Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oracle Power said its consortium partner China National Coal Development Company (CNCDC) has commenced preliminary feasibility work relating to the potential gasification of coal at the Thar Block VI project in ****stan. The natural resources and power project developer said this includes market analyses, process technology evaluation, public engineering of auxiliary facilities required, investment estimation and financial evaluations. In conjunction with CNCDC, Oracle is preparing coal-to-gas and coal-to-liquid policy requirements to be proposed to the government of ****stan with the intent that the optimal regulatory framework and government policy is established. Chief executive of Oracle Naheed Memon said: ?Drawing on the extensive experience of China Coal as a world leader in coal development and integrated industries, we at Oracle are positioning ourselves to become a first mover in the development of coal-to-gas for urea, coal-to-liquids and for other applications in ****stan. ?Alongside the development of our proposed mine mouth power plant, coal-to-gas and coal-to-liquids are expected to play an extremely important role in the growth of our company and we expect this work by CNCDC to establish the viability of, and a development model for, coal gasification at Thar Block VI.
Last year this was all about trying to start to a prime oil resource in Nigeria.
Then, out of nowhere, the Atomic deal materialised. This deal is a to buy a prime oil producing company in the USA - it was right time right price syndrome.
In order to facilitate the deal the share holding in the company was doubled through placings and managed to get term sheets from a company serious about lending them up to $65m.
The previous owner has been promised 4m dollars of shares when it goes through.
We get a company that is currently worth 10x + our mcap and a positive future.
And Nigeria hasn't gone away.