Oracle Power Share News (ORCP)

IN BRIEF: Oracle Power completes feasibility study on Pakistan project

Oracle Power PLC - international developer of energy projects focused on Pakistan and Australia - Announces completion of technical and commercial feasibility study relating to the proposed hybrid renewable power plant for its green hydrogen and ammonia project in Pakistan. Project is targeting a 400 megawatt capacity facility to produce 55,000 tonnes of green hydrogen annually. Company says the study includes technical assessments and details regulatory and environmental considerations for the construction phase. Claims the project's proposed location in the Sindh province's Thatta district leaves it well-positioned to produce and supply green hydrogen in Pakistan and neighbouring countries.

Oracle Power upbeat on study into proposed Pakistan hydrogen project

(Sharecast News) - Oracle Power announced the successful completion of a comprehensive technical and commercial feasibility study on Tuesday, conducted by China Electric Power Equipment and Technology (CET), a wholly owned subsidiary of State Grid Corporation of China (SGCC), along with Shanghai Investigation, and Design and Research Institute (SIDRI).

Oracle Power celebrates approval of work programme at Northern Zone

(Alliance News) - Oracle Power PLC on Monday said that a programme of work for drilling has been approved in Australia for a farm-in on the Northern Zone intrusive-hosted gold project.

Oracle Power reports solid development progress in fourth quarter

(Sharecast News) - Oracle Power updated the market on its activities during the fourth quarter of 2023 on Monday, reporting significant progress in its development projects.

Oracle Power reports solid development progress in fourth quarter

(Sharecast News) - Oracle Power updated the market on its activities during the fourth quarter of 2023 on Monday, reporting significant progress in its development projects.

Oracle Power optimistic as projects advance in Pakistan and Australia

(Alliance News) - Oracle Power PLC on Monday said that it is nearing and "extending" its goal to build a portfolio of project development opportunities, as a study in Pakistan neared completion.

IN BRIEF: Oracle Power says further drilling planned in Australian jv

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Updates shareholders on the farm-in by Riversgold Ltd on the Northern Zone Intrusive Hosted Gold Project, in Western Australia. Notes Riversgold has spent AUD273,299 to date on the exploratory works undertaken post farm in agreement. A heritage survey assessment is to be completed shortly and a programme of works is ready to be submitted thereafter. Further drilling is planned to expand the target cross section and advance the project towards a targeted maiden mineral resource estimate in 2024. Explains Riversgold now has the option to withdraw as it has spent in excess of AUD200,000 but is not expected to do so. States the planned POW will move RGL towards the aggregate AUD600,000 expenditure trigger, whereby the intended 80:20 joint venture structure between RGL and Oracle will be activated.

Oracle Power partner makes progress with Northern Zone exploration

(Sharecast News) - Oracle Power updated the market on the progress of the farm-in agreement by Riversgold for the Northern Zone intrusive-hosted gold project, 25 kilometres east of Kalgoorlie in Western Australia, on Thursday.

IN BRIEF: Gold intercepts found at Northern Zone project, says Oracle

Oracle Power PLC - Texas-based computer technology firm - Says farm-in partner Riversgold Ltd receives assay results from diamond drilling programme at the Northern Zone gold project in Western Australia. Says 5.26 grams of gold per tonne from 262 metres found. Chief Executive Officer Naheed Memon says: "With the Australian dollar gold price now pushing through AUD3,100 an ounce, the commerciality of these types of large-scale lower grade gold deposits becomes significantly more viable. The potential scale of this project linked to its good indicative conventional gold recoveries and its great location, being so close to Kalgoorlie, makes Northern Zone a highly attractive project to drill out."

IN BRIEF: Oracle Power hails green hydrogen project progress

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Progresses towards commercial viability of its green hydrogen project in Pakistan. Notes completion of 28 kilometres squared topography survey report using advanced drone technology to gather vital mapping data, adding that it revealed no significant obstructions to the development of the green hydrogen project. Says survey's findings will play a "crucial role" in "optimising the planning, design and construction costs for the proposed future 1.2 [gigawatt] hybrid wind and solar plants, along with the intended 400 [megawatt] green hydrogen facility." Says that it now aims for firm offtake agreements with partners and front-end engineering and design work for the planned plant.

UK shareholder meetings calendar - next 7 days

AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

IN BRIEF: Oracle Power shares plunge on fundraise for hydrogen project

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Enters into placing agreement to raise GBP350,000 through the placing of 1.0 billion shares at a price of 0.035 pence each. Notes agreement is conditional on the passing of related resolutions due to be proposed at a general meeting. The proceeds of the placing will primarily be used to support the advancement of the company's green hydrogen project in Pakistan. They will also help provide the company with sufficient working capital to develop its other projects.

Oracle Power fist half loss widens on increased overheads

(Alliance News) - Oracle Power PLC on Monday said its loss nearly doubled in the first half as costs rise.

AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.