Business
World Bank Roundtable
World Bank Roundtable.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n\n 04/08/2008\n GB00B23JN426/GBP/PLUS-exn\n\n ORACLE COALFIELDS\n (\"Oracle\" or \"the Company\")\n\n World Bank Roundtable\n\nOracle Coalfields Plc (PLUS: ORCP) the coal explorer and developer in Pakistan, is pleased to give\nthe following update. At an operational level the Company is in the final stages of outlining the\nstrategic programme for its Block VI property of the Thar Coalfield and expects to update\ninvestors by the end of the third quarter.\n\nOn 28th and 29th July the CEO of Oracle Coalfields, Mr. Shahrukh Khan, was invited to take part at\na World Bank and International Finance Corporation Investor Roundtable on Pakistan's Power Sector\nin Washington D.C, USA. The roundtable discussion was instigated to develop Pakistan's strategy\nfor power generation. Mr. Khan presented Oracle Coalfields and its plan for the future\ndevelopment of Block VI, Thar Coalfield, to a high level delegation of the Government of Pakistan,\nled by His Excellency Yousuf Raza Gilani, the Prime Minister of Pakistan.\n\nShahrukh Khan, Chief Executive Officer said:\n\n\"The Company had the privilege to be invited by the World Bank and International Finance\nCorporation in Washington D.C. to participate in this high level meeting chaired by His Excellency\nYousuf Raza Gilani, the Prime Minister of Pakistan and His Excellency the Chief Minister,\nGovernment of Sindh, Syed Qaim Ali Shah. The Company is pleased that the Government and World\nBank are addressing the issues facing the Pakistan power sector.\n\nI look forward to outlining to investors the strategy for the development of our 1.4 billion tonne\nJORC compliant measured resource at our Block VI coal project in the near future.\"\n\nThe Directors of the issuer accept responsibility for this announcement.\n\nENQUIRIES:\n\nORACLE COALFIELDS PLC\nSHAHRUKH KHAN, CHAIRMAN\nTELEPHONE: 01366 500722\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\nTelephone: 020 7429 6603\n\nWEBSITE:\n\nwww.oraclecoalfields.com\n\nAbout Oracle:\n\nOracle Coalfields plc is a London-based resource exploration and development company with an 80\nper cent owned subsidiary (Sindh Carbon Energy Limited) operating in Pakistan. The Company's\nshares are quoted on ...