News Results for Oracle Power (ORCP)
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01 Dec
08:59Oracle Power, partner to no longer pursue Guinea iron ore prospectPower project developer Oracle Power said it and Sheikh Ahmed Dalmook Al Maktoum would no longer pursue a potential iron ore development in Guinea. The potential investment had been flagged by the...
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16 Nov
09:11Oracle Power acquires gold prospects in AustraliaResources group Oracle Power said it had agreed to acquire two gold projects in Western Australia for a combination of cash and shares. The Northern Zone and Jundee East projects were acquired for...
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09 Oct
08:06Oracle Power says regulatory meetings back on track for Pakistan power projectEnergy company Oracle Power said meetings had been scheduled with officials in Pakistan with regards to its Thar Block VI venture, following delays caused by personnel changes. The company said it...
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28 Aug
13:16Oracle power invited to present project plans to Pakistani authoritiesOracle Power said it had been invited, along with its consortium partners, to meet with authorities in Pakistan to present plans for the Thar Block VI project. Oracle was planning to build the...
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03 Apr
09:48Oracle Power doesn't expect Covid-19 crisis to disrupt Pakistan coal developmentOracle Power said it did not expect the Covid-19 crisis to disrupt the development timetable for its Thar coal mine and power plant project in Pakistan. Chief executive Naheed Memon said the past...
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16 Dec
08:22Oracle Power forges joint development agreement for Pakistan projectOracle Power said it had signed a joint development agreement for a coal-fired power project in Pakistan with the private office of H.H. Sheikh Ahmed Dalmook Juma Al Maktoum and China National Coal...
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12 Aug
09:31Oracle Power raises capital via share placingOracle Power, which is planing to build a coal mine and power plant in Pakistan, said it had raised £0.5m via a share placement. New shares in the company were issued a 0.25p each. Subscribers in...
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10 Jul
09:19Oracle Power makes further draw down on Brandon Hill Capital loanOracle Power, which is developing a coal-fired power plant in Pakistan, said that it had received a further tranche of £50k from Brandon Hill Capital. The sum was the second amount drawn down...
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02 Jul
07:55Oracle Power, Chinese partners submit licencing fee for Pakistan projectOracle Power said a $50k payment had been submitted to Pakistani authorities as part of the approvals process for its coal and power JV project in the country's Sindh province. The payment was...
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18 Jun
07:48Oracle Power books annual loss as it develops Pakistan power plant planOracle Power booked a full-year loss as it continued to develop a proposed coal mine in power plant in Pakistan. Pre-tax losses for the year through December amounted to £880k, compared to losses...
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05 Jun
07:42Oracle and partners tweak Pakistan coal mine development planOracle Power said it and partners had decided to develop a planned coal mine in Pakistan a single phase of 8m tonnes a year. That would alter a previous plan to build the mine in two 4m tonne...
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03 May
08:38Oracle Power says pact with Chinese partners remains valid despite signing omissionsOracle Power said said some sections had been remove from a non-binding agreement with Chinese partners about a coal mine and power development in Pakistan following a signing ceremony last week....
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27 Mar
09:29Oracle Power takes slightly higher stake in Pakistan coal ventureOracle Power said the equity holdings had been revised for its non-binding Pakistan coal project agreement with Beijing Jingneng Power Company and PowerChina International Group. Under the terms...
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28 Feb
15:30Director Deals - Oracle Power PLC (ORCP)Mark Steed, Chairman, bought 1,100,000 shares in the company on the 28th February 2019 at a price of 50.40p. The Director now holds 2,100,000 shares. NOTE: 0.166 Story provided by...
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25 Jan
08:13Oracle Power appoints Naheed Memon as CEOPakistan-focused coal miner and power generator Oracle Power said it had appointed Naheed Memon as its new chief executive. Memon had previously been a non-executive director of the company....
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27 Mar
09:12Oracle Power issues new shares for working capital fundingOracle Power, which is developing a power plant and associated coal mine in Pakistan, said it had raised £550k via a share issue for general working capital purposes. New shares in the company...
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09 Mar
08:17Oracle Power says Chinese partner agrees to proceed with Pakistan projectOracle Power said Sichuan Provincial Investment Group had formally agreed to proceed with their joint coal mine and power project in Pakistan. Sichuan Provincial and PowerChina International Group...
