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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Oracle Power Share Price (ORCP)



Share Price Information for Oracle Power (ORCP)


Share Price: 0.725Bid: 0.70Ask: 0.75Change: 0.00 (0.00%)No Movement on Oracle Power
Spread: 0.05Spread as %: 7.14%Open: 0.725High: 0.725Low: 0.725Yesterday’s Close: 0.725

Oracle Power Plc Ord 0.1P

Oracle Power is listed in the FTSE AIM All-Share
Oracle Power is part of the Mining sector






Share Price SpacerPrice
0.725
Share Price SpacerBid
0.70
Share Price SpacerAsk
0.75
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
0
Share Price SpacerOpen
0.725
Share Price SpacerHigh
0.725
Share Price SpacerLow
0.725
Share Price SpacerClose
0.725
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 1,141.82m £8.28m 30,000

52 Week High 2.63 52 Week High Date 29-SEP-2017
52 Week Low 0.70 52 Week Low Date 20-SEP-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
0 0 0 -6.591 -0.11 0.00 0.00


London South East Users info for Oracle Power




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

18-Sep-18
15:29:32
0.70
2,500,000
Sell* 
0.70
0.75
17.50k
Trade Type:
Ordinary
Delayed publication

18-Sep-18
15:20:01
0.75
1,000,000
Buy* 
0.70
0.75
7,500
Trade Type:
Ordinary
Delayed publication

18-Sep-18
09:31:36
0.70
7,079
Sell* 
0.70
0.75
49.55
Trade Type:
Ordinary




View more Oracle Power trades >>

Directors Deals for Oracle Power (ORCP)
Trade DateActionNotifierPriceCurrencyAmountHolding
16-Sep-14Placing
Trade Notifier Information for Oracle Coalfields
Adrian Loader held the position of Chairman at Oracle Coalfields at the time of this trade.
 Adrian Loader
1.25GBX554,5324321992
16-Sep-14Placing
Trade Notifier Information for Oracle Coalfields
Adrian Loader held the position of Chairman at Oracle Coalfields at the time of this trade.
 Adrian Loader
1.25GBX800,0004321992
16-Sep-14Placing
Trade Notifier Information for Oracle Coalfields
Shahrukh Khan held the position of CEO at Oracle Coalfields at the time of this trade.
 Shahrukh Khan
1.25GBX562,54032958507
View more Oracle Power directors dealings >>


jange
Posts: 27,745
Opinion:No Opinion
Price:0.90
RNS
Thu 07:34
Other activity will include a Land Ownership Survey in Block VI so that the formal acquisition of land can be completed soon after Financial Close. Also we will agree with our Chinese partners on any further technical work to be carried out before Financial Close, e.g. additional hydrology and geological drilling, power plant ground investigation works, and a water disposal study. <br /><br /> <br /><br />Equity Placings<br /><br />The Company has successfully raised funds to meet working capital costs, £550,000 gross in April and £450,000 gross in August. The Company has also acquired the minority interest in its Pakistani subsidiary Sindh Carbon Energy Limited through a **************, issuing 95,652,174 shares of Oracle Power PLC. Currently shares in issue stand at 1,141,821,582.<br /><br /> <br /><br />Pakistan<br /><br />An orderly transition of power followed the general election in Pakistan in July. It will take some weeks yet for new ministers and officials to take up their roles. The new Prime Minister, Imran Khan, has reaffirmed support for CPEC to maintain its momentum. We are keeping in close touch with all levels of Government to ensure continued support for the development of Thar.<br /><br /> <br /><br />Summary of Results<br /><br />As expected for a mining company at our stage of development, our financial results for the six months to the 30 June 2018 show an operational loss for Oracle Power PLC Group of Companies after taxation of £458,871 (2017: loss of £460,667). At the period end, the Group had cash and cash equivalents of £53,274 (2017: £57,782) and total assets less current liabilities of £5,269,062 (2017 : £5,103,038). The basic loss per share was 0.04p (2017 : loss 0.05p). <br /><br /> <br /><br />The Board extends its appreciation to the Thar Coal and Energy Board and the Energy Department, Government of Sindh, as well as the Ministry of Energy (Power Division) Government of Pakistan for their continued support. The Board also continues to be very grateful for the patience and support of our shareholders.<br /><br /> <br /><br /> <br /><br /> <br /><br />Mark W. Steed<br /><br />Chairman of the Board - Oracle Power PLC<br /><br />Date: 19 September 2018<br /><br /> <br /><br /> <br /> <br /><br />CHAIRMAN'S STATEMENT FOR THE 6 MONTHS TO 30 JUNE 2018<br /><br />CONSOLIDATED INCOME STATEMENT<br /><br />FOR THE 6 MONTHS ENDED 30 JUNE 2018
jange
Posts: 27,745
Opinion:No Opinion
Price:0.725
rns
Thu 07:30
CHAIRMAN'S STATEMENT FOR THE 6 MONTHS TO 30 JUNE 2018

