Fortune Oil Makes Progress at Liulin CBM

Fortune Oil continues to make significant progress at its Fortune Liulin CBM operations and the project remains on track for first gas sales in 2012, the company said Thursday.

It said that contractors have been selected to progress the construction of the gas gathering system.

The initial vertical sections have been drilled and completed to up to the radius bend for the two more horizontal wells and the in-seam drilling for these wells is expected to be completed in the first quarter of next year.

Meanwhile, Dart Energy is expected to further increase its stake in Fortune Liulin Gas (FLG) taking its share to 50%.