News Results for Oracle Power (ORCP)

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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....

Oracle 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...

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...

Pakistan-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....

Oracle 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...

Oracle 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...

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...

Oracle 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...

Oracle 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...

Oracle 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...

Energy 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...

Oracle 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:...

Oracle 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...

Oracle 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...

Energy 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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Oracle 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

Oracle 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...

Oracle 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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Oracle 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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Oracle 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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Oracle 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...

Oracle 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...

Oracle 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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Oracle 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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FTSE 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...

Oracle 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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Kemin 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...

Oracle 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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Oracle 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,...

Oracle 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...

Oracle 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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Oracle 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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Oracle 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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FTSE 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...

Oracle 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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Oracle 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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FTSE 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...

FTSE 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....

FTSE 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...

Oracle 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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Oracle 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...

FTSE 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...

Oracle 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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Oracle 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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Oracle 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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Oracle 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...

Oracle 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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Oracle 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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Oracle 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...

Oracle 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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Oracle 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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Oracle 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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Oracle 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...

Oracle 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...

Oracle 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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Oracle 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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Oracle 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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Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

Oracle 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...

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Oracle Coalfields expects its shares to start trading on AIM from 12 April following a £2m fundraising. Story provided by StockMarketWire.com

Oracle Coalfields plc, the UK developer of a 1.4bn tonne coal resource in Sindh Province, Pakistan, plans to move its shares to AIM from the PLUS-quoted market early in the second quarter of...