Oracle Power submits evaluation fee to Pakistan power board
4th Jun 2020 11:26
(Sharecast News) - Oracle Power updated the market on the consortium application for a letter of intent to the Pakistan Private Power and Infrastructure Board (PPIB) on Thursday, which it submitted in March.
Read moreOracle Power reassures shareholders over support for Thar development
11th Mar 2020 16:01
(Sharecast News) - Oracle Power noted a letter on Wednesday, from the Minister of Energy for the Government of Sindh to the chairman of the China Pakistan Economic Corridor Authority (CPEC), dated 9 March and copied to the Chinese Ambassador to Pakistan and Oracle's CEO Naheed Memon.
Read moreOracle Power notes high-level meetings over Thar desert projects
25th Feb 2020 09:53
(Sharecast News) - Oracle Power updated the market on a meeting held in Karachi, Pakistan on 21 February on Tuesday, where the chief minister of the province of Sindh, Syed Murad Ali Shah, met with the chairman of the China-Pakistan Economic Corridor (CPEC) authority, Lieutenant General Asim Saleem Bajwa.
Read moreOracle Power's losses shrink but more funding required
18th Jun 2019 08:58
(Sharecast News) - Oracle Power on Tuesday reported a narrowed full-year loss after clamping down on costs, though admitted that it will require more funding when it exhausts a new short-term working capital loan facility.
Read moreOracle Power plans to develop Pakistani power plant in single phase
5th Jun 2019 08:36
(Sharecast News) - Energy developer Oracle Power has reached an agreement with Beijing Jingneng Power and PowerChina over how best to proceed with its coal mine and mine mouth power plant in the south-eastern Sindh Province of Pakistan.
Read moreOracle Power seeks further clarification on MoU discrepancies
3rd May 2019 16:09
(Sharecast News) - Oracle Power, which is developing a combined lignite coal mine and mine mouth power plant in the Sindh Province of Pakistan, updated the market on the memorandum of understanding (MoU) signed by representatives of Beijing Jingneng Power Company, PowerChina International Group, and itself on Friday.
Read moreOracle Power leaps after approval for enlarged power station in Pakistan
17th Jan 2019 10:27
(Sharecast News) - Oracle Power's shares jumped on Thursday after the Pakistani government re-affirmed the Thar Power Station project as a priority and granted approval to increase the project's capacity.
Read moreOracle Coalfields's project upgraded by China, Pakistan
9th Jan 2017 08:21
(ShareCast News) - The Pakistani government has told Oracle Coalfields, a developer of lignite mineral resource, that its position in the China-Pakistan Economic Corridor has been elevated to the 'priority list', which should position the company's power plant project on a fast-track for approval of
Read moreOracle Coalfields confirms whispers of Chinese deal
3rd Jun 2016 16:40
(ShareCast News) - Energy developer Oracle Coalfields saw its share price move markedly higher on Friday afternoon, before issuing a statement confirming market chatter about a deal with a number of Chinese interests. The AIM-traded company - which is developing a combined lignite mineral resource a
Read moreOracle Coalfields forms joint venture for new Pakistan power plant
12th Oct 2015 09:51
(ShareCast News) - Oracle Coalfields along with the Shangdong Electric Power Corporation of China (SEPCO) will be sponsors of a 600 MW indigenous coal-fired power plant in Pakistan. Under the consortium agreement announced on Monday, they will sponsor the project which will be built, owned and opera
Read moreEquity issue boosts Oracle Coalfields' books
24th Sep 2015 11:23
(ShareCast News) - Oracle Coalfields has reported a wider loss, but increased its cash position. The mining company issued its first half results to 30 June on Thursday. It reported an operational loss after tax of £0.528m, broader than the previous year's loss of £0.377m. However the AIM-listed c
Read moreOracle Coalfields plunges after subsidiary has mining lease cancelled
11th Dec 2014 12:16
Coal firm Oracle Coalfields said its subsidiary, Sindh Carbon Energy, has lost one of its mining leases for a site on the Thar coalfield in Pakistan. The firm added it will appeal the decision, which, it said, was made "without legal foundation". Sindh received notification of cancellation of its l
Read moreOracle Coalfields does power station deal with China's SEPCO
21st Nov 2013 14:17
Oracle Coalfields has done a deal with a Chinese company to build a power station at a mine in Pakistan, sending its shares soaring. Oracle has signed an agreement with SEPCO Electric Power Construction Corporation to develop plans for a 600 MW coal-fired power plant at block VI in the Thar coalfie
Read moreFriday tips round-up: Ashtead, Oracle, Gulf Keystone
21st Jun 2013 06:43
Equipment rental group Ashtead Group delivered record pre-tax profits on Thursday thanks to the strong performance of its US operation Sunbelt. However, Sunbelt revenues are not going to continue to grow at three times the industry average, according to The Times' Tempus column. But while growth may
Read moreOracle Coalfields narrows annual losses
17th Apr 2013 11:54
Oracle Coalfields narrowed its annual losses as the company made progress on its lignite mineral property in the south-eastern desert of Sindh Province, Pakistan. The coal explorer reported an operational loss of £0.75m for the year ended December 31st 2012, down from £0.95m a year earlier. Duri
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