Oracle Power PLC (AIM:ORCP) said it "kicked off 2022 with a period of high activity" and expects the second quarter to be similarly busy.
The international natural resource and power project developer added there is a "pipeline of high impact news flow to deliver to market over the coming months".
The company provided an update on its first-quarter activities, which included an agreement to distribute synthetic gas with Sui Southern Gas Company, a majority Pakistani government owned company.
It also said its joint venture green hydrogen agreement with a member of the Royal Family of Dubai “advanced significantly.”
In Australia, its Jundee East deposit continues to “generate a significant amount of excitement” among its geologists as it awaits the results of the drilling.
Its Northern Zone project, also in Australia, delivered a “solid performance,” with the receipt of "positive gold assays" with diamond drilling the next phase to be undertaken.
"2022 has kicked off with period of high activity across every dimension of our portfolio as we look to consolidate, advance and commercialise our now diverse portfolio of interests and establish ourselves as a natural resource project developer on an international scale," a statement said.
"Our energy interests in Pakistan are moving through the gears as we look to advance and commercialise our significant footprint in energy production. With energy security being a critical and urgent element of the international conversation, the Oracle team is focused on ensuring Pakistan's bountiful energy resources across the spectrum are unlocked to make the country a meaningful contributor to the domestic and international energy markets."