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Oracle Coalfields – rally should continue based on the back of pricing deal

Shares in long-unfavoured Oracle Coalfields (ORCP) have been winning some new friends in the wake of acceptance by government of Pakistan’s Sindh province of the company’s pricing petition for its 1.4 billion tonne brown coal (lignite) project in the province’s Thar desert. Shahrukh Khan, entrepreneurial Chief executive officer of AIM-quoted Oracle, argues this acceptance, which will still needs federal ratification if the Sindh government approves, amounts to a ‘green light’ for the projected first phase of the project, which envisages producing four million tonnes a year to feed a 600-megawatt power station for the electricity-hungry region, at an initial price for the lignite of $76.48c (£49) a tonne, subject to later annual review.

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Oracle Coalfields hails‘game changing year’

Shares in Oracle Coalfields (ORCP) have been bouncing strongly as the AIM-quoted company puts significant problems behind it and gears up to take its ambitious $1.3 billion (£803 million) lignite mining and power supply project in south-eastern Pakistan’s Sindh Province to development during 2016. Entrepreneurial chief executive Shahrukh Khan, an experienced project financier, declares ‘this year could be the game changer’.

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Oracle gets its licence back

Shares in bombed-out Oracle Coalfields (ORCP) have bounced on confirmation that the company has had its mining lease over a lignite (brown coal) deposit in south-east Pakistan’s Thar coalfield potentially holding more than a billion tonnes reinstated by the government of Sindh Province. Entrepreneurial chief executive Shahrukh Khan says AIM-quoted Oracle, whose shares fell from a 10p float price in 2011 to a recent low of 0.37p before rallying to 0.9p, is now talking to major potential Pakistani and Chinese partners about putting together a $1.3 billion (£840 million) project funding package.

NEWSFLOW

Oracle Coalfields (#ORCP) says gets its Pakistan coalfield back

NEWSFLOW

Oracle Coalfields (#ORCP) has taken steps needed to get its Pak coal license back, raises £3.37m at 0.65p

NEWSFLOW

Oracle Coalfields (#ORCP) says partners on Pak coal project supportive..even though it has lost asset. whatever

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Decision time for Oracle Coalfields

Pakistan may seem a politically unstable country in a dangerous region, mired in debt, religious extremism and cronyism, but Shahrukh Khan, entrepreneurial chief executive officer of Oracle Coalfields (ORCP), insists it is a land of promise with a buoyant stock market. He points to the successful completion of a $2billion Eurobond the other day as evidence of this and that Pakistan’s 180 million people are crying out for an end to the chronic electric power shortages which, he argues, provide a potentially lucrative opportunity for AIM-quoted Oracle.

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Oracle Coalfields at 2.6p - Failed Gap Fill Rebound Targets 3.5p

One of the best technical / charting signals around, and one that is still relatively obscure in terms of trader / investor knowledge is the unfilled gap to the upside through the 200 day moving average. This is wha we were treated to at Oracle Coalfields (ORCP) in September after an extended base over the previous year between 1.50p and 2p.

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Oracle Coalfields – When do you plan your next placing?

Back on the Cesspit AIM market I see that the biggest faller today is Oracle Coalfields (ORCP) whose shares are off 13% at 1.55p valuing the company at £5.01 million.