Chairman's Statement

I am pleased to present the Company's results for the six months ended 30 June 2018.

Â

Board Changes

May I first pay tribute to my predecessor as Chairman Mr Anthony Scutt, who stood down as Chairman in February, and from whom I then took over as Chairman. Regretfully he was not reelected as a Director at the Annual General Meeting in June. He has served the Company since 2006. My Board colleagues and I are profoundly appreciative of his invaluable contribution to the development of Oracle over this time. I am pleased to advise that he has agreed to continue to serve us in the role of a consultant. We are now actively looking to appoint additional non-executive directors.     Â

Â

Operational Update

On 12 February 2018, the Company announced that the Private Power Infrastructure Board ("PPIB") approved the issue of Notice to Proceed ("NTP") and Letter of Intent ("LOI") to the Company's subsidiary Thar Electricity (Private) Limited, subject to an increase in size of the power plant (from 660 MW to 700 MW) being approved within the China Pakistan Economic Corridor ("CPEC").  Â

Â

Once the PPIB have formally issued the NTP and LOI, we will put in place a Performance Bond for US$700,000. We then have formal approval to build, own and operate the 700MW power plant. We expect to then:

·     Require a full EPC and O&M (for 30 years operation) proposal from our Chinese partners for this;

·     Submit an Electricity Tariff Petition to the National Electricity Pricing Regulatory Authority ("NEPRA") under the Upfront Tariff Regulations July 2017;

·     Complete the Environmental and Social Impact Assessment approval process for the power plant, so that the Sindh Environmental Protection Agency can issue a No Objection Certificate, a requirement of the tariff approval process.

Â

We will then apply for a Generation Licence from NEPRA and also apply to the Energy Department Government of Sindh to enter into a Water Use Agreement for a water supply into Block VI.

Â

A Coal Price Petition will also need to be submitted to the Thar Coal and Energy Board for an EPC stage Coal Tariff.Â

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As foreseen in the Memorandum of Understanding ("MOU") signed in November 2017 with Chinese state-owned enterprises, Sichuan Provincial Investment Group Company Limited and PowerChina International Group Limited, the parties to the MOU are actively proceeding with financial, legal and commercial due diligence. On successful conclusion of this work, the parties will move forward to the second phase of the project, in particular the drawing up the definitive agreements and work towards Financial Close. Our Chinese partners are expected to arrange the finance with Sinosure and Chinese banks once all the approvals, permits and tariffs are in place....
aaa71
Posts: 16
Opinion:No Opinion
Price:0.725
RNS
Tue 16:32
RNS—some reassurance re placing but need to move forward. Been here a long time and getting impatient.
BrownAdder
Posts: 900
Opinion:No Opinion
Price:0.725
RE: Share price
Tue 13:56
think it will go down to 0.5 range
plenty of dilution etc to come.
could take up to Dec.

next stage starts January
they have til Dec to raise money, support.

0.05 would be ideal time to buy.
NotAmused
Posts: 109
Opinion:No Opinion
Price:0.85
Share price
8 Sep '18
I'm surprised to see the share price has gone up . look at the size of those sells , So now under 3% and got their finger on the sell button every time a buyer appears . Needs a situation update to be announced to small investors , obviously the bigger holders are in the loop and know what's going on, some one doesn't like what's developing otherwise they wouldn't be selling at every opportunity !!
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