry, the company needs to be an "operator" to be permitted by law to exploit oil resources and bring oil to the surface, and not every company in the oil industry can be, or is, an operator. The company believes this gives Cressent a significant edge in the oil exploration industry

[mickymoose99]

Fortune Oil and Gas, Inc. (FOGC) Updates on Company Expansions



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Press Release Source: Fortune Oil & Gas, Inc. On Monday July 11, 2011, 3:45 pm

HENDERSON, Nev., July 11, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (PinkSheets:FOGC.pk - News) and its management offers a summary and an update to the recent achievements of the company subsidiaries Alta Mining and Cressent Energy.

Both subsidiaries had been hard at work using their image as a public company to expand in their energy and mining niches. The companies continue their expansion plans as scheduled. The corporate website had also been updated (Fortune Oil & Gas Corporation).

Alta Mining is in final stages of negotiations in British Columbia, Canada, to secure a vast property with silver mining potential. The company will not release any further details regarding these negotiations due to a Confidentiality Agreement between the parties. This is one of the largest claims in the area with historically proven findings of precious metals. With the prices of precious metals soaring, the company continues to pursue this opportunity. If successfully purchased/optioned, Alta Mining would become a holder of a significant silver mining property and a global player in silver market. Alta Mining currently holds all its claims in geo-politically stable mining areas, namely Canada.

Cressent Energy has a roster of expansion initiatives on the table. The company is looking to expand by purchases of small, oil-producing wells in Texas and pool its resources and start larger drilling operations in the South Liberty Field. The geology reports from this field expect oil and gas value of this field in excess of $100 million. The company plans to pursue this opportunity using its own resources rather than seeking investors that would require Cressent Energy to yield a substantial percentage of this opportunity in exchange.

Besides the current active developments and opportunities, both companies continue to look further into acquisitions of other viable properties. As the global demand for resources continues to escalate, Alta Mining continues to seek mining opportunities in Canada and South America. Cressent Energy is looking at additional Texas leases such as west Texas and Eagle Ford Shale, as the US government taps its oil reserves to ease the global oil prices that slow the global economy.

Louis Purvis, the CEO of FOGC stated, "We want our followers to see that our subsidiaries offer a great potential in the current global economy hungry for metals and energy. Both Cressent Energy and Alta Mining are doing their part to engage and expand. We like Alta Mining's strategy of following previously under-explored claims in viable mining areas, as well as Cressent's ability to find new and viable Texas oil leases, wells and "Proven Undeveloped Drill Sites" (PUDS) available for purchase and company expansion. The fact that Cressent is in the oil production stage as an "operator", meaning that they are permitted by the US government to bring oil to the surface, is an extremely valuable asset to FOGC. Even mining and energy sectors can move slowly, we think both companies are doing an excellent job as part of FOGC

[mickymoose99]

Alta Mining (FOGC) Exploration in a Mineral-Rich Region of BC, Canada



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Press Release Source: Fortune Oil & Gas, Inc. On Wednesday July 13, 2011, 3:45 pm

HENDERSON, Nev., July 13, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (FOGC; Fortune Oil & Gas Corporation) and its subsidiary Alta Mining, driven by the latest compilation report based on the previous exploration work and significant geological potential (contoured by geologists who had worked on the property in the past), are entering final stages of the negotiation process which could result in significant enhancement of the company's presence in the region.

Alta Mining is in the process of building a sizable inventory of base metal resources and is on an aggressive hunt to add an additional mineral property into its portfolio. The company is seeking to expand the size of its presence across a relatively under-explored territory proximate to its current positions. Alta management is confident that a possible increase of the company mining portfolio into an area with already proven mineral deposits will help it to benefit from the reality of the current mining and commodity market environment.

Upon conclusion of the negotiation process, Alta is going to determine future exploration plans and start with property development focused predominantly on the quick and accurate exploration techniques that will further reveal property's mining potential. This kind of business dynamic should allow the company to increase the value of its natural resource potential, integrate itself effectively into the global mining market and keep FOGC as a favorable competitive investment opportunity for its current and future shareholders

[mickymoose99]

Cressent Energy (FOGC) Return of Successful Results



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Press Release Source: Fortune Oil & Gas, Inc. On Friday July 15, 2011, 3:45 pm EDT

HENDERSON, NEVADA--(Marketwire - 07/15/11) - Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC - News)(Fortune Oil & Gas Corporation) is pleased to announce that its Cressent Energy's joint venture in El Paso, Texas announced on July 8, 2011 delivers results.

The undisclosed company is a broker for buyers and sellers of income-producing oil properties. Similar to a real estate broker, this unnamed company works to help people find a property that will make them money.

The cooperation has brought Cressent Energy several oil opportunities that are currently under review by the company. The company will seek an opinion from a petrochemical engineer to confirm the wells' abilities to produce revenue on an ongoing basis well into the future. If the reports prove viable reserves in these oil wells, Cressent will proceed with acquisition on these leases.

Through this cooperation, Cressent Energy is looking to acquire 40 leases located in Northwest Texas with over 100 wells present on these properties, in one of the Texas' leading oil counties.

The company is excited about these expected results and intends to release more details shortly.

[smartinvest22]

We will always need oil. That's why Cressent primary focus is on reopening domestic, old wells that were once abandoned by bankrupt operators who couldn't have reached resources as deep as $1.1 kilometers. With state-of-the-art 3D seismic technology they could reach these reserves and pump the oil to the surface easily.

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Cressent Energy (FOGC) Swift Acquisition Completed



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Press Release Source: Fortune Oil and Gas, Inc. On Wednesday July 20, 2011, 3:30 pm

PASADENA, TEXAS--(Marketwire - 07/20/11) - Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC - News)(http://www.fortuneoilandgascorp.com); Cressent Energy management is pleased to announce that it finalized an all-cash basis for the acquisition of an oil well with solid production capabilities.

FOGC was solicited for a purchase of a well currently producing 8 barrels of oil a day. The management is currently exploring other ways and means of, adding additional revenues to the company purse. The Company is of the opinion the production of this well can be increased to up to 16 barrels a day.

Mr. Louis Purvis, Cressent CEO, stated, "The company from which we are acquiring this property has a portfolio on wells in a different drilling area, with only a single well in our vicinity. This makes it difficult and time consuming for them to maintain this well."

More updates on both subsidiaries to follow shortly.