Member Info for liquid1

Could be here, Tuesday, Wednesday or Thursday .

These were 0.44p on Friday

Market opened at 0.36p

Only reason it dropped was because of the derampers who want in cheap!

Always saddos around! Best to ignore them, mm’s are superior to them.

Deal by Friday

Oversold

Oracle Power PLC Joint Development Agreement Signed
16/12/2019 7:00am
UK Regulatory (RNS & others)

Oracle Power (LSE:ORCP)
Intraday Stock Chart
Today : Monday 16 December 2019

Click Here for more Oracle Power Charts.
TIDMORCP

RNS Number : 9096W

Oracle Power PLC

16 December 2019

16 December 2019

Oracle Power PLC

("Oracle", the "Company" or the "Group")

Joint Development Agreement Signed with the Private Office H.H. Sheikh Ahmed Dalmook Al Maktoum and China National Coal Development Company

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan (the "Project") on Sunday 15 December 2019 entered into a Joint Development Agreement ("JDA") with the Private Office of H.H. Sheikh Ahmed Dalmook Juma Al Maktoum ("Private Office") and China National Coal Development Company Limited ("CNCDCL"), a subsidiary of China National Coal Group Corporation (collectively with Oracle, "the Parties").

This JDA follows on from the Company's announcement of 19 November 2019 detailing that the Company's flagship Thar Block VI has been included in a proposed new initiative between the governments of Pakistan and China with respect to gasification of coal into fertiliser. The Project is also enshrined within the intra-government initiatives under the China-Pakistan Economic Corridor ("CPEC"). This new initiative runs in parallel to the Company's remaining long-term plan to construct and operate a mine-mouth power plant on Thar Block VI, also included as a "Priority Project" within the CPEC. The Company believes this JDA supersedes and replaces the previous Memorandum of Understanding (dated 19 December 2018 and subsequently amended: www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ORCP/14016881.html) and provides for an all-encompassing development scenario for both aspects of the aforementioned projects.

The JDA foresees the creation of a Special Purpose Vehicle to develop and undertake both projects. It is envisaged that the Project will be funded on a 75% debt and 25% equity basis, with the proposed ownership as follows:

CNCDCL 73%
Private Office 15%
Oracle 12%
Going forward the Private Office and Oracle will be responsible for, amongst other things, securing all the required permits, licenses, governmental and regulatory approvals, whilst also ensuring CNCDCL are introduced to the highest Government stakeholders, Ministries, Government agencies and departments in order to enable the Parties to jointly further advance and develop the Project.

CNCDCL will be primarily responsible for providing the required technical and commercial support in order to meet the project requirements, as well as arranging all the debt required to develop the Project. This includes

Sindh plans to launch Thar Coal Block-VI under CPEC
The Newspaper's Staff ReporterDecember 12, 2019Facebook Count
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KARACHI: The Sindh government has planned to launch Thar Coal Block-VI as a national strategic project under the China Pakistan Economic Corri­dor (CPEC) to develop coal mine, install a 1,320 MW coal-fired power project, produce gas, urea and diesel.

The area of Block-VI is 66.1 square kilometres and it contains estimated total coal reserves of 1.4 billion tonnes

In pursuance of the JCC decision, the Oracle PLC intends to enter into a Joint Development Agreement (JDA) with the China Coal Energy Company on Dec 15 in Dubai, which is a subsidiary of the state-owned China National Coal Group Company Ltd, the CEO said.

https://www.dawn.com/news/1521780/sindh-plans-to-launch-thar

The CEO invited the Minister Imtiaz Shaikh and his team from the Energy Department to attend and witness the signing of their JDA on 15th Dec 2019 at Dubai. It will be witnessed by His Excellency Sheikh Al Maktoum and the senior management of China National Coal Group Co. Ltd., the CEO informed. (PR)

https://sindhcourier.com/sindh-govt-to-launch-thar-coal-block-vi-to-produce-1320-mw-electricity-gas-diesel-urea/

Thanks Casper!

Great research. This sp is going places!

Look forward to imminent RNS

What's the target on imminent Disposal RNS?
1p??

