viewOracle Power PLC

Oracle Coalfields chief says company must now make up for lost time

Shahrukh Khan, the chief executive of Oracle Coalfields (LON:ORCP), says the three-month delay to work means the company now has to knuckle down and make up for lost time.

It follows the news the company has received written confirmation that its mining lease over the Block VI of the Thar Coalfield in Pakistan has been restored, having been cancelled in a shock move by the local government last December.

Khan also talks about the prospect of raising the substantial money required to bring the project to fruition.

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Price: 0.535 GBX

Market: AIM
Market Cap: £8.34 m

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