Oracle Power buys two Western Australia gold projects
16th Nov 2020 14:01
(Sharecast News) - Oracle Power announced the acquisition of two "highly prospective" gold projects in Western Australia on Monday.
Read moreByteDance rejects Microsoft offer for TikTok, partners with Oracle instead
14th Sep 2020 09:33
(Sharecast News) - Chinese tech company ByteDance has decided to reject Microsoft's bid to buy video app TikTok and partner with Oracle instead.
Read moreOracle Power and partners to meet with Pakistan authorities
28th Aug 2020 13:40
(Sharecast News) - Oracle Power updated the market on Friday, reporting that itself and its consortium partners China National Coal Development Company and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum have been invited to meet with Pakistan's Private Power and Infrastructure Board (PPIB) in early September, to present the Thar Block VI project implementation plan with a view to finalising the award of a letter of intent.
Read moreOracle 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
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