Company
Oracle Power PLC
LON:ORCP
Oracle Power PLC is an international power and natural resource project developer listed on London’s AIM market. The company is focussed on delivering reliable power in high growth markets and unlocking the value of highly accretive natural resource assets in prospective regions.
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Oracle Power and Dubai’s Al Maktoum invest £1.5mln more in Pakistan green hydrogen project
The company said the funds will enable the progress of bank guarantees for recent letter of intent from authorities in Sindh Province as well as supporting land lease payments
Oracle Power raises £500,000 via placing for green hydrogen project
The placing proceeds will help the company to develop a 1,200MW hybrid solar/wind and green hydrogen/power project in Pakistan
Oracle Power gets nod from Sindh authorities for green hydrogen power project
"This is a defining moment for Oracle and our joint venture company," said chief executive Naheed Memon
Oracle Power notes progress across in Western Australia and Pakistan
The company reported its progress in Western Australia and Pakistan.
Oracle Power signs agreement with hydrogen fuel cell company to explore opportunities in Pakistan
The agreement will allow for the two companies to work together in identifying and building relationships with customers in Pakistan
Oracle Power signs hydrogen storage MOU with China's Guofuhee
Guofuhee is a specialist in liquid hydrogen vessels, hydrogen pressure devices and hydrogen refuelling stations
Oracle Power reports improved gold recovery of up to 94.7% from Northern Zone gold project
One of the three samples achieved a gold recovery rate of 94.7% after 24 hours
Oracle Power reports positive metallurgical results from Northern Zone gold project
The Northern Zone is now a priority for the company and the main focus of its activities in Australia
Oracle Power says 'busy' first quarter set to continue
The international natural resource and power project developer updated investors on its key projects
Oracle Power announces Pakistan green hydrogen joint venture
Funding for the new limited liability company will be provided on a 70:30 split
Oracle Power names adviser to its green hydrogen project
The project is entering the planning and development stage
Oracle Power completes drilling at Jundee East, turns its attention to the Northern Zone
Jundee East is located approximately seven kilometres due east of Northern Star's 5.4mln ounce Jundee gold mine
Oracle Power sets the drill rigs turning at the Jundee East gold project
The Jundee East project is highly prospective for gold
Oracle Power agrees to explore potential Thar joint development with govt-backed gas company
The memorandum of understanding signed with Sui Southern Gas Company, "could be a significant turning point in the pursuit to secure long-term domestic syngas", said chief executive Naheed Memon
Oracle Power pleased with progress made in 2021
In a stock market statement that recapped the group’s activities in the year just ended, Oracle’s chief executive officer, Naheed Memon, said he was pleased with the progress made.
Oracle Power says drilling results at Western Australian mine 'a huge achievement'
“This is a huge achievement and gives us the first tangible sense of what a significant gold mining project Northern Zone could become," Naheed Memon said.
Oracle Power 'extremely eager' to start drilling at Australia's Jundee East
Five targets have so far been identified by the company for the maiden drill programme.
