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Is it getting to this stage? I have been fully supportive up to this point, but the lack of updates from the company is getting to make we wonder. I know that I mentioned we have thi9s option if it ever gets to that point and was shouted down by a few, but it is still on the table. Are we at that stage?

"The directors must call a general meeting if so requested by the holders of 5% of the voting shares (or 5% of the voting rights if there are no shares). (The figure was reduced from 10% to 5% by the Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 4(2)."

I think it's also relevant to take into account the companies exit position.

Naheed has stated time and again that Oracle is a project development company, passing on the project once it is ready to be actioned. As such, it's likely that our exit position could be either pre-construction, or shortly after, with Oracle retaining a slice of the pie. The costs will be split up between all future partners during the FEED stage. Once complete, Oracle no longer needs to put funding into the mix. The Sheikh seemed pretty adamant and as a member of the ruling family, I can't see him letting it fail as it would look bad for him.

So, it could be that we see a return as early as end of Q3 next year. Then there are the other projects of course.

I guess it depends on what was included in the 3 year construction build and when in 2026 it reaces "plant operational".

We should now be entering the FEED period as I remember a while back reading an article where the Sheikh stated that they were expecting FID in 18 months from then (this was 1st quarter this year). He also said that was a definite timeline as things were moving quickly the project would definitely happen. That would have put construction starting before end of 2024.

If the 3 years allowed for construction time took into account land surveys etc, then that has already been done. We've also been told that the land is a lot flatter than had been hoped, so making the process a lot easier. There will be some revenue producing components up and running relatively quickly. The solar & batteries shouldn't take too long (depends if connectivity to grid being set up in stages or as a job lot), followed by the wind, then hydrogen storage and transportation facility before finally, hydrogen production. So, it is very feasible that income producing sections could be complete and running in2026. Even large scale solar farms can be done within 18 months including battery backup and grid connectivity.

The 20mw test plant, I should imagine will be run alongside the first solar arrays being installed, to test for any possible problems. The Glasgow 20mw hydrogen plant had an expected timeline of 2 years if I remember correctly. That would more likely be 18 months now. Maybe less as a lot of the preliminary studies have been completed

I would imagine that they are now working on getting the JV agreements sorted, so that they can then sort out the financing of the FEED study. The cost of this should already be known and it has to be completed before moving on to FID. The good news is that large scale FEED studies usually take around a year and that ties in well with it being mentioned before that they would want to have FID by around end of Q3 next year.

Once the FEED phase starts, it means we should have our JVs in place, so we will know who are partners are going to be, who is financing what and things really start to move at pace to finalise all the administrative side of things (agreements, licences, contracts etc).

So we are at an extremelly important point. I should imagine quite a lot of news incoming over the next few weeks.

Onwards and upwards.....

Superb news, thanks for that James

The way it has been explained, Oracle Powers intention is to gradually keep ading projects, get them off the ground, monetise them and then rinse & repeat. As each project could take 2 to 3 years to get to the monetise part, with some taking even longer, I feel that this is a stock that you will definitely want in your portfolio in the future. It has the possibility of continously growing over time.

As such, for me, it's a no-brainer to have this in my portfolio now, whilst the stock is still cheap. There is a huge upside here, with the added advantage of omgoing income if the northern zone model is to be used as a template for the other projects.

Some of us have been waiting for a very long time already and have considerable skin in the game, so facing pretty big losses. Personally I've got several million shares now, with a price point nearly four times it's current value. So am I worried? No, but I am a bit frustrated as we hit each delay. Still positive, still have the belief in Oracle and Naheed though. Keep the faith...

And another

Have to admit I'm surprised we haven't had the report yet. I wouldn't have thought Thyssenkrupp to be the type to leave things till the last minute. On the bright side, it means there has been more opportunity to load up at these lower levels. Could this be the point where the sp starts it's long and meteoric rise? Things certainly seem to be lining up that way, with lots of further reports due over the next 6 months or so.

Onwards and upwards......

There has been some talk of price manipulation. If that was the case, then the question would have to be why?

There could be a few possible answers, that may be worth considering.

Someone who has some insight into what is likely to occur and is trying to get the price as low as possible, to enable themselves to get a huge stake before some future event that will rocket the price back up.

