Business
Extension of Block VI Thar Coalfield Licence
Extension of Block VI Thar Coalfield Licence.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n\n 4 November 2010\n GB00B23JN426/GBP/PLUS-exn\n\n Oracle Coalfields PLC\n\n (\"Oracle\" or the \"Company\")\n\n Extension of Block VI Thar Coalfield Licence\n\nOracle Coalfields PLC (PLUS: ORCP), the UK developer of a 1.4 billion tonne JORC Measured coal\nresource in the south-eastern desert of Sindh Province, Pakistan announces that its exploration\nlicence at Block VI of the Thar Coalfield has been extended for an additional year to 25 November\n2011.\n\nThe original exploration licence for coal over an area of 66.1 Sq Km was granted to Sindh Carbon\nEnergy Limited, a subsidiary of Oracle, in November 2007 for a period of three years. The\nextension has been granted in accordance with the Company's plan to complete its feasibility study\nfor Block VI of the Thar Coalfield (\"Feasibility Study\") and an update on ongoing operations in\nthe field will be announced shortly.\n\nCommenting on the extension, Shahrukh Khan, CEO of Oracle said: \"The extension of the licence\ndemonstrates the continued governmental support for the development of the Thar Coalfield and will\nallow us to complete our work program for the bankable Feasibility Study.\"\n\nThe Directors of Oracle are responsible for the contents of this announcement.\n\n -Ends -\n\nFor further information please contact:\n\nOracle Coalfields PLC\nShahrukh Khan, Chairman\nTelephone: +44 (0) 1366500722\nEmail: [email protected]\n\nSt Helens Capital Partners LLP\nDuncan Vasey or Mark Anwyl\nTelephone: +44 (0) 20 7368 6959\n\nBlythe Weigh Communications\nAna Ribeiro or Matthew Neal\nTelephone: +44 (0)20 7138 3204\n\nWEBSITE: www.oraclecoalfields.com\n\nOracle Coalfields plc\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t \n ","length":2014,"tagName":"div"}]