Developing Pakistan's First Large Scale Open Pit Coal Mine


Oracle Coalfields is an AIM listed (AIM:ORCP) lignite coal explorer and developer of a 1.4 billion tonne JORC resource deposit, with 371 million tonnes in the proven reserve category. The company’s primary interest is the Thar Coalfield Block VI license area located in the Sindh Province, South Eastern Pakistan

Oracle Coalfields is a UK based company with coal projects in Pakistan. The Directors identified and are now developing Block VI of the Thar Coalfields asset with initial production targeted for 2013. The Company’s Directors will continue to evaluate global opportunities for investment which have the potential to increase shareholder value, as well as identifying strategic partnerships for coal mining and production.

The company signed Memorandums of Understanding (MOU) for an offtake of its coal, with both Karachi Electricity Company (KESC) and Lucky Cement. KESC is a public listed power company which intends to build a power plant(s) at the mouth of the Block VI Thar Coalfield in order to address the power cuts and load shedding in Pakistan. Lucky Cement is a public listed major cement producer in Pakistan.



July 2006, Oracle Coalfields engaged Dargo Associates Limited, an international coal consultancy based in the UK, to assist with its investigation of prospective areas of interest and to evaluate coal prospects in the Sindh Province.

In 2007, Oracle Coalfields’ 80% owned subsidiary, Sindh Carbon Energy Limited, was granted two licences for coal development by the Sindh Coal Authority and Mines and Minerals Development, Government of Sindh. The first licence, Indus East, was granted on 8th February, 2007, and the license for Block VI of the Thar Coalfield, was granted on 14th November, 2007. Sindh Carbon Energy Limited’s, primary focus is the development of Block VI of the Thar Coalfield. The Indus license is currently held in abeyance as the company focuses on Thar Coalfield Project.

Oracle Coalfields listed on the PLUS Markets primary exchange in August 2007 following a placing with three cornerstone investors. In order to aid liquidity, additional fundraising was completed in September 2007 and June 2008.

The first licence granted, Indus East, covers 100 square kilometres of semi-arid land. The work programme at Indus East commenced in early November 2007. The second licence granted, Block VI of the Thar Coalfield, covers 66.1 square kilometers. Oracle Coalfields completed further drilling to take the project to JORC standard 1.4billion tonne resource with 371million tonnes proven reserve.

In December 2009 Oracle Coalfields signed Memorandums of Understanding (MOU) for an offtake of its coal, with both Karachi Electricity Company (KESC) and Lucky Cement. KESC is a public listed power company which intends to build a power plant(s) at the mouth of the Block VI Thar Coalfield in order to address the power cuts and load shedding in Pakistan. Lucky Cement is a public listed major cement producer in Pakistan.

Project Timeline
1.Successful AIM listing
2.Strengthen management team
3.Progress on the Thar Coalfield Block VI to:
DFS in 3rd quarter 2011 followed by BFS
4.Project Finance to be completed by H1 2012
5.Mine Development H2 2012
6.First Production 2013





Volume: 3,442 pcs.

Market Cap: GBP 14.73M


http://www.oraclecoalfields.com/index.php

"

JORC statement out

19 May, 2008

GB00B23JN426/GBP/PLUS-exn


Oracle Coalfields Plc
("Oracle" or "the Company)

Drilling validation defines 1.4 billion tonnes JORC compliant Measured Resources and 371 million
tonnes Proved Reserves at Block VI Thar Coalfield, Tharparkar, Province of Sindh, Pakistan.

Highlights

* Measured Resource at Block VI, Thar Coalfield, of 1.423 billion tonnes

* Proven Reserve of 371 million tonnes at phase I and phase II mine areas at Block VI

* Coal is of lignite quality and suitable for combustion in power generation

Oracle Coalfields PLC (PLUS: ORCP) the coal explorer and developer, announces the results from its
seven borehole drilling programme at its 80% owned Block VI coal project located on the Thar
Coalfield in Pakistan. The results have returned a total measured resource at Block VI of 1.423
billion tonnes of lignite coal. The area of Block VI that has been delineated as the mine area has
returned a proved reserve of 371 million tonnes of lignite coal.

The results from the seven borehole drilling programme have validated the results of a 35 borehole
drilling programme undertaken in 2006 by the China North Eastern Geological Survey Bureau as
commissioned by the Sindh Coal Authority. The results have enabled the project to be taken to the
internationally recognised JORC standard (JORC: Joint Ore Reserves Committee of The Australasian
Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of
Australia). The main principles of JORC Code (2004 Edition) and definition of the resource can be
read as per the following link: (http://www.jorc.org/main.php)


Analyses of the results were carried out by the Company's independent UK coal consultants, Dargo
Associates Ltd ("Dargo").