Someone wishing to grab an influential stake. Even the Shiek only holds just under 15%, with the top 25 shareholders only just tipping the 50% controlling influence between them at 50.2%

The third, although I feel unlikely possibility, is to destroy credibility. This would only be likely if another party wanted to take control of one of the projects off ORCP.

I'm not saying the recent drop is due to manipulation, but felt it is worth considering why such may occur. I would be interested to hear if anyone else has any views?

I agree Legalwolf, there are a great many AIM listed stocks suffering at present. We have a lot going on at present though. We still have lots of news to come through, so this may well be a much happier chat board in a few months time.

The market is also about to enter it's quiet summer period, which could result in lower volumes. In the meantime, we have the option of picking up more shares at this very low sp, or simply waiting for things to improve.

I am in complete agreement with you GH. On the good side that means that someone is looking to do a huge purchase at some point in the near future. It also means that they see a lot of value in the company.

Once the first of these projects comes through, we will be looking at a massive increase from where we are now. The upside here is huge. Get all of the projects and the gold through, then we are talking a phenominal difference.

So is it worth the wait? Seems a bit of a stupid question. The returns from this are likely to be life changing for those with large volumes. That could begin at any time, with the further knowledge that all projects should be up and running within three years.

MOU with K Electric, Government of Sindh and Power China to get Thar VI Power Plant set up. https://www.nation.com.pk/16-May-2023/ke-signs-multi-party-mou-to-add-indigenous-resource-based-power-generation

I'm glad to see this one get over the line. There is still a lot to do at Northern Zone and this covers us from having to find the funds to do it, whilst still giving us an income from it. Any JV here, where we longer have to provide funds, yet retain income rights, had to be a good long term view IMHO. It frees us up to focus on what we see as our planned way forward. Green energy.

The information was passed on through Power Technology who are a recognised analytics company, as are GlobalData. When going direct to GlobalData, it seems the original report was back in December, so this is likely the viewed outcome back then. Being as these are both secialists in reviewing companies, it is likely in my view, that they therefore believe the project is going ahead, but there has been a delay.

Interestingly, GlobalData also issued a report concerning the Solar and GH in January. I don't have a copy of it, because they sell their reports and they are quite expensive. The fact that they have made a report available though, is very promising. Again, only my view.

i don't know where they got the information from, so please do your own research on this. it's from globaldata.

https://www.power-technology.com/marketdata/power-plant-profile-thar-block-vi-power-plant-****stan/

Naheed's salary is £150k & she owns £173.7k of shares, so she has obviously not just bought shares through the Director purchase scheme. She is the third largest shareholder behind the Sheikh and HBOS, so most definitely has "Skin in the game".

Yep, we are at a point where we need to have some major good news drop. The same can be said for the past couple of years however. We've seen the sp drop by nearly 60% in the last year alone. No point in attempting a raise until the news is in. Fortunately, there is still a lot of news to come, so rather than feeling down at this point, I think it is another good buying opportunity for those with funds available. Once the news comes through, there is more chance of the sp rising dramatically, than any further drops. Just my opinion though....

They are obviously very keen to get recognition as a green energy supplier/developer, the confirmation of this was mentioned more than once in the last webinar. Naheed also said about them taking the time to get it right and things taking as long as it takes.

What hasn't happened yet, is for the market to start to recognise Oracle as a member of those recognised in this field. So I guess the question is, what exactly is the point at which the market comes on board? Time will tell, so the only thing that can be done in the meantime is complete the usual paths in as efficient and comprehensive manner as possible. It appears that is happening, so we may just have to wait for that point at which Oracle change from a possible, to a contender. Pretty sure that we'll see regular jumps in the sp/market value from that point onwards as each further stage is complete.

As for the final study from Thyssenkrupp, I wonder if some of the more sensitive information may be held back until the FID in Q3 2024?

An excellent presentation, clear and a good update on how the vision and projects are progressing.

My main take from it is that there are no unexpected surprises, nothing negative and lots of positives as all projects other than Jundee East are progressing well. The recognisation that it is better to put Jundee east on the back burner is a positive move.

Coal, more likely to progress than at any previous point. GH, already past the mid point of the initial survey. Solar, survey already in progress. Plus, we are constantly bringing in new partners and joining with extremely useful organisations to help us move forwards.

Cream on the top? We shall continue to move forward to create further green projects in the future.