With the restructuring completed this will enable the Dividend in Specie and listing of the producing assets through the wholly owned subsidiary, GDG. We believe that a listing now appears more likely given the update in relation to the trade sale process which appears to have slowed due to uncertain timing owing to factors beyond the potential buyer’s control.

We continue to believe that a successful restructuring and Dividend in Specie which will enable G3E to refocus and resume its core activity of exploration and development at its remaining blocks provides the most significant potential catalyst for a rerating of the shares.

We reiterate our Buy recommendation and 93p target price.

https://www.proactiveinvestors.co.uk/companies/news/903743/vsa-capital-market-movers---g3-exploration-903743.html

In view of the significant asset base and investments of over US$1billon in the development of its assets, the Company is seeking to re-structure its assets and liabilities in accordance with its previously announced business plan and believes that the JPLs will facilitate such execution to the benefit of all stakeholders.

Thanks flava

GDG has engaged an experienced bank and advisors to conclude a Reserve Based Loan ("RBL") of up to $250m, which has become a viable option to it following the approval of the Overall Development Plan ("ODP"). The proceeds from the RBL are expected to be sufficient to pay the intergroup loan to G3E enabling the dividend in specie to be concluded. Once independent, GDG maintains its plan to proceed onto a public listing.



Upon receipt of loan repayment proceeds from GDG, the Company expects to have successfully restructured its balance sheet, should be debt free and can proceed onto its exploration focused business plan. G3 Exploration shall in turn use these receipts to settle its outstanding debt, including to its Nordic Bond holders and Convertible Bond holders.



G3E has invested approximately $270m in its exploration portfolio which has a 2P value of over $816m. We are eager to focus on this portfolio and systematically migrate this portfolio into commercial production and thereafter farm-outs or sales. Each of these transactions should provide the shareholders a dividend. Our current portfolio in China provides a solid five year backlog of projects. The most advanced of these, the Guizhou exploration block (GGZ), is expected to commence test gas sales before the end of this year.

We continue to believe that a successful restructuring and Dividend in Specie which will enable G3E to refocus and resume its core activity of exploration and development at its remaining blocks provides the most significant potential catalyst for a rerating of the shares.

We reiterate our Buy recommendation and 93p target price.

https://www.proactiveinvestors.co.uk/companies/news/903743/vsa-capital-market-movers---g3-exploration-903743.html

All Buys on NEX:

11-Dec-19 13:40:30 14.99 12,875 Buy* 11.50 15.50 1,930 O
11-Dec-19 13:40:29 15.20 3,533 Buy* 11.50 15.50 537.02 O
11-Dec-19 13:39:57 14.99 2,642 Buy* 11.50 15.50 396.04 O
11-Dec-19 13:39:43 15.26 4,832 Buy* 11.50 15.50 737.36 O
11-Dec-19 13:39:14 14.70 2,000 Buy* 11.50 15.50 294.00 O
11-Dec-19 13:38:58 14.54 1,223 Buy* 11.50 15.50 177.82 O
11-Dec-19 13:28:30 14.88 21,073 Buy* 11.50 15.50 3,136 O
11-Dec-19 12:46:41 14.20 3,394 Buy* 11.50 15.50 481.95 O
11-Dec-19 12:46:20 13.99 197 Buy* 11.50 15.50 27.56 O
11-Dec-19 12:16:53 14.20 6,979 Buy* 11.50 15.50 991.02 O
11-Dec-19 12:15:38 13.99 329 Buy* 11.50 15.50 46.03 O
11-Dec-19 12:12:07 13.99 7,129 Buy* 11.50 15.50 997.35 O
11-Dec-19 11:45:21 13.99 21,354 Buy* 11.50 15.50 2,987 O

https://www.proactiveinvestors.co.uk/companies/news/903743/vsa-capital-market-movers---g3-exploration-903743.html

We continue to believe that a successful restructuring and Dividend in Specie which will enable G3E to refocus and resume its core activity of exploration and development at its remaining blocks provides the most significant potential catalyst for a rerating of the shares.

We reiterate our Buy recommendation and 93p target price.

21k on NEX buy at 14.88p gone through

Max 1000 share to buy online.

Nt

MM's moving up! Good sign!