Business
Half Yearly Report
Half Yearly Report.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \nRNS Number : 5849N Oracle Coalfields PLC 05 September 2011 \n\n \n5th September 2011 \n \nOracle Coalfields PLC Group\n(\"Oracle\" or \"the Company\")\n Interim Results for the six months to 30th June 2011\nOracle Coalfields (AIM:ORCP), the UK developer of a 1.4 billion tonne coal resource in the south-eastern desert of the Sindh Province, Pakistan, today announces its half year results for the six months to 30th June 2011.\nHighlights\n• Listed on the London Stock Exchange's Alternative Investment Market (AIM) on the 20th April 2011\n• Successful fundraising of £3 million through a placing of 30 million ordinary shares \n• Strengthened management team\n• Appointment of Adrian Loader as Chairman of the Board\nCommenting on the results, Shahrukh Khan, Chief Executive Officer of Oracle, said: \"We were delighted to have listed on AIM on the 20th April 2011. We were oversubscribed and have sufficient funds to meet the working capital requirements and completion of the feasibility study, although further funding will be required to develop Block VI of the Thar Coal mine. We are currently finalising the Definitive Feasibility Study as well as applying for our Mining Lease, and look forward to keeping shareholders informed of our progress as we develop the project.\"\n-Ends -\nENQUIRIES:\n\n\n\n\nOracle Coalfields PLC\nShahrukh Khan, CEO\n\n\n \nTelephone:+44 (0) 207 317 4056\nE-mail: [email protected]\nWebsite: www.oraclecoalfields.com\n\n\n\n\n\n\n\n\n\n\n\n\nLibertas Corporate Finance Ltd\nSandy Jamieson or Neil Pidgeon\n\n\n \nTel: +44 (0) 569 9650\n \n\n\n\n\nBlythe Weigh Communications\nTim Blythe, Ana Ribeiro, Matthew Neal\n\n\n \nTel: +44 (0) 207 138 3206\n\n\n\n\n \nORACLE COALFIELDS PLC GROUP OF COMPANIES\nCHAIRMAN'S STATEMENT FOR THE 6 MONTHS TO 30 JUNE 2011\nChairman's Statement\nI am delighted to present my first Chairman's statement since taking over the role of Chairman from Shahrukh Khan and joining the Board on 1st August 2011. My appointment allows Shahrukh to focus on his role as Chief Executive Officer. I am...