Business
Thar Drilling Commenced
Thar Drilling Commenced.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n\n 18th February, 2008\n GB00B23JN426/GBP/PLUS-exn\n\n Oracle Coalfields Plc (PLUS:OCP)\n\n Drilling Commenced At Block VI, Thar Coal Project, Pakistan\n\nHighlights\n\n* Drilling commenced at Thar coalfield, Sindh Province\n* Results are expected to validate previous exploration data to bring Block VI resource into\n JORC standards\n\nOracle Coalfields plc (\"Oracle\" or \"the Company\"), the coal exploration and development company,\nis pleased to announce that Deep Rock Drilling (PVT) Ltd (\"DRD\") has commenced drilling the first\nborehole of a seven hole programme on Block VI of the Thar Coalfield, Province of Sindh, Pakistan\non 14th February 2008.\n\nThe purpose of the drilling programme is to validate the results achieved by the China North East\nGeological Survey Bureau (\"CNEGS\"), which completed a 35-borehole programme in 2005, as\ncommissioned by the Sindh Coal Authority. A total depth of 9,852 metres was drilled over 35 holes\nby CNEGS, of which 5,986 metres was cored. All boreholes were geophysically logged, and 273\nlignite samples were analysed for quality.\n\nThe purpose of the work programme undertaken by DRD should enable the results of the CNEGS 35-\nborehole programme to be validated, and for Block VI to be taken to the internationally recognised\nJORC standard and an independent Competent Persons Report prepared expected Q2 2008.\n\nSHAHRUKH KHAN, CHAIRMAN, SAID:\n\n\"I am delighted that the drilling programme has now commenced on Block VI of the Thar Coalfield,\nand that it has been signed within budget. We are on schedule to meet our development intentions,\nand are pleased with the ongoing support that we have received to date from the relevant\ngovernment authorities in the Province of Sindh.\"\n\nThe Directors of the Issuer accept responsibility for this announcement.\n\nENQUIRIES:\n\nORACLE COALFIELDS PLC\nSHAHRUKH KHAN, CHAIRMAN\nTELEPHONE: +44 (0) 155 381 0940\nEMAIL: [email protected]\n\nCORPORATE ADVISERS\n\nST HELEN'S CAPITAL PLC\nBARRY HOCKEN, DIRECTOR\nTELEPHONE: 020 7628 5582\nEMAIL: [email protected]\n\nCONDUIT PR\nJOS SIMSON/ARABELLA HOBBS\nTelephone: 020 7429 6603\n\nOracle Coalfields plc\n\n\t\t\t\t\t\t \n ","length":2514,"tagName":"div"}]