Business
Audited Results for the year ended 31 Dec 2021
Audited Results for the year ended 31 Dec 2021.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n \n 24 June 2022\n \n \n Oracle Power PLC\n \n \n (\"Oracle\" or the \"Company\")\n \n \n \n \n \n \n \n \n Audited Results for the year ended 31 December 2021\n \n \n Notice of AGM\n \n \n \n \n \n Oracle Power PLC (AIM:ORCP), \n the international natural resources project developer, is pleased to announce its audited results for the 12 months ended 31 December 2021. The Company's Annual Report, which includes an unqualified audit report and audited Financial Statements for the year ended 31 December 2021, together with the Notice of AGM, will be made available on the Company's website at \n \n \n www.oraclepower.co.uk/investor-relations/financial-reports/\n \n \n and are being posted to shareholders today.\n \n \n \n \n \n \n \n \n For further information on Oracle Power PLC, visit the Company's website\n \n \n \n http://www.oraclepower.co.uk\n \n \n \n or contact:\n \n \n \n \n \n Oracle Power PLC\n \n \n Naheed Memon - CEO +44 (0) 203 580 4314\n \n \n \n \n \n Strand Hanson Limited (Nominated Adviser & Broker)\n \n \n Rory Murphy, Rob Patrick +44 (0) 20 7409 3494\n \n \n \n \n \n St Brides Partners Limited (Financial PR)\n \n \n Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CHAIRMAN'S STATEMENT\n \n \n \n \n \n \n I am pleased to present the financial statements for Oracle Power PLC for the year ended 31 December 2021.\n \n \n \n \n \n Despite COVID-19 and the consequential limitations on travel, we have managed to grow the size and value of our project portfolio.\n \n \n \n \n \n During the year, we continued to progress our Thar Block VI project. Notwithstanding the general move towards more environmentally friendly forms of power generation, with the advent of the conflict in Ukraine, the cost of energy has risen dramatically and the global energy position has changed. Pakistan's Minister of Energy announced in a recent press conference that he wants the delayed Thar Block VI project developed ...