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SUPPLEMENT NO. 2 TO ORIGINAL PROSPECTUS
FILED BY FORTUNE PETROLEUM CORPORATION
DATED FEBRUARY 28, 1997
Item 5. Other Events
On April 7, 1997, Fortune Petroleum Corporation was advised by
Consolidated Natural Gas Production Company ("CNG"), the operator of its
offshore South Timbalier Block 76 well, that CNG believes it has located the
source of the leak which caused the well to lose casing pressure and resulted in
the well having been shut in on March 24 for repairs. The leak was apparently
caused by a failed packer at about 15,000'. CNG expects the repairs to be
completed and the well to be placed back on production within approximately ten
days at a total cost somewhat lower than originally projected.
Supplement No. 2 Filed April 7, 1997