Oracle Power wins approval for drilling programme at its Jundee East gold project
The ceremonial signing of a co-operation agreement with PowerChina, to jointly develop the first green hydrogen production facility in Pakistan, took place on Saturday
Oracle Power wins approval for drilling programme at its Jundee East gold project
The ceremonial signing of a co-operation agreement with PowerChina, to jointly develop the first green hydrogen production facility in Pakistan, took place on Saturday
Oracle Power strengthens hydrogen team with industry veteran
Dr Naveed Akhtar will join as an adviser on hydrogen technology
Oracle Power highlights third-quarter progress, says CEO to hold Q&A session with shareholders
Details of the Q&A session will be made available on the company's website by 22 October
Oracle Power completes first phase of drilling at Northern Zone gold project
The project is located about 25km east of Kalgoorlie, home to the second-largest gold mine in Australia
Oracle Power signs green hydrogen joint venture deal with PowerChina Group
Oracle has a portfolio of energy and gold assets in Pakistan and Australia
Oracle Power's interim losses narrow as it continues to develop projects in Australia and Pakistan
The company, which has no revenue, ended the period with cash and cash equivalents of £975,820
Oracle Power starts drilling at Northern Zone Gold Project in Australia
"It is fantastic to start Oracle's maiden Australian drill programme at Northern Zone, and a big step forward with respect to our Western Australian gold strategy"
Oracle Power defines 5 drill target areas at its Jundee East gold project in Western Australia
In November 2020, Oracle Power acquired two gold licences in Western Australia, the Jundee East project and the Northern Zone project
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Oracle Power receives green light to start work at Australian gold project
The Northern Zone is comprised of one granted prospecting licence which covers an area of 82 hectares
Oracle Power appoints new exploration manager for Western Australian gold projects
Oracle is exploring in a highly prolific area of Australia
Oracle Power says each Australian gold project could deliver significant shareholder value
Drilling is anticipated to start at Northern Zone in a matter of weeks
Oracle Power outlines drilling plans for Australia's Northern Zone gold project
The drilling programme will be funded from current cash resources
Oracle Power starts geochemical sampling programme at Jundee East gold project
Jundee East is located in an area that's already well-established for gold production
Oracle Power gears up for full survey of Jundee East gold project
It is expected to help set up a maiden drill programme at the Australian gold project.
Oracle Power reports positive responses for gold and copper at Jundee East
Jundee East is located around seven kilometres due east of Northern Star's producing Jundee gold mine, which has a current Resource of 5.4mln ounces
Oracle Power gets to work quickly after Jundee East award
Soil sampling and a ground-based gravity survey are underway
Oracle Power says “significant strides” made in Pakistan and Australia
The company predicts progress and 'high impact news flow' in the coming months.
Oracle Power making progress in Australia and at Thar
Project is for a gross 8mln tonnes per annum mine, feeding a 660Mw power plant
Oracle Power identifies new greenstone belt at Jundee East in Australia
Oracle Power is also developing a major energy project in Pakistan
Oracle Power says Pakistan set to open consultation on coal-to-gas and coal-to-liquid strategy
"I am delighted that Oracle Power is at the forefront of this emerging industry in Pakistan," said Naheed Memon.
Oracle Power continues to make progress with exploration at the Jundee East gold project
Oracle Power controls assets in Pakistan and in Australia
Oracle Power commences field-based exploration at the Jundee East gold project in Australia
The company is also developing a major power project in Pakistan
Oracle Power kicks off exploration at Jundee East gold project
“The scale of the target area being evaluated and its respective proximity to the Jundee Gold Mine exemplifies the prospectivity potential of the project”
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Oracle Power says partner begins pre-feasibility work for Thar Block VI project
The power project developer said its partner, China National Coal Development Company, will guide feasibility study workstreams for the project in Pakistan
Oracle Power says its encouraged by latest view of Northern Zone gold project
Oracle will now work up detailed modelling of past drill results, to create a comprehensive model to target future drill holes
Oracle Power chief executive Naheed Memon provides wide-ranging update on recent developments
Oracle is developing a major power generating facility in Pakistan
Oracle Power welcomes Pakistan's commitment to cleaner energy
"Coal to liquids and coal to gas technologies have become major technical and commercial drivers for the company's 1.4 bn tonne Thar Block VI Project."
Oracle Power’s Thar project could double in size, with the potential addition of a gas-to-urea capability
Oracle Power's partner China Coal has significant expertise in coal-to-liquids
Oracle Power and partner agree not to pursue iron ore development opportunity in Guinea
The Office of His Highness Sheikh Ahmed Dalmook Al Maktoum owns an exploration licence in the Republic of Guinea but has agreed with Oracle not to develop it at this time
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Oracle Power kicks off Australian gold exploration
It comes only weeks after the company acquired the highly prospective gold project
Oracle Power acquires Australian gold projects
Oracle is also developing a major power project in Pakistan
Oracle Power CEO says Thar project remains a key part of Pakistan's future
The project has been enlarged to a coal to gas for urea plant, and coal to liquid facilities
Oracle Power optimistic over progress on Thar Block VI Project
The group said its board continues to assess other opportunities in the natural resources and power sectors and has a couple of irons in the fire
The convening of top-level government and business delegations to discuss the future of Thar bodes well for Oracle Power
The Thar project should deliver a significant boost to the Pakistani economy
Oracle Power and partners to meet with Pakistan power authority over Thar project
The purpose of the meeting is for the consortium formally to present the Thar Block VI project implementation plan,
Oracle Power consortium invited to meet Pakistan's Private Power and Infrastructure Board
The company said the meeting, scheduled for early September, forms part of the final stages of its application to secure a letter of intent for its Thar Block VI project
Oracle Power teams up with largest shareholder to explore new ventures in Africa
A new partnership with Sheikh Ahmed Dalmook Al Maktoum's HH Private Office will potentially start with an iron ore project in Guinea
Oracle Power PLC shareholder Q&A - Friday July 17
The company issued a Q&A statement following its AGM.