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12 Feb
16:35Director Deals - Oracle Power PLC (ORCP)Mark Steed, Chairman, bought 657,500 shares in the company on the 12th February 2018 at a price of 1.60p. The Director now holds 1,000,000 shares. NOTE: Aggregate price Story provided by...
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12 Feb
09:16Oracle Power receives approval for 700MW power plant in PakistanOracle Power said the company and its Chinese joint venture partners had received approval from Pakistani authorities to build a 700MW coal-fired power plant. The development marked the first...
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24 Jan
10:06Oracle Power interim chairman stands downOracle Power said interim chairman Anthony Scutt had stood down and been replaced, also on an interim basis, by non-executive director Mark Steed. "It is the intention to appoint a permanent...
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12 Jan
09:14Oracle Power acquires rest of Sindh CarbonOracle Power has agreed to acquire the outstanding shares in Sindh Carbon Energy for a maximum payment of £3.6m. An initial payment of £2.2m would be satisfied through the issuance of Oracle...
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28 Dec
07:47Oracle Power raises new cash at a premium to market priceEnergy developer Oracle Power has issued 27,023,652 shares at 2.3p, raising £621,544. The share placing has been done at a 20% premium to the closing price on 27 December. The stock has been...
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15 Nov
08:26Oracle Power lodges power plant applicationOracle Power has submitted a proposal to Pakistani regulators to build a 660MW power plant with its new Chinese partners. The proposal is the first phase of a 1,320 MW development. At 8:26am:...
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01 Nov
09:46Oracle Power confirms Chinese partnersOracle Power has confirmed that the two Chinese-state entities that have agreed to help fund a coal-fired power development in Pakistan are Sichuan Provincial Investment Group and PowerChina...
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30 Oct
09:25Oracle Power director stands downOracle Power said non-executive director Yves Mordacq has stood down for personal reasons. At 9:25am: (LON:ORCP) Oracle Coalfields Plc share price was -0.05p at 2.45p Story provided by...
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08 Jun
09:16Oracle Coalfields updates on Thar project financeEnergy developer Oracle Coalfields is upbeat about achieving a finance package for the coal-fired Thar power station project in Pakistan. "As previously stated, the elevation of our flagship asset...
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08 Jun
07:04FLASH: Oracle Coalfields provides market updateStory provided by StockMarketWire.com
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24 May
13:39Oracle Coalfields schedules AGMOracle Coalfields has scheduled its Annual General Meeting for Friday 23 June. At 1:39pm: (LON:ORCP) Oracle Coalfields Plc share price was -0.03p at 2.75p Story provided by StockMarketWire.com
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10 May
14:23Oracle Coalfields narrows lossesOracle Coalfields has reported that pre-tax losses for the year ended 21 December 2016 fell to £913,464, compared to £972,776 for 2015. The Company said: Oracle Coalfields PLC (AIM:ORCP), the UK...
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09 Jan
07:50ORCP updates on China-Pakistand Economic corridorOracle Coalfields has been advised by the relevant Pakistani Government authorities that its standing in the China-Pakistan Economic Corridor (CPEC) has been elevated to the Priority List. This...
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09 Jan
07:05FLASH: ORCP updates on China-Pakistand Economic corridorStory provided by StockMarketWire.com
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04 Oct
07:23Oracle Coalfields outlines board changesOracle Coalfields has decided to to restructure its board, with a view to strengthen the company's position for its next stage of development. It was also with a view to project delivery of Block...
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04 Oct
07:03FLASH: Oracle Coalfields outlines board changesStory provided by StockMarketWire.com
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17 Jun
07:38ORCP notes determination of feasibility stage coal priceOracle Coalfields, developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert, said the coal price has been determined by authorities. It had been set...
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17 Jun
07:05FLASH: ORCP notes determination of feasibility stage coal priceStory provided by StockMarketWire.com
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03 Jun
15:43Oracle inks deal over Pakistan developmentOracle Coalfields has noted the higher than normal level of trading activity in its shares and confirmed it has signed a shareholder framework agreement for a consortium of new and existing...
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22 Apr
15:03Oracle Coalfields appoints interim chairmanOracle Coalfields director Anthony Charles Raby Scutt has been appointed as interim chairman. He takes over the role from William Adrian Loader whose term as director was not extended at the annual...
