Quote:HENDERSON, NEVADA, Feb 23, 2012 (MARKETWIRE via COMTEX) -- Fortune Oil & Gas, Inc. (pinksheets:FOGC) ( http://www.fortuneoilandgascorp.com ) The management acknowledges its shareholders and followers requests to provide further updates on the activities of FOGC. As aforementioned in our previous news release of Jan 20 2012 amongst other things, the company recently announced that a Geological Evaluation Report for the, BC, Canada, property has been prepared and completed on behalf of Alta Mining, Inc. (the "Report"). Work by others in the area has shown that the mineralization in the area may respond to geophysical surveys. Details of the report were made available on the "Support Suite" of alternative reporting. bit.ly/supportsuite A filing with State of Nevada shortly will indicate an authorized share http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=c63OrSJFMiS2M7UyRqOzYQ%253d%253d&nt7=0 structure increase from 888 million to 2.8 billion. The share structure was necessary to accommodate a possible MERGER into FOGC and to accommodate fees and payment dues of the aforementioned report. FOGC is in the process of completing OTC Markets Adequate Disclosure documents including a legal opinion. The company will commence uploading these documents on the OTC Markets web site within next couple of weeks. Regarding the oil exploration division: Cressent Energy continues business as usual. http://cressentenergy.com Cressent is an already a revenue producing entity. More details will follow shortly.