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Really enjoyed the Q&A session the platform was very professional.
Green Hydrogen no funding concerns moving forward plenty of opportunity for funding.
Thar VI will also have access to funding under CPEC.
Northern Zone talks with company/companies regarding joint ventures.
Any project can be sold but will be at a time for maximum returns for investors for which Naheed is a significant holder.
This is very good to hear. Any funding will be at a premium to much hard work to take funding at current SP.
if companies PowerChina for example what to invest it will be when ORCPA choose.
Very positive as expected
GLA
Yes a second invite has just been sent out by Investor Meet Company.
Two intraday RNS. In the years I have been in ORCP there are never intraday RNS unless changes to holdings.
Pace is picking up.
GLA
A good start to the week.
This RNS could have been released at 0700 Something positive IMO has happened earlier today.
The Q&A invite was sent out at 09:05 this morning then cancelled at 09:20 followed by an intraday RNS
Big news coming- I think so.
GLA
I am hoping someone with more knowledge of joint-ventures can clarify this RNS
Firstly we have an JV agreement 70/30. The Sheikh has advanced £273k I understand that part but why would he get any shares in return? Also at 4p? surely if he was to get shares then at 0.004p which is still a 25% premium would be more likely.
The timing of this RNS with the cancelation of Thursdays Q&A is what interests me. If the RNS is as people say shares purchased at 4p then why, could this be to put a value on Thar from possible offers?
Just enjoying the sun and wondering.
GLA
Please be advised that due to unforeseen circumstances ORACLE POWER PLC has had to cancel the meeting Q2 Shareholder Update Call scheduled for 15th Jul 2022 at 10:30am BST. A further presentation invitation will be issued in due course.
We apologise for any inconvenience caused.
Should you have any questions, please contact investorhelp@investormeetcompany.com.
Kind Regards,
The Team at Investor Meet Company
Hopefully some big news due just dotting the i’s and crossing the T’s
GLA
Magnum you are wrong. The board are committed to 10% salary per month for BBC a twelve month period. This circumnavigates the close period rule. News can come at anytime.
I’m checking every morning at 7 as IMO we are on the verge of transformational news.
GLA
Very disappointed with SP I have 16m at 0.44 so account looking awful.
I am still confident of a positive outcome with projects especially Thar VI it’s just dragging.
One confirmation RNS is all that is required for a monumental rise.
GLA
27 June 2022
Oracle Power PLC
("Oracle", the "Company" or the "Group")
MoU with U.S. hydrogen fuel cell company to explore heavy-duty transport & port infrastructure development
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has signed a non-binding Memorandum of Understanding ( "MoU") with Nuvera Fuel Cells LLC ("Nuvera") to jointly explore opportunities for de-carbonised heavy-duty transport and port infrastructure in ****stan powered by green hydrogen.
Nuvera, headquartered in Massachusetts, is enabling hydrogen vehicle adoption. Nuvera manufactures heavy-duty, zero-emission fuel cell engines for mobility applications. With teams located in the U.S., Europe and Asia, Nuvera provides clean, safe and efficient products designed to meet the rigorous needs of industrial vehicles and other transportations markets.
The MoU provides a framework in which Oracle and Nuvera will collaborate to identify and build relationships with customers in ****stan, which may become an early adopter for zero-emission mobility. The two parties will also coordinate and work with the governments of Sindh and ****stan to obtain required support for setting up for hydrogen mobility infrastructure. Oracle and Nuvera intend to cooperate in the demonstration of fuel cell-powered heavy-duty vehicles.
Naheed Memon, CEO of Oracle, commented:
"Building on our recent developments in the hydrogen industry, including our JV partnership supported by His Highness Shaikh Ahmed Dalmook Al Maktoum, the MoU with Nuvera provides us with a highly attractive opportunity to commercialise this ground-breaking fuel source. Working with Nuvera, a pioneer in zero-emission fuel cell engines, will equip Oracle with the technical expertise to bring the benefits of the clean, safe and highly efficient green hydrogen fuel cells to the industrial vehicle market in ****stan.
"Oracle is now carving out a prominent position in the southern-Asian energy and power industry, supported by influential, relevant and experienced partners, to advance our ambitions to establish and commercialise the first green hydrogen facility in ****stan."
"Oracle is now carving out a prominent position in the southern-Asian energy and power industry, supported by influential, relevant and experienced partners, to advance our ambitions to establish and commercialise the first green hydrogen facility in ****stan
Best they start utilising what is on their door step THAR comes to mind.
They will have to speed up all works around energy supplies if no one uses Russian fuel.
GLA