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21 Mar
09:33Oracle Coalfields notes extension of IRROracle Coalfields said the Energy Department, Government of Sindh has issued a notification for the extension of the applicability of USD-based 20% Internal Rate of Return (IRR) to all coal mining...
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21 Mar
07:17FLASH: Oracle Coalfields notes extension of IRR dealStory provided by StockMarketWire.com
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18 Mar
07:37Oracle Coalfields widens FY pretax lossOracle Coalfields has widened its FY pretax loss to GBP0.97m, from GBP0.71m. Revenue was nil and most of the loss was due to administrative expenses. "In 2016 Oracle will concentrate on...
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18 Mar
07:08FLASH: Oracle Coalfields widens FY pretax lossStory provided by StockMarketWire.com
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05 Nov
12:04FTSE down as BoE stays rates, QE; Morrisons fallsFTSE indices were down as Bank of England held its benchmark rate at 0.5% and QE at GBP375bn. Resources suffered through the morning, with supermarkets tumbling behind Morrisons (MRW). European...
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12 Oct
07:39Oracle Coalfields in consortium agreement with SEPCOOracle Coalfields has entered into a consortium agreement with the Shangdong Electric Power Corporation of China (SEPCO). Under the Consortium Agreement, Oracle and SEPCO (the "Parties") will be...
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12 Oct
07:10FLASH: Oracle Coalfields in consortium agreement with SEPCOStory provided by StockMarketWire.com
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24 Sep
16:01Mining RoundupKemin Resources Plc (KEM), the molybdenum and tungsten exploration and development company with substantial interests in Kazakhstan, has reported that for the six months ended 30 June 2015 the loss...
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24 Sep
07:45Oracle Coalfields widens H1 pretax lossOracle Coalfields has widened its H1 pretax loss to £0.53m, from a loss of £0.38m. Revenue was nil. Story provided by StockMarketWire.com
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24 Sep
07:06FLASH: Oracle Coalfields widens H1 pretax lossStory provided by StockMarketWire.com
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11 Aug
13:26Oracle coal price petitionOracle Coalfields' coal price petition has been examined by the Thar coal tariff determination committee and has been admitted. The coal pricing regime in Pakistan is a cost-plus arrangement,...
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20 May
15:05Oracle resolutions passed at AGMOracle Coalfields has confirmed that all resolutions proposed at its annual general meeting were passed. At 3:05pm: (LON:ORCP) Oracle Coalfields Plc share price was +0.01p at 1.53p Story...
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14 Apr
07:43Oracle Coalfields narrows FY pretax lossOracle Coalfields has narrowed its FY pretax loss to £0.71m, from a year-earlier loss of £1.0m. Revenue was nil. Most of the losses were due to administrative expenses. Story provided by...
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14 Apr
07:13FLASH: Oracle Coalfields narrows FY pretax lossStory provided by StockMarketWire.com
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17 Mar
07:38ORCP extends Sepco EPC framework agreementOracle Coalfields has signed an extension to its Engineering, Procurement and Construction (EPC) Framework Agreement with Sepco Electric Power Construction Corporation (Sepco). The original EPC...
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17 Mar
07:09FLASH: ORCP extends Sepco EPC framework agreementStory provided by StockMarketWire.com
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11 Mar
07:33Oracle says Thar desert project included in CPECOracle Coalfields said its Thar desert, Pakistan, combined lignite mineral resource and mine mouth power plant has been included in the China-Pakistan Economic Corridor (CPEC). Confirmation came...
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11 Mar
07:11FLASH: Oracle says Thar desert project included in CPECStory provided by StockMarketWire.com
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23 Feb
08:48FTSE up on hopes for Greece bailout extensionFTSE indices tiptoed into positive territory on a healthy flow of corporate news and guarded confidence that Greece will win a four-month bailout extension. Financial stocks led the blue-chip...
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23 Feb
07:37Oracle Coalfields says Block VI mining lease restoredOracle Coalfields has received confirmation from Directorate, Coal Mines Development, Government of Sindh, Pakistan that the Mining Lease of subsidiary Sindh Carbon Energy Ltd in Block VI of the...
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23 Feb
07:12FLASH: Oracle Coalfields says Block VI mining lease restoredStory provided by StockMarketWire.com
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09 Feb
07:40ORCP raises £3.4m, gives operational updateOracle Coalfields has undertaken a placing at 0.65p a share to raise a total amount of £3.4 through Brandon Hill Capital (formerly Fox-Davies Capital Limited) and Peterhouse Corporate Finance....
