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
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 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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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.