The area of Block VI that has been outlined for the mining area is that which shows the most
favourable stripping ratio in relation to the overburden and the thickness of the coal seam.

Analyses of the 42 boreholes has shown the geology at Block VI to be simple with no known
dislocations and confirmed the quality of coal to be suitable for combustion in power generation.


Lignite Measured Resources Mt Lignite Proved Reserves Mt
Block VI Area 1,423 -
Total Mine Area - 371

Mt = Million Tonnes


Shahrukh Khan, Chairman, commented:

"We are delighted to announce the JORC results at Block VI of the Thar Coalfield, which have
exceeded our expectations. We now look forward to taking the project into the next phase of
development. We are reviewing the programme and strategy and shall inform the market of our
progress in the near future."

ORACLE COALFIELDS PLC ("THE COMPANY")

SHAREHOLDING NOTIFICATION

Oracle Coalfields Plc has been informed today that Mr Andrew Neubauer and his
family are now interested in 17,900,000 Ordinary Shares in the Company. This
holding has been reduced from 17.87% and now represents a shareholding of
16.49% of the issued share capital of the Company. The transactions made were
executed strictly in order to satisfy the PLUS Rules for Issuers in order to
maintain liquidity in the Company's shares and to ensure an orderly market.

The Directors of Oracle Coalfields Plc accept responsibility for this
announcement.

19/02/2007
As foreshadowed here last August, Pakistan coal venture Oracle Coalfields is seeking 1.2 million on PLUS.

Entrepreneurs Shahrukh Khan, 35, and Conrad Windham, 23, have launched their 5p-a-share offer, with backing from small company investor Bruce Rowan and St Helens Capital as adviser. Oracles stated aim is to explore and develop prospects in the Indus East coalfield in Pakistans Sindh province, with a 20 per cent local partner in the form of Sindh Koela, a company controlled by the influential Magsi family.

Bankers son Khan, with experience of large infrastructure projects in China and elsewhere, is chairman and chief executive officer of Oracle, whose value at the subscription price is 3.7 million. The company claims its licence area holds an inferred resource of 365 million tonnes, of which two boreholes, KHW 1 and 2, sport a surer indicated resource of around 24 million tonnes. Oracle argues the area to the east of the licence has been assessed to contain an inferred one billion tonnes.

If the float succeeds, Khans stake in Oracle will fall from 60 per cent to 40.5 per cent. Windham, a former assistant to share tipster Tom Winnifrith and now on the board of PLUS-quoted All-Star Minerals (with Beowulf Mining boss Bob Young) and other ventures, will have 13.5 per cent after the float, as will Rowan.

Oracle bases much of its investment case on the rapid growth of electricity demand in Pakistan and the likely inadequacy of present feedstock sources to satisfy it. The company says it intends to establish one or more mine-mouth power plants together with Sindh Koela with an aggregate capacity of 150 million megawatts.

Khan, Windham and Rowan also have six million warrants each and non-executive director Anthony Scutt, a Rowan associate, has two million. The issue has speculative promise for the strong-nerved

1st April 2008
GB00B23JN426/GBP/PLUS-exn

Oracle Coalfields PLC

Final Results For The Year Ended 31 December 2007

FULL YEAR HIGHLIGHTS

* Successful admission to PLUS in August 2007 at 3p per share, following placing of
GBP595,000

* Private placing at 3p per share completed in September 2007 raising GBP106,390

* Sindh Carbon Energy Ltd (80% owned) granted an exploration licence over Block VI of the
Thar Coalfield, in the Sindh Province of Pakistan, covering 66.1 square kilometres

* Sindh Carbon Energy Ltd granted a 100 square kilometre exploration licence at the Indus
East coalfield, KhoreWah, in the Sindh Province of Pakistan

* Drilling services contract signed within budget between Sindh Carbon Energy Ltd and
Pakistan-based coal specialist, Deep Rock Drilling (PVT) Ltd, to complete the work programme at
Thar and Indus East

ORACLE COALFIELDS PLC PLUS-quoted select Overview Profile Contacts Reports & Accounts Offerings News Market Data Charts


Date 52W Low 52W High
ORCP GBX 10.25 10.75 +0.25 230000 21/05/2008 3.75 10.25

Last 5 Trades
Trade Date Trade Time Price Volume Type Consideration Conditions
21/05/2008 10:02:49 10.00 100,000 O 10,000.00
21/05/2008 10:00:28 10.49 10,000 O 1,049.00
21/05/2008 09:22:19 10.49 20,000 O 2,098.00
21/05/2008 08:08:45 10.50 100,000 O 10,500.00
20/05/2008 15:52:24 10.60 13,000 O 1,378.00


