She talk about how surprised the geologists are at the size of the gold find for such a small tenement and that surrounding areas should also contain gold systems - sounds like they are considering extending the area they own - talks about further diamond drilling and a possible JV for future development further down the line. Well funded for current activities. Lots happening on the ground in ****stan with UAE investors interested. Very undervalued at current MCap https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-naheed-memon-ceo-oracle-power-7685677
"Initial reports from the laboratory are very encouraging" Naheed has always been very measured and cautious in her statements to the market so if she's happy to state this in an RNS I'm very bullish about the results - nice bit of anticipation can build now with the full results in a few days. The previous drill had some spectacular grades. Great they've secured a rig for Jundee East it's obviously a very competitive market for drilling right now
Article: Glasgow agreement and ****stan—II10 Dec 2021 12:01
"Major energy source remains to be Thar coal. Thar coal can be liquefied to produce gas (SNG). It is a tried and tested technology. The Glasgow Conference has softened its stand on coal under Indian and Chinese pressure. ****stan may also reexamine its earlier announcement of not building coal (Thar) power plants anymore. Coal gasification should be pursued with urgency due to the LNG prices and availability issues which may occur cyclically again. Coal gasification could be converted to hydrogen production easily when required and ‘carbon capture’ could be installed as well in the long run avoiding stranded asset possibilities. " Also talks about hydrogen economy in ****stan https://www.brecorder.com/news/amp/40139065
A lot of groundwork going on behind the scenes in ****stan - set up calls for tech providers in France next week - Dubai Expo will give project visibility - Sheikh very committed hydrogen is turning point for company - green development is the future also for Thar coal - results from Northern Zone very soon on track for confirming and improving on previous results! Jundee East waiting on confirmed dates for drilling rig very busy in WA. Company very undervalued as growing into multi project developer https://www.**********.co.uk/articles/the-ceo-show-with-zak-mir-naheed-memon-ceo-oracle-power-13e563b
There were 69,185,000 new shares issued - sale of 13,185,000 just gone through - that's the last of it seller done and when the market realises up we go
$15B deal for coal to chemicals in Indonesia6 Nov 2021 12:14
Air Products inks $15B deal with Indonesia to turn coal into chemicals The deal is a "long-term investment agreement" aimed at converting "low-value coal into high-value-added chemical products" such as methanol, Nikkei says. Part of the project reportedly will convert natural gas into blue ammonia, which has been made through a process that produces low carbon dioxide emissions. This is what we could be doing in ****stan in the near future if they just get on with it! https://seekingalpha.com/news/3766491-air-products-inks-15b-deal-with-indonesia-to-turn-coal-into-chemicals-nikkei
Also interesting article here: ‘We don’t believe in net-zero at the moment’ – ****stan’s top climate official at COP26 "On local coal, we’re looking for coal gasification and coal liquefaction technologies which are much less polluting and more efficient" https://www.thethirdpole.net/en/climate/we-dont-believe-in-net-zero-****stan-top-climate-official-at-cop26/
From the Q&A: while Thar is still a very valuable project and it will generate a substantial return for shareholders, the hydrogen project is the future - I believe that in a very short time it will be as valuable if not more than Thar.
Thar is $6-8 billion so hydrogen what $10 billion!
Also said Thar would be for sale at the right price and it will return value to shareholders at some point - ****stan in an energy transition that will take 20 years - there is still a role for coal. Also coal to gas/ liquids could start before power project if the policy goes that way.
Sindh Minister posted some pictures on Twitter too: https://twitter.com/ImtiazshaikhMPA/status/1451885705878200326 ****stan and Sindh are throwing their weight behind this project - can see a lot of promotion happening at COP26 as the country touts it's Green development
MOU Signing Ceremony For 400MW Green Hydrogen Project In Sindh At Energy Department, Karachi Oracle Power, a UK listed company and PowerChina International, signed an MoU for the joint development of the first green hydrogen project in ****stan. The MOU signing for the 400MW Green Hydrogen Project in Sindh held on 23 October 2021 at Energy Department of Government of Sindh was witnessed by: Honourable Chief Minister Mr. Syed Murad Ali Shah Minister Of Energy Sindh Mr. Imtiaz Ahmed Shaikh And Excellency Consul General Of China In Karachi Mr. Li Bijian
?@OraclePowerPlc? & PowerChina leading. Our green hydrogen facility set to endorse this arrangement:
"****stan and China are likely to sign a three-year pact on promotion of investment cooperation in green development" https://www.brecorder.com/news/40128040
Great to see how fast this is moving and Oracle leading from the front
David Lenigas tweet: Oracle Power moving back nicely IMHO to +0.7p after Convertible Loan Note finished the other day. About time. Go #ORCP. ?@OraclePowerPlc? ?@Naheed_Memon? But DYOR. Just my personal opinion.
I think this is a very achievable target this week although I'm hoping we push all the way back up to 1p - that would get the market's attention alright!
Yes you'd have to be particularly bitter not to see that the green hydrogen is a game changer for the company - probably sold out at the lows - anyway can't be bothered with all that - filtered!
Had a fantastic meeting with Sindh’s Hon Chief Minister today/ to discuss Oracle’s plans in the province- @OraclePowerPlc working very hard, moving fast.
Sounds like we should be hearing news on progress on Hydrogen and Thar soon.
Excellent summary for new investors18 Oct 2021 08:56
I can see a lot of new investors realising the potential here and coming onboard this week - been a nice steady rise is SP since the final conversion RNS and the company being debt free and I can only see that continuing throughout this week and leading up to the next major announcement. From £8m MCap it had and still has a very long way to go what an opportunity.
Great to see the buzz back on the bulletin boards and lots of enthusiastic and engaged posters! This company is offering something for everyone now with gold, renewable energy, hydrogen and coal to gas / liquids and the re-rate is steadily happening before our eyes with more and more investors taking positions and the drag from share conversions gone. I think we all have a right to get a little carried away with the potential here