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To: scouser who wrote (13059)	11/2/1999 7:03:00 AM
From: Mr Metals	Respond to of 150070

In a message dated 10/31/99 5:17:17 PM Eastern Standard Time,Editor@wallstreetwest.com writes: U.S. OIL JUNIOR POISED FOR GIANT RESULTS ON A NUMBER OF MAJOR PROVEN CONCESSIONS. INDONESIAN PROJECT AIMS FOR "MONSTER FLOWS" - 600 MILLION BARRELS OF PROVEN OIL TO DATE THE START OF EXTRACTION COULD BEGIN IN AS EARLY AS FOUR WEEKS TIME We have a little known public company with a fantastic risk/reward ratio in our opinion. Fortune Oil and Gas In(OTC BB: FOGC:.39) has five properties set to go into production over the next year, with two of these coming almost immediately. With 600 million barrels of oil and counting being held directly or indirectly, this company will be a strong up and coming force in the Oil Industry for years to come. Contractors such as Core Labs (NYSE: CLB) will be overseeing the projects with positive extraction terms to date having been reached. With just 12.2 million shares outstanding, trading at 40 cents per share, Fortune (FOGC) is poised to soar with current oil prices and long term contracts. The share structure of the company is extremely tightly held and is a major factor in predicting a very solid base at current levels. Company insiders have been reported to be buying shares from the already minimal public float that is out there. The upside to this play as briefly stated above is enormous as these type of reserves coupled with the fact extraction crews are already contracted shows the magnitude of the direction Fortune Oil and Gas is paving. Fortune is debt free and has an excellent relationship with the Indonesian government as well as Pertamina, the Indonesian National Oil Company. There are several reasons we are so excited about this particular play. Number one is the fact that there are only a half a million or so shares in the public float. When you factor in the properties they have and the properties about to go into development which are already drilled and proven, a possible 20 bagger scenario quite easily exists for shareholders of this stock. The company recently announced financing of $1,000,000 USD, the terms were for one share at 60 cents with an additional warrant at $1.25/share. Closing is reported as November 30,1999 with three firms in the hunt. Closing of this in our opinion is a no brainer and the simple fact of all the demand without a market discount indicates the value this company has. SEC filings to date are moving on schedule as reported in a recent press release and company representatives have said fully reporting status will be met in an efficient and timely fashion for all parties concerned. Fortune Oil and Gas Inc. is a very high value speculative investment having the potential to reward investors handsomely. Fortune has the oil and gas in the ground and is ahead of 99% of all oil juniors for that reason alone. The word speculative better states the fact that Fortune Oil and Gas Inc. at this time is ready to announce the first of many lucrative, eye opening deals and contracts. This however could take up to a week for various reasons and gives investors the opportunity to get in at these very appealing prices. Production: With production set to begin shortly , Fortune has some very interested and influential analysts ready to cover their story. This is very key with exposure being phenomenal from many areas of the globe. Our near term target for FOGC is $3.90/share with a 12 month target of $12/share. Here are some recent press releases issued by the company: Production: With production set to begin shortly, Fortune has some very interested and influential analysts 12 month target of $12/share. Here are some recent press releases issued by the company: Thursday October 14, 11:41 am Eastern Time Company Press Release Fortune Oil & Gas, Inc. Shareholder's Update VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 14, 1999--Fortune Oil & Gas, Inc. (OTCBB:FOGC - news) announces today that negotiations are proceeding extremely well, with five independent oil fields set to go into production within the 1999/2000 year. FOGC is aggressively pursuing oil and gas acquisitions with several parties at this time. A detailed news release will be following laying out the specific properties and giving shareholders tangible projected revenue numbers, projected earnings, extraction costs, etc. Fortune expects to have this comprehensive release out to investors shortly as all parties involved are striving to complete these tasks on a timely basis. Fortune Oil & Gas is unique in the sense that the majority of its potential holdings are drilled and ready for extraction. Further drilling on these properties would entirely be to increase reservesand generate greater production from any given area. Fortune is not primarily an exploration company; it is an extraction and development company which is set to greatly increase shareholder value for the last quarter of 1999, going well into the 21st century. Fortune's directors would like to reiterate to shareholders and the public that the company carries no debt and is in a cash positive position. All SEC filing/reporting requirements are well underway and will be filed in plenty of time to meet all necessary approval processes. The company has and will continue to do all business, filings and the likes in accordance with strict and appropriate regulation procedures to insure the long-term success and integrity of the entire company. Contact: Fortune Oil & Gas, Inc. David Nunn or James Wensveen, 604/607-3737 (Fax) 604/728-6281 or (Investor Relations) Jim Ross, 604/421-5079