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09 Feb
07:03FLASH: ORCP to raise £3.4m, gives operational updateStory provided by StockMarketWire.com
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06 Jan
17:11FTSE sorties lower as Wall St falters on oil worriesFTSE indices closed lower as crude oil prices plumbed fresh depths and global markets, including Wall St, were southbound. Investors headed for safe-haven assets, but it was financial stocks, as...
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06 Jan
12:01FTSE limps south as oil price slide sparks sell-offFTSE indices were firmly lower as the falling price of crude dragged oil stocks and several global markets lower, with further ballast added by financials, retailers and commercial property issues....
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06 Jan
08:48FTSE dips as oil, retail falls offset mining gainsFTSE indices were a whisker south of starting levels in early deals with a mixed bag of oil, retail and financial stocks outweighing gains among several miners. Wall St lost ground last night, as...
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06 Jan
07:23Oracle's leaseOracle Coalfields said the Secretary of the Energy Department, Sindh Government, has advised the lease cancellation order for Block VI of the Thar coalfield will be deemed to be rescinded ab initio...
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06 Jan
07:13FLASH: Oracle Coalfields nears reinstatement of mining leaseStory provided by StockMarketWire.com
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23 Dec
09:13Oracle says talks with SEPCO continueOracle Coalfields said following subsidiary Sindh Carbon Energy Ltd receiving a Notification of Cancellation of its Mining Lease for Block VI of the Thar coalfield, now under appeal, it has...
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11 Dec
08:52FTSE mixed as energy, retail stocks labour higherFTSE indices were mixed in early deals with energy-related and broader retail-sector stocks providing laboured positive direction thanks to mining shares acting as ballast. Wall St closed down...
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11 Dec
07:49ORCP disputes Block VI mining lease cancellationOracle Coalfields advises subsidiary Sindh Carbon Energy Ltd has received a Notification of Cancellation of its Mining Lease for Block VI of the Thar coalfield from the Coal Mines Department of the...
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11 Dec
07:15FLASH: ORCP gets notice of cancellation of Block VI mining leaseStory provided by StockMarketWire.com
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25 Sep
08:03ORCP says EPC framework agreement with SEPCOOracle Coalfields, the UK developer of a lignite coal mine and power plant in the south-eastern Sindh Province, Pakistan, has made significant further progress towards delivering the commercial...
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25 Sep
07:21FLASH: ORCP says EPC framework agreement with SEPCOStory provided by StockMarketWire.com
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16 Sep
07:46Oracle Coalfields raises £0.775m in placingOracle Coalfields, the UK developer of a lignite coal mine in the south-eastern Sindh Province of Pakistan, has raised £775,000 (before expenses) via the placing of 62m new shares at 1.25p each....
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16 Sep
07:04FLASH: Oracle Coalfields raises £0.775m in placingStory provided by StockMarketWire.com
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17 Jan
12:53Oracle Coalfields issued with environmental certificateOracle Coalfields, the UK coal developer of a 1.4bn tonne lignite resource located in the south-eastern desert of the Sindh Province, Pakistan, has announced a development at the company's energy...
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21 Nov
07:31Oracle Coalfields in power plant MOU with SEPCOOracle Coalfields has entered an exclusive MOU with SEPCO Electric Power Construction Corporation for the development of a 600 MW coal-fired power plant at the Block VI, Thar Coalfield, Province of...
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21 Nov
07:10FLASH: Oracle in MOU with Chinese power group SEPCOStory provided by StockMarketWire.com
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25 Oct
07:55Oracle Coalfields raises £0.9mOracle Coalfields has raised £0.88m before expenses. It raised £0.8m via a cash-box placing of 44.7m shares at 1.8p each. Directors and senior managers took up 4m shares, in lieu of cash...
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25 Oct
07:06FLASH: Oracle Coalfields raises £0.9m in placingStory provided by StockMarketWire.com
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30 Sep
13:40Oracle Coalfields losses narrowOracle Coalfields posts pre-tax losses of £288,499 for the six months to the end of June - down from £408,423 last time. Administrative expenses fell to £290,310 from £409,548 and finance...
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24 Sep
08:23Oracle Coalfields in coal mine, power plant JVOracle Coalfields has signed a Joint Development Agreement (JDA) with China CAMC Engineering Co Ltd (CAMCE) for the development of its coal mine and power plant project. CAMCE is a subsidiary of...