Market Information
Details
Company Name Oracle Coalfields plc
Mid Price 10.50
PLUS Status Live
Market Cap 11.40 (M)
Start/Opening Price 3.25
Start Date 02/08/2007
ISIN GB00B23JN426
Par Value 0.1
Instrument Type ORD
Symbol ORCP
Currency Code GBX
Shares In Issue 108546334
Activities Mining other mineral extractors and mines.
Sector Mining

http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B23JN426/GBP/PLUS-exn

http://www.brecorder.com/index.php?id=743047&currPageNo=1&query=&search=&term=&supDate=

More than 150,000 jobs would be created with the execution of the Thar Coal Development Program which is based on various projects from the mining of coal to mine-mouth power plants and other industries

KARACHI: Sindh Chief Minister Qaim Ali Shah declared that the federal government had given him full authority to make decisions on the crucial Thar Coal programme which could not only provide much-needed jobs but also electricity that was so short.

Full Story:


http://www.dailytimes.com.pk/default.asp?page=2008%5C05%5C24%5Cstory_24-5-2008_pg12_10

Oracle Coalfields plc

Issue of Equity

12 June, 2008

The Board of Oracle Coalfields plc ("Oracle" or "the Company") is pleased to announce that it has
raised GBP453,750 through a placing of 5,500,000 shares with Orbis Equity Partners Ltd ("Orbis")
at 8.25p.

Additionally, 5,500,000 warrants have been issued to the investors that took part in the placing
through Orbis and are exercisable at 14p in whole or in part at any time until 31 May 2010.

Chairman's Statement:

"I am delighted with the response to the recent placing, which far exceeded the sum we set out to
raise, and is testament to the progress the company has made to date on its flagship project,
Block VI Thar Coalfield, and the strategy that is being put in place to bring the Thar project
into development."

There are now 114,046,334 Ordinary Shares in issue and the Directors are interested in a total of
34,580,000 Ordinary Shares which represent 30.32% of the issued share capital of the Company.

http://www.dailytimes.com.pk/default.asp?page=2008%5C06%5C21%5Cstory_21-6-2008_pg12_4


Thar Coal: Sindh gets investment offers of $2.5b

Staff Report

KARACHI: Seven companies, including renowned foreign firms, have expressed their interest in a joint venture with the Sindh government to mine the Thar Coalfield.

The project, which, in the long term may grow into a mining and power generation complex worth seven to eight billion dollars, will initially require an investment of US$2.5 billion. The expected mine development project will require three to four years to reach a production capacity of six million tons per year. This would be sufficient to generate 1,000MW, said Sindh minister for mines and minerals, Khatoomal Jewan, at the Sindh Assembly on Friday.

According to Jewan, the capacity could be expanded by 30 million tons per year within three more years, and the country would be capable to produce 5,000MW of coal-based electricity.

The companies who had submitted their proposals include the Al-Tuwairqi Group of Saudi Arabia, Sinocoal International Engineering Group, China, Engro Group, JS (Jahangir Siddiqui) Group, Lucky Cement and some groups from the UAE.

The minister termed it the first successful effort of the provincial government to attract major investment. This is the highest investment offer for a single project since the inception of this government, he pointed out

bloody hell, smiler my old fruit ...... talk of a dodgy play, though given that the world seems commodity (even coal) mad at the moment, there might be a decent penny to turn ..... Pakistan - hardly the stablest or most honest of countries ...... minute 11.5 cap of which only 2m is free ...... stock will be hopelessly illiquid ...... directors control so much of the company that the ordinary investor will be at their mercy .....

dive in, if you must ...... but dive out with a reasonable profit if you can!

smiler for me CHL is a far safer bet, for a long term investment.
cyril

Cheers cynic may sit on the side line on this one ! will take a look cyril.

smiler, good news from CHL this am, although not in myself on my watchlist. I
will wait and see what the future find raising brings?
My coal stocks at present are CBM, CLN and WTN, which are part of a trangle. CBM trying to sell its share (46%) of WTN and buy CLN. Although CDN (which i recently took my profits) and GCM are well worth considering.
aimho
cyril

thanks cyril, I have been in GCM for a year ,has ticked up nicely, I also like gpn prospects !

04/08/2008
GB00B23JN426/GBP/PLUS-exn


ORACLE COALFIELDS
("Oracle" or "the Company")

World Bank Roundtable

Oracle Coalfields Plc (PLUS: ORCP) the coal explorer and developer in Pakistan, is pleased to give
the following update. At an operational level the Company is in the final stages of outlining the
strategic programme for its Block VI property of the Thar Coalfield and expects to update
investors by the end of the third quarter.

