Member Info for lordsidcup

Always worth a listen - they are now positioning as green energy developers but existing projects will be completed. Feasibility studies on Thar already done so should be very few delays - she also revealed they have permission for up to 2GW of solar with a 1GW project to start with
https://zakmir.com/zakstraderscafe-interview-naheed-memon-ceo-oracle-power/#gs.vachdp

IMO this solar power project makes the future development of coal mining and gasification at Sindh a LOT more likely - the coal power plant has been the stumbling block. In the RNS it mentions supplying clean energy to Blocks 1 and 2 - why not power a gasification plant also? Clean power coal to gas sounds like a perfect solution to ****stan's chronic gas and chemicals shortages - it is happening at pace in India already.

This seems very significant - hopefully the breakthrough we've been waiting for !

Minister Energy Imtiaz Shaikh briefing the cabinet said that Sindh was blessed with an entire value chain of energy resources inter-alia coal, solar, and wind, with cost-effective access through air, land, and sea routes, which could be utilized for the generation of electricity.
https://www.brecorder.com/news/40236870/sindh-decides-to-set-up-sepra-to-end-energy-poverty

They entered into a share purchase agreement for precisely this reason!

I don't think there's a better more solid no brainer ten bagger stock on AIM right now

An MoU is a really significant step, in this part of the world they are taken very seriously and not entered into lightly - and thyssenkrupp will also have approved the agreement

From Twitter: https://twitter.com/SusanSakmar/status/1628305952352116736

The meeting seeks to establish a framework for expansion of Thar coal to meet the needs of all stakeholders and create investment and employment opportunities in the region...

Quadrupling coal capacity while reducing import of gas can only mean one thing - Thar Block VI is perfectly placed to take up some of that slack with power and coal to gas - in the last IGCEP the project was the first to be listed as a potential project that should definitely be considered and with financing still available through CPEC it's a no brainer - exciting times!

I'm doing a summary on Twitter #ORCP

The article is about Gwadar being unable to secure Chinese finance for switching to Thar coal, they will use imported coal instead. This may be good for us if they conclude our power project needs to be fast-tracked to make up the deficit in Thar coal power

"Effective utilization of local coal and gas resources shall be promoted for power generation on the principles of least cost and competition."
I believe we are one of the cheapest projects under consideration for power generation and with the gas added in Thar Block VI can't be ignored for much longer. It is clear the project has been maligned by senior figures in the PPIB but the Government just has no choice now with the chronic gas shortages and expensive imported coal situation likely to last for years.
Anyway here is the link if you want to read the document: http://www.mowp.gov.pk/userfiles1/file/National%20Electricity%20Policy%202021.pdf

Imran Khan was the one blocking all the Thar projects for years! At least they have started developing Thar now although as ever we seem to be falling behind other companies in the region with simpler projects. Here's hoping for some company making news over Xmas.

It's becoming increasingly a source of frustration that positive developments with the hydrogen project, which should be exciting the market ass much as Thar Block VI ever did, go completely unrecognised. IMO this is in large part because the Thar project is now holding us back.

We were told in the last review to expect an "exciting and innovative plan for development that takes into account environmental concerns" but again out patience has not been rewarded. ****stan is experiencing a gas crisis which Thar Block VI could help alleviate, but while other Thar projects are being fast tracked ours is still being blocked, perhaps by the PPIB MD as before.

I am coming around to the view expressed here by others that the Thar project needs to be sold for the company to move on, if no developments are expected imminently.

Yes she stated the same in a previous interview, thyssenkrupp do not take on projects unless they are 100% convinced, they have thousands of offers and are very choosy, they will be seeing the project through to completion.

Sindh Energy Conference 2022 organized by Petroleum Institute of ****stan - Prospects of Coal Surface Gasification Ms. Naheed Memon, CEO Oracle Power & Thar Coal
The presentation starts at around 2hr15 - check out the irritating pedant who "asks a question" but only wants to correct her figures at the end!
https://t.co/ggs03Z10LX

derisks project and opens up European regulated markets for green hydrogen and ammonia - big step towards bankability and attracting lenders, investors - moving aggressively developing this project on ground
https://video.twimg.com/ext_tw_video/1592194118838542339/pu/vid/640x360/yiEMXpSDtmVoHV8C.mp4?tag=12

So the Q&A video is up on Youtube now and every serious investor on AIM should be listening to it:

Near the end she says "I think we should be 10p straight away looking at the value and the size of our resource etc. we are extremely undervalued"

https://www.youtube.com/watch?v=DspcjzK51Ms

So so positive, she actually said SP should be ten times higher at least! So much going on and so much newsflow to come. Very pleased

Listening to the recent IG interview you couldn't help but feel the positivity and confidence coming through. All three active projects and the prospective Jundee East one are coming to fruition now - this is a transformational time for the company and they are already working with some of the biggest companies in the world to see it all delivered.
Hydrogen well just keep getting more critical as time goes on and they are first movers in ****stan with probably more to come.
Thar is just around the corner now.
Northern Zone some sort of deal for JV with a major miner is close.
There is so much to like here and the company is still do cheap for new investors. Onwards and upwards just the start

All pending development projects being revived: Khurram Dastgir
Federal Minister for Power Engineer Khurram Dastgir Khan has said that all development projects, put in cold store during the last 4 years, are being revived.
https://www.app.com.pk/national/all-pending-development-projects-being-revived-khurram-dastgir/