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24 Sep
07:19FLASH: Oracle Coalfields in coal mine, power plant JVStory provided by StockMarketWire.com
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17 Apr
10:01Oracle Coalfields narrows FY pretax lossOracle Coalfields narrowed its full-year pretax loss to £0.74 million, from £0.95 million, thanks to the absence of exceptional items. In the prior year, exceptional items totalled £0.29...
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21 Mar
07:15FLASH: Oracle Coalfields says FD Tony Philip resignsStory provided by StockMarketWire.com
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18 Jan
07:28FLASH: Oracle Coalfields raises £0.93mOracle Coalfields said it has raised about £0.93 million through a placing of 62.3 million new shares at 1.5p each. The company also said that, under the terms of ELF, it had drawn down £22,542...
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08 Nov
07:06FLASH: Oracle sings MOU with Thatta for coal supplyStory provided by StockMarketWire.com
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04 Sep
09:08Oracle announces details of Thor Coalfield planOracle Coalfields has released details of its Implementation Plan to demonstrate the capital and operating costs for the development of a lignite coal mine on Block VI of the Thar Coalfield to...
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24 Jul
10:21Oracle Coalfields arrange funding facilityOracle Coalfields, the UK coal developer of a lignite mineral property located in the south-eastern desert of the Sindh Province, Pakistan, has agreed a £2m equity line facility ("ELF") with...
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26 Jun
10:00Oracle signs joint development agreementOracle Coalfields, the UK coal developer of a lignite mineral property located in the south-eastern desert of the Sindh Province, Pakistan, has signed a Joint Development Agreement with Karachi...
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26 Jun
07:04FLASH: Oracle signs joint development agreementStory provided by StockMarketWire.com
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24 Apr
09:06Oracle Coalfield boosted by successful £3m fundraisingOracle Coalfields is pleased with progress made for the year ended 31 December 2011 and highlights the admission of the Company to AIM and a successful £3 million fund-raising as key milestones....
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24 Apr
07:44FLASH: Oracle Coalfield boosted by successful £3m fundraisingStory provided by StockMarketWire.com
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12 Apr
08:39Mining lease issued to Oracle in PakistanOracle Coalfields has been granted through its 80% owned local subsidiary, Sindh Carbon Energy Limited, a Mining Lease by the Director General, Mines & Mineral Development, Government of Sindh,...
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12 Apr
07:03FLASH: Mining lease issued to OracleStory provided by StockMarketWire.com
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06 Feb
10:12Oracle update on Thar CoalfieldOracle Coalfields has announced the results of the technical feasibility study (FS) on Block VI of the Thar Coalfield. Shahrukh Khan, CEO of Oracle, said:"This is another important step for Oracle...
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08 Nov
09:36Oracle confirms application for Pakistan coal mining leaseOracle Coalfields, the UK developer of a 1.4 billion tonne coal resource in the south-eastern desert of the Sindh Province, Pakistan, has confirmed that its 80% owned subsidiary, Sindh Carbon...
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19 Oct
08:27Boardroom shake up at Oracle CoalfieldsOracle Coalfields PLC continues to strengthen its Board and management team with the appointments of Tony Philip as Finance Director and Brian Rostron as Mining and Contracts Manager, with...
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05 Sep
08:53Oracle Coalfields positive after successful AIM listingOracle Coalfields, has announced its half year results for the six months to 30th June 2011. Highlights included listing on the London Stock Exchange's Alternative Investment Market (AIM) on the...
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01 Aug
07:26Loader named new Oracle Coalfields chairmanOracle Coalfields PLC, the UK developer of a 1.4 billion tonne coal resource in the south-eastern desert of the Sindh Province, Pakistan, has announces the appointment, effective immediately, of...
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01 Jul
08:14Oracle Coalfields appoints new head of financeOracle Coalfields PLC, the UK developer of a 1.4 billion tonne coal resource in the south-eastern desert of the Sindh Province, Pakistan, has announced the appointment of Tony Philip as Finance...
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26 May
11:02Oracle Coalfields appoint project co-ordinatorOracle Coalfields, the UK developer of a 1.4bn. tonne coal resource in the south-eastern desert of the Sindh Province, Pakistan, has announced the appointment of Thomas Hawkins as Project...