Oracle Power signs-up for £46.5mln of potential funding
"We believe that the execution of a funding facility with the Investors arranged by Riverfort on such a scale should prove to be a crucial element in unlocking the potential for Oracle's long term growth,” said chief executive Naheed Memon
Oracle Power posts final results, as progress at Thar continues
The company has entered into a consortium agreement to develop a lignite mine and a 1.3MW mine-mouth power station
Oracle Power making progress on Thar paperwork
Oracle has paid an evaluation fee in respect of a provisional agreement with the government of Pakistan
Oracle Power’s Thar project will benefit significantly as an important component of the China-Pakistan Economic Corridor
Oracle is at the centre of a major economic push in Pakistan
Oracle Power continues project planning despite coronavirus pandemic
The group said the Pakistani government is expected to approve a letter of intent for the Thar project in the current quarter
Oracle Power highlights “very constructive phase” for Thar project
It is prudent to expect possible delays because of the coronavirus pandemic, but, the company is confident they won't be significant to project timelines
Oracle Power receives “strong support” for Thar project in Pakistan
“The level of support now witnessed from these official channels is noteworthy and a testament to the quality of our work on the ground," said Oracle chief executive Naheed Memon.
Oracle Power notes “strategically important” talks over rail development proposal
Bi-lateral talks between the Pakistan authorities and the China-Pakistan Economic Corridor (CPEC) organisation could unlock significant new commercialisation options
Oracle Power surges as Thar deal signed with China Coal, Sheikh Al Maktoum
The next step is to obtain a letter of intent from the Pakistani government
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Major investor in Oracle Power agrees to 12 month lock-in for 200mln shares
Oracle Power has a sizeable lignite resource at Thar
Oracle Power signs agreement with new partners for Thar power station development
Oracle along with the Private Office will have responsibility for permits, licenses, governmental and regulatory approvals.
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Oracle Power rockets 150% as it confirms discussions for agreement to develop Pakistan coal mine
The firm is in talks with China Coal Energy as well as one of its major shareholders, Sheik Ahmed Dalmook Juma Al Maktoum
Oracle Power surges as UAE Sheikh takes 11.5% stake
Sheikh Ahmed Bin Dalmook Al Maktoum, a member of Dubai's ruling family, will invest £500,000 in a share placing
Oracle Power's Thar resource cited as potential fertiliser project by Pakistan and China
Any such project would run in parallel with Oracle’s plans for a coal-fired power station
Oracle Power sets up new £200,000 loan facility
Environmental and Social Impact Assessments for the project are also being updated
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FTSE 100 closes lower as traders mull Fed testimony
The UK's premier share index finished down over five points lower at 7,530,
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CAP-XX signs licensing agreement after favourable US court decision
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Oracle Power pays around US$50,000 registration fee for processing Letter of Intent in relation to Thar project
The AIM-listed firm said the funds have been spent under the pre-development funding agreement reached with its consortium partners Beijing Jingneng Power and PowerChina International
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FTSE 100 closes firmly higher as trade optimism boosts sentiment
The Footsie closed up over 61 points at 7,559. The FTSE 250 closed up around 24 points higher at 19,659.
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Oracle Power encouraged by continued support for the Thar thermal power project
Oracle expressed its gratitude to the Pakistani authorities at both the federal and provincial levels for the constructive way in which they have supported and continue to support the Thar project.