Oracle Power PLC Q3 Update & Shareholder Q&A Session (2363E)
2022年10月27日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMORCP
RNS Number : 2363E
Oracle Power PLC
27 October 2022
27 October 2022
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Q3 Update and Shareholder Q&A Session
Oracle Power PLC (AIM:ORCP), the international natural resources
project developer, is pleased to provide the following update
statement from its CEO, Naheed Memon, with respect to developments
during Q3 2022:
" In October 2021 we presented our significant green hydrogen
concept to the market with the objective of establishing a hybrid
solar/wind, green hydrogen/power project in a rapid timeframe in
accordance with the apparent global transition to green energy.
Within 12 months we now have a strategic and potentially
significant development asset being fast-tracked through a
dedicated vehicle by internationally accredited team of experts.
This development process accelerated during Q3 2022 and as
shareholders will be aware, the pace has subsequently increased
again in the current quarter with the recent appointment of
thyssenkrupp Uhde to undertake the technical and commercial
feasibility study for the green hydrogen and green ammonia plant.
This absolute commitment to expediting development of our green
hydrogen project, speaks to the recognition that we, our partners
and the Government of Sindh have of the significance of this
project, given the global demand of this new energy fuel.
"The breakthrough delivery in Q3 was the formal issuance of the
Letter of Intent ("LOI") from the Government of Sindh for Oracle
Energy's planned 400 MW green hydrogen and 1,200MW hybrid power
plant located in the wind corridor in Sindh. Oracle Energy, our
joint venture company formed to develop the green hydrogen project,
is actively engaged with technology suppliers, engineering firms
and off takers to set up the partnerships for the development of
the project. We have also been working hard to promote our green
hydrogen project on the international stage, including presenting
the project at Global Green Hub Korea conference on the invitation
of the Korea Trade-Investment Promotion Agency ("KOTRA").
"We are continuing the development of Thar Block VI Project and
there is renewed optimism in Pakistan in relation to the
development of Thar coal based on recent initiatives taken with
respect to using local coal for existing power plants and industry,
the commencement of a railway for the transportation of Thar coal
and the increased price of coal in the international markets. The
government is also reviewing the demand for power from Thar coal
and we are in dialogue to mobilise the development of our
Block.
"Now turning towards our interests in Australia, following on
from the successful metallurgical testwork undertaken at Northern
Zone at the end of Q2, Oracle has been working with various
potential partners to continue the development of Northern Zone. We
are in the process of completing the assessments on Jundee East in
relation to other minerals and expect to conclude the process very
soon.
"We have begun Q4 with enormous optimism and a focused approach
on delivering value for shareholders from our portfolio of assets
which sit across the spectrum of energy and commodities. We would
like to thank shareholders for their continued support as we look
to report further progress in Q4 and into the New Year."
The Board of Oracle would like to advise shareholders that
Naheed Memon, CEO, and David Hutchins, Non-Executive Director, will
be conducting a shareholder presentation and Q&A session via
the Investor Meet Company platform on Thursday 3 November 2022 at
10.30 a.m. GMT.
The presentation is open to all existing and potential
shareholders. Questions can be submitted pre-event via your
Investor Meet Company dashboard up until 9.00 a.m. the day before
the meeting or at any time during the live presentation. There is
no guarantee that all questions will be discussed on the call given
time limitations and/or specific sensitivities with respect to
operations.
Investors can sign up to Investor Meet Company for free and add
to meet Oracle Power PLC via:
https://www.investormeetcompany.com/oracle-power-plc/register-investor
Investors who already follow Oracle Power PLC on the Investor
Meet Company platform will automatically be invited.
*ENDS*
For further information:
Oracle Power PLC
+44 (0) 203 580 4314
Naheed Memon - CEO
Strand Hanson Limited (Nominated Adviser & Broker) +44 (0)
20 7409 3494
Rory Murphy, James Harris, Rob Patrick
St Brides Partners Limited (Financial PR) +44 (0) 20 7236
1177
Susie Geliher, Catherine Leftley
About Oracle Power PLC:
Oracle Power PLC is an international natural resource and power
project developer quoted on London's AIM market. The Company
currently has two areas of focus: Western Australia and Pakistan.
The Company is active in the energy industry in Pakistan and is
working to establish a green hydrogen production facility through
Oracle Energy Limited, a joint venture with His Highness Shaikh
Ahmed Dalmook Al Maktoum.
Oracle Energy has been set up as the project development company
and is funded on a 70:30 basis by Kaheel Energy (100% owned by His
Highness Shaikh Ahmed Dalmook Al Maktoum) and Oracle Power
respectively. The project development company provides a vehicle to
support the accelerated development of the green hydrogen project
to meet the growing international and domestic demand of green
hydrogen and clean energy.
The Company also continues to advance towards the development of
its Thar Block VI Project in south-east Pakistan into a mine, a
power plant and a proposed coal gasification project.
In Australia, its primary focus is the Northern Zone Gold
Project, located 25km east of the major gold mining centre of
Kalgoorlie, the home of the 'Super Pit' mine, the second largest
gold mine in Australia. Northern Zone has a current Exploration
Target of 200-250Mt at 0.4-0.6g/t Au for between 2.5 - 4.8Moz gold,
with drilling being planned to define a maiden inferred JORC
resource.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUNOVRUKURUAA
(END) Dow Jones Newswires
October 27, 2022 02:00 ET (06:00 GMT)
Oracle Power (LSE:ORCP)
過去 株価チャート
から 6 2024 まで 7 2024
Oracle Power (LSE:ORCP)
過去 株価チャート
から 7 2023 まで 7 2024