4 November 2010
GB00B23JN426/GBP/PLUS-exn
Oracle Coalfields PLC
("Oracle" or the "Company")
Extension of Block VI Thar Coalfield Licence
Oracle Coalfields PLC (PLUS: ORCP), the UK developer of a 1.4 billion tonne JORC Measured coal
resource in the south-eastern desert of Sindh Province, Pakistan announces that its exploration
licence at Block VI of the Thar Coalfield has been extended for an additional year to 25 November
2011.
The original exploration licence for coal over an area of 66.1 Sq Km was granted to Sindh Carbon
Energy Limited, a subsidiary of Oracle, in November 2007 for a period of three years. The
extension has been granted in accordance with the Company's plan to complete its feasibility study
for Block VI of the Thar Coalfield ("Feasibility Study") and an update on ongoing operations in
the field will be announced shortly.
Commenting on the extension, Shahrukh Khan, CEO of Oracle said: "The extension of the licence
demonstrates the continued governmental support for the development of the Thar Coalfield and will
allow us to complete our work program for the bankable Feasibility Study."
The Directors of Oracle are responsible for the contents of this announcement.
-Ends -
For further information please contact:
Oracle Coalfields PLC
Shahrukh Khan, Chairman
Telephone: +44 (0) 1366500722
Email: s.khan@oraclecoalfields.com
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: +44 (0) 20 7368 6959
Blythe Weigh Communications
Ana Ribeiro or Matthew Neal
Telephone: +44 (0)20 7138 3204
WEBSITE: www.oraclecoalfields.com
Oracle Coalfields plc