Oracle Coalfields

• 26/04/12

  Notice of AGM

• 24/04/12

  Final Results

• 12/04/12

  Mining Lease Issued to Oracle Coalfields

• 06/02/12

  Technical Feasibility Study

• 06/12/11

  Broker Appointment

• 

  12/04/12

  Oracle Coalfields' bid to become major coal producer in Pakistan moves forward with mining lease

  Oracle Coalfields's bid to develop Pakistan's first major coal mine was boosted today - as it was issued a mining lease for a block on the Thar coalfield by the country's government.

• 

  06/02/12

  Oracle Coalfields feasibility study underlines Thar's technical and economic viability

  Oracle Coalfields said the results of the feasibility study on its Thar Coalfield in Pakistan’s Sindh Province underlined its “technical and economic viability”.

• 

  03/10/11

  Oracle Coalfields recruits Citigroup to find “comprehensive funding solution” for coal project

  Oracle Coalfields (LON:ORCP) has drafted in a blue-chip adviser to help with its bid to commercialise the 1.4 billion-tonne Thar Coalfield, in Pakistan’s Sindh Province.

• 

  05/09/11

  Oracle Coalfields interims chart a period of significant progress

  Oracle Coalfields confirmed today that it is still on track to complete a definitive feasibility study on Block VI of the Thar Coalfield in Pakistan by the end of the current quarter.

• 

  11/07/11

  Oracle Coalfields aiming high in Pakistan

  Oracle Coalfields (LON:ORCP) looks to be stepping up a gear as it looks to bring its flagship coal project in Pakistan to production. City research firm Edison for one is encouraged by progress to date and reckons the outlook for the company is promising.  

• 24/04/12

  Oracle Coalfields in talks with mining contractor for Thar project in Pakistan

• 08/11/11

  Oracle Coalfields submits mining lease for 1.4-billion tonne Thar project

• 19/10/11

  Oracle Coalfields appoints new finance director and mining and contracts manager

• 01/08/11

  Oracle Coalfields appoints Royal Dutch Shell veteran Adrian Loader as chairman

• 01/07/11

  Oracle Coalfields strengthens senior team with new finance manager

•  

  22/03/2012

  Stocktube video - Oracle Coalfields CEO talks about the move from exploration to development

  Shahrukh Khan, CEO Oracle Coalfields (LON:ORCP), tells Proactiveinvestors that they have moved away from exploration and are now heading towards development of its Thar coalfield in Pakistan. Shahrukh says Oracle is now at the pre-development stage and is confident that with the feasibility stage behind them they have de-risked the project and will succeed in creating potentially one of the largest mines in Pakistan.
• 

  22/02/2012

  Oracle Coalfields One2One Investor Presentation - 22nd February 2012 (PDF)

  Oracle Coalfields One2One Investor Presentation - 22nd February 2012
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  15/07/2011

  Shahrukh Khan, Chairman & CEO of Oracle Coalfields, talks about good coal for the electricity sector & for industry

  Shahrukh Khan, Chairman & CEO of Oracle Coalfields, talks about good coal for the electricity sector & for industry, energy crisis in Pakistan, moving towards indigenous fuel, JORC compliant 1.4 billion tonne coal resource, definitive feasibility study, offtake agreements with Karachi Electricity Supply Co & Lucky Cement
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  18/02/2011

  Stocktube video - Shahrukh Kahn, from Oracle Coalfields, says it’s registered for an AIM listing in Q2

  Shahrukh Kahn, Chief Executive of Oracle Coalfields, tells Proactive Investors that Oracle is going for a listing on the London Alternative Investment market in the second quarter. Shahrukh says that the company will produce coal of a high enough quality for the power generation markets.OFEX:ORCP)
• 

  17/02/2011

  Oracle Coalfields One2One Investor Presentation - 17th February 2011 (PDF)

  Oracle Coalfields One2One Investor Presentation - 17th February 2011

Oracle listed at London Stock Exchange

Please click the below links of the Pakistan High Commission, UK, regarding the ceremony and Oracle Coalfield's listing on AIM Market of the London Stock Exchange as well as coverage of the ceremony seen on YouTube:

The High Commission for Pakistan in United Kingdom

The listing ceremony of Oracle Coalfield Plc at The London Stock Exchange - YouTube

The area of interest: Indus East coalfield, KhoreWah, Sindh Province

The area covered by the Exploration Licence is in the Indus East coalfield, situated to the east of the River Indus, 140 km east-northeast of Karachi and 66 km south of Hyderabad in Sindh Province, southern Pakistan.

Sindh Koela Limited intends to establish one or more mine-mouth power plants with an aggregate capacity of 150 MW that could absorb the envisaged production of 750,000 to 1 million tonnes per annum.

