Member Info for jange

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SUMO&ArticleCode=fg2z71jl&ArticleHeadli

Plenty of interest here with 202 trades today....and with some nice sizeable trades to boot........

Remember to tune in tomorrow for first half results...should show good growth so will be interesting....

Revenues grew last year to 28 million while profits grew to £7.5 million.........

All going to plan here..a good customer base with good profit and the market is growing nicely ...sumo is paid as games are developed....

Even if those pesky mm play there games...

Well sad Anubis happy times are coming............

Remember those 30p days seems a life time ago...one day Rodney....

Commenting on the results, Mike Kirk, Executive Chairman of QFI, said:

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This has been a significant year for Quadrise, and whilst there was a major setback with our planned project in the KSA when our client could not deliver on its promises to progress the trial, I am very proud of the work delivered by the Quadrise team.Â

After a prolonged period of stasis in the marine bunker market, the developments during the first half of calendar year 2018 provide a very positive outlook for Quadrise. We are using these catalysts to accelerate our business development activities with refiners and fuel consumers in the power, marine and industrial markets to progress MSAR® projects.

Despite the challenges during the year, we have, through our activities, reduced risk in certain key areas. We realise that the path to success may not always be smooth, but we remain well placed to deliver on the substantial opportunities that we have; both directly and through our collaborative agreements with our partners including Freepoint and JGC.

We are focused on building a sustainable business through the adoption of MSAR® technology at scale and through this to build investor confidence and value

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=QFI&ArticleCode=p93wt3tf&ArticleHeadline

Just certificated my a/c tonight...stubborn to the end lol..

Thanks for your response....If we look back the Bod have been very good,cash burn has been relatively low with bod keeping costs low...Hopefully good results soon from ST good luck mate......

Wreslers........Another day closer to our dreams coming true.......

Drilling is on going...........

Not looking good..do you care to explain???

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

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.

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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

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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

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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.

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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.

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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....

Yes True..

It is an investment fund buying in.....How can you be dumb Anubis your invested here best decision you have made good luck....

Was that mentioned at the visit mate.......