On 28th and 29th July the CEO of Oracle Coalfields, Mr. Shahrukh Khan, was invited to take part at
a World Bank and International Finance Corporation Investor Roundtable on Pakistan's Power Sector
in Washington D.C, USA. The roundtable discussion was instigated to develop Pakistan's strategy
for power generation. Mr. Khan presented Oracle Coalfields and its plan for the future
development of Block VI, Thar Coalfield, to a high level delegation of the Government of Pakistan,
led by His Excellency Yousuf Raza Gilani, the Prime Minister of Pakistan.

Shahrukh Khan, Chief Executive Officer said:

"The Company had the privilege to be invited by the World Bank and International Finance
Corporation in Washington D.C. to participate in this high level meeting chaired by His Excellency
Yousuf Raza Gilani, the Prime Minister of Pakistan and His Excellency the Chief Minister,
Government of Sindh, Syed Qaim Ali Shah. The Company is pleased that the Government and World
Bank are addressing the issues facing the Pakistan power sector.

I look forward to outlining to investors the strategy for the development of our 1.4 billion tonne
JORC compliant measured resource at our Block VI coal project in the near future."

The Directors of the issuer accept responsibility for this announcement.


ENQUIRIES:

ORACLE COALFIELDS PLC
SHAHRUKH KHAN, CHAIRMAN

FREE EVENT

The directors of Plato Gold Corp (TSX-V: PGC), Oracle Coalfields (PLUS: ORCP), Beowulf Mining plc (AIM: BEM) and ZincOx Resources (AIM: ZOX) will be presenting:

Thursday the 17th February 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/101

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


If you have any problems registering or queries please email events@proactiveinvestors.com.au.

Oracle confirms AIM move



story here

http://www.proactiveinvestors.co.uk/LON:RGM/Regency-Mines/#youtube_991

also of Interest

JANUARY 19, 2012 RECORDER REPORT 0 COMMENTS
The most ambitious energy project of the country seems to have finally caught the attention of the major global players in the industry.

According to a news report, a consortium of US-based lignite mining giants has offered to invest dollar 10 billion in a large energy complex in Thar to produce 6,000 MW of coal-based power and introduce in Pakistan the concept of gasification and production of liquid fuel from coal.

The consortium at present is holding talks with the Pakistan authorities, including the Board of Investment, and seeks to tap a portion of the total reserves with time-saving technologies in the complicated lignite mining operation.

TharPak, L.L.C., which was set up to organise and lead the consortium believes that the mining operations would eventually have a production capacity of over 100 million tons per year to feed 80,000 barrels a day of direct coal to liquids plant.

The project would be completed in three phases and expected to generate 2,000 MW of electricity in the first phase, which could be increased to 6,000 MW by the last phase.

It was also revealed that the consortium comprises Evan Energy, Marshall Miller and Associates and Advanced Resources International.

As is widely well-known, Evan Energy is a leading international energy investment and consulting firm focusing on coal and related industry while Marshall Miller and Associates is a diverse consulting and engineering firm offering a wide spectrum of services in North and South America and Europe.

Advance Resources International is also internationally recognised for its research and consulting services relating to unconventional gas, enhanced oil recovery etc.

In addition, TharPak has secured the assistance of two internationally reputed research universities namely, the Virginia Centre for Coal and Energy Research and West Virginia University's National Research Centre for Coal and Energy, for training the local workforce.

At a time when the country is starved of energy and foreign investment in almost all areas of the economy has dried up due to obvious reasons, the investment prospects of such a magnitude by internationally recognised firms in this particular sector carry a great deal of significance.

This is so because in Pakistan's case, growth potential does not only seem to have hit a ceiling imposed by insufficient energy supply but has also impacted negatively on all other areas of the economy including job creation and the overall quality of life.

While energy demand has increased markedly during the last decade or so, supply has failed to match the growing demand due to policy failures with respect to setting up of viable new power projects, increasing exploration of natural gas, crude oil and coal, tapping regional markets and incentivising development of renewable energy sources.

One indication of this distressing situation is the rising "peak electricity load management" in the country which has jumped from 2,645 MW in FY07 to 6,151 MW in FY11 or from 16.7 percent of total demand to 33.2 percent in the same period.

Since modern production processes are heavily dependent on uninterrupted supply of energy, it is imperative for Pakistan to accord top priority to this sector for sustainable growth and the avoidance of social chaos and anarchy in the country.

However, while recognising the urgent need to augment energy supplies, it must be admitted that the public sector's ability to finance projects in this area is constrained by low tax revenues and the private sector is handicapped due to a variety of factors including a dismal rate of savings.

Against this background, the only ray of hope could be foreign funding along with the infusion of necessary technology and the ability to take high risks which are inevitable in such projects

of Interest

China plans to invest $10 billion in Pakistan’s energy sector

KARACHI: China’s state-owned Three Gorges Corp. plans to invest $10 billion by 2018 in Pakistan’s energy sector and a delegation is scheduled to visit Pakistan on February 