Acquisition of Property in Northern California Oil & Gas Belt.LOS ANGELES--(BUSINESS WIRE)--July 2, 1998--Fortune Oil & Gas Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :FOGC FOGC Family of God Church (Hawaii) ) announced today that they acquired an interest in a natural gas and oil producing property in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . The acquisition has resulted in Fortune gaining a forty-five (45) percent working interest in 1200 gross acres, presently containing one producing 100,000 CF gas well and another well awaiting completion. A total of 32 additional wells will be drilled at a rate of one a month to the Purisma Miocene Eocene Structures. Potential reserves are estimated to be 150 mm barrels of oil and 62.1 BCFG BCFG Fog Patches (Terminal Area Forecast) BCFG Billion Cubic Feet Gas BCFG British Cold Forging Group from the Purisma Franciscan Stata. To get further news releases or receive more information about this company, please contact: WorldWide Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , phone: 888/612-7776, fax: 213/612-7795, e-mail: dan09@ibm.net. The statements regarding the company's expectations for growth in sales and profitability in future periods are forward-looking and actual results may vary. Sales of the company's products are subjectto a number of risks and uncertainties, including, but not limited to changes in the regulatory environment, the ability of the company to react favorably to changing market conditions and growth in the physical medicine industry and general economy; competitive factors, such as increased competition from new or established competitors; market acceptance of new products; availability of third party component parts and products at reasonable prices; inventory risks due to shifts in market demand and/or price erosion of purchased components.
CONTACT: WorldWide Public Relations
888/612-7776
dan09@ibm.net
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