Map of Pakistan showing the location of the Indus East coalfield

It is planned that drilling will recommence at the Indus East licence in the first quarter of 2009, and a drilling programme is in the process of being mapped out. Three boreholes have so far been drilled out of the 12 boreholes planned in the licence area. The drilling was carried out by Deep Rock Drilling (Pvt) Ltd. and the geophysical logging was performed by Geoscience Associates. Up to 300 meters depth drilling was carried out in each of the boreholes of which 100 meters of non-core drilled depth and the rest core drilled up to the final depth. The cumulative lignite thickness encountered ranged between 2.28 meters to 4.62 meters in two of the boreholes. Two boreholes were geophysically logged using spontaneous potential (SP) and single point resistance (SPR), natural gamma and gamma-gamma density. The log suite was restricted as logging could only take place in the cased part of the boreholes; the surrounding sediments were not self supporting. The deposit is deep and can only be mined by underground methods. Coal samples were also taken and analysed by PCSIR in Karachi. Due to the acquisition of the exploration licence for Block VI, Thar Coalfield, the drilling activities were moved to Thar but with the intention of returning to Indus East to complete the original exploration programme.For further information please click here

The area of interest: Block VI - Thar Coalfield, Sindh Province

The Thar Coalfield is located 380 kilometres from Karachi, and covers a total area of 9,100 square kilometers, with a total lignite coal resource in excess of 175 billion tonnes. The coalfield is in close proximity to good infrastructure, with ongoing development of a road and power network in the region.

The China North East Geological Survey Bureau ("CNGB") has drilled 35 boreholes at Block VI, totalling 9,852 metres, of which 5,986 metres has been cored. From the drilling, 273 lignite samples have been analysed for quality. The drilling has indicated that Block VI is likely to host a resource in excess of 700 million tones of lignite coal, focused on a seam with a thickness of between 16-30 meters at a depth of less than 150 metres. The quality of the lignite coal gives a heating value of 3,250 kcal/kg, with a high moisture and low ash and sulphur content. The depth of the coal seam makes Block VI amenable to opencast mining.  

Oracle Coalfields intends to establish an integrated project by entering a joint-venture agreement with an internationally reputable coal company and power company where the coal mine would be able to produce 1.5 million tonnes of coal per annum for a 300MW coal-fired mine-mouth power plant, which could be increased to 1100MW over time.

A seven borehole drilling programme was undertaken by us to validate all historical drilling results of CNGB, and enabled our UK-based independent coal consultants, Dargo Associates Ltd, to define a 1.423 billion measured JORC resource and a proved JORC reserve of 371 million tonnes across the prospective mine area at Block VI. In February-April 2008, a series of seven boreholes were drilled to depths of 200-240m, four of which were openholed to 100m, the other three being fully cored. The drilling was carried out by Deep Rock Drilling (Pvt) Ltd. of Karachi and the geophysical logging was performed by Geoscience Associates of Lahore. These boreholes were logged using calliper, density, resistivity and radioactivity sondes. The results of the drilling programme have confirmed the presence of the main lignite seam of 2-7m thickness, with a total lignite thickness in the seven boreholes of 20-30 meters. The overburden thickness and lignite thickness confirm the findings of the CNGB drilling. These results validate the CNGB borehole data and can now be used together with this recent drilling by us to enable a lignite resource/reserve assessment to be made. The mining area at our licensed block at Thar is amenable to opencast mining.

As discussed previously, the coal at the Block VI licence is of a lignite quality, ensuring that it is most suited to combustion in power generation. Further coal tests were carried out by TES Bretby Ltd in the UK, and the Fuel Research Centre, part of Pakistan Council of Scientific and Industrial Research (PCSIR), Karachi, which confirmed the coal quality is suitable for power generation and industry, especially for the cement sector. Rock samples were tested by Strata Surveys Ltd of the UK. It is intended that we will undertake an integrated coal mine and power plant project, giving due consideration to the benefits that a partner on the power plant side could bring to the project.

Since announcing the JORC classifications for Block VI in May 2008 we have been working on the strategy to take the licence forward toward production. Accordingly, we will now be working towards the completion of a Bankable Feasibility Study (“BFS”), the work for which is planned to start in the fourth Quarter of 2008. Work for the BFS will commence with subcrop drilling, followed by hydrogeology and geotechnical and geophysical reports and mine design. An independent Environmental Impact Assessment will also be commissioned complying with World Bank guidelines and Equator Principals and power plant study. We look forward to keeping investors regularly updated on the progress of the BFS.

Shahrukh Khan Chairman & CEO of Oracle Caolfields makes a keynote speech on 12th October 2010 arranged by the DAWN publication, Pakistan’s leading media group, in reference to Thar coal mining.  From left to right the other panel speakers were:  Mr. Ajaz Ali Khan (Secretary of Coal & Energy Development Department), Dr. Samar Mubarakmand (prized Pakistani nuclear scientist), Mr. Zubair Motiwala (Advisor to Chief Minister of Sindh) and Mr. Khalid Mansoor (CEO of Engro Corporation; country’s largest petrochemical group).

Adrian Loader Chairman

Shahrukh Khan CEO

Roderick Stead Non-Executive Director

Anthony Scutt Senior Independent Non-Executive Director

Tony Philip Finance Director

Edward Taylor Company Secretary

Thomas Hawkins Project Coordinator

Brian Rostron Mining & Contracts Manager

For further information and  Management profiles please click here 

Significant Shareholders (as at 29 February 2012)

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