*** fogc !!!! ***

[smartinvest22]

FOGC - further to the news of Alta buying 24 claims totaling 6000 hectare Cressent is looking to acquire properties with over 100 oil wells!

[smartinvest22]

FOGC SUBSIDIARY CRESSENT IS SITTING AT A $110 MILLION WORTH OF OIL AND GAS RESERVES!!! bit.ly/o1o2ZS

[smartinvest22]

FOGC Q2 fins due out soon, FOGC in a positive revenue generating mode! Lots of untapped potential yet to unravel! FOGC is now on a radar!!

[smartinvest22]

FOGC draws upon Mid East crisis and a demand for oil being two key drivers for oil price. That's why all FOGC volume surge was due lately in all investors anticipation of a good production output.

[smartinvest22]

Cressent Energy (FOGC) to Purchase Wells With $1.2 Million Annual Production Capacity

HENDERSON, NEVADA, Aug 26, 2011 (MARKETWIRE via COMTEX) -- Fortune Oil and Gas' (PINK SHEETS: FOGC) (Fortune Oil & Gas Corporation) subsidiary Cressent Energy (Cressent Energy Inc.) informs its followers that the evaluation of the North Texas wells has been finalized with positive results.
The company sought out the opinion of a petrochemical engineer to confirm the wells' abilities to produce revenue on an ongoing basis and well into the future. This process has now been finalized and Cressent management is currently negotiating with the owners to purchase this property.

The purchase consists of 2 wells able to produce approximately 40 barrels of oil daily. Cressent management estimates the monthly revenues from these wells to reach about $100,000 a month, which would translate into $1.2 million annually.

The purchase negotiations are currently underway. This purchase continues the Cressent management's plan for organic growth without outside investment or debt.

The opportunity to purchase these wells came from Cressent Energy's cooperation with the U.S.A.-based broker for buyers and sellers of income-producing oil properties. Similar to working with a real estate broker, this unnamed company works to help people find a property that will make them money. Cressent plans to continue its cooperation and is looking to acquire some 40 leases with over 100 wells present on these properties.

More details will follow shortly.

[smartinvest22]

FOGC branches into two diversified operations w/ 1st one pending a report on oil mineralization found on one of their leased properties. Can't wait for a full and insightful report to come through on OTCVerify ! With that single leased agreement it makes its oil subsidiary Cressent Energy sit at a $110 MILLION worth of oil and gas reserves!

[pennystockshark]

Investing is a best method to take more money as per expected..........

[smartinvest22]

*HEAR HERE!! $FOGC taking advantage of the unrest in oil market and its underlying trends, in September alone FOGC acquired another 3 oil wells that it believe will drive growth. These 3 single wells are expected to generate over $1 MIL in revenues! The aggregate figures FOGC anticipates to accrue should turn up in excess of $18 MILLION!!