| 1.   | I              have reviewed this quarterly report Form 10-QSB of Fortune Oil & Gas              Inc.; |
|----------------|------------------------------------------------------------------------------------------------------------|

| 2.   | Based              on my knowledge, this report does not contain any untrue statement              of a              material fact or omit to state a material fact necessary to make the              statements made, in light of the circumstances in which such statements              were made, not misleading with respect to the period covered by this              report; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Based              on my knowledge, the financial statements, and other financial information              included in this report, fairly present in all material respects the              financial condition, results of operations and cash flows of the small              business issuer as of, and for, the periods presented in this              report; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | The              small business issuer’s other certifying officer(s) and I are responsible              for establishing and maintaining disclosure controls and procedures              (as              defined in the Exchange Act Rules 13a-15(e) and 15d-15(e)) for the              small              business issuer and have: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Designed              such disclosure controls and procedures, or caused such disclosure              controls and procedures to be designed under our supervision, to ensure              that material information relating to the small business issuer, including              its consolidated subsidiaries, is made known to us by others within              those              entities, particularly during the period in which this report is being              prepared; |
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| (b)   | deleted; |
|-----------------|----------|

| (c)   | Evaluated              the effectiveness of the small business issuer’s disclosure controls and              presented in this report our conclusions about the effectiveness of              the              disclosure controls and procedures, as of the end of the period covered              by              this report based on such evaluation; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Disclose              in this report any change in the small business issuer’s internal controls              over financial reporting that occurred during the small business issuer’s              most recent fiscal quarter (the small business issuer’s forth fiscal              quarter in the case of an annual report) that has materially affected,              or              is reasonably likely to materially affect, the small business issuer’s              internal control over financial reporting;              and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | The                small business issuer’s other certifying officer(s) and I have disclosed,                based on our most recent evaluation of internal control over financial                reporting, to the small business issuer’s auditors and the audit committee                of the small business issuer’s board of directors (or persons performing                the equivalent functions) |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | all              significant deficiencies and material weaknesses in the design or              operation of internal control over financial reporting which are              reasonably likely to adversely affect the small business issuer’s ability              to record, process, summarize and report financial information;              and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Any              fraud, whether or not material, that involves management or other              employees who have a significant role in the small business issuer’s              internal control over financial              reporting. |
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|                                                        |                                                                                            |                                 |
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|                                                        | *FORTUNE              OIL & GAS, INC.*                                                      |
|                                                   |                                                                                       |                            |
| *Date:* *February              8th,              2006* | By:                                                                                   | /s/ James              Wensveen |
|                                                        | James              Wensveen *Chief              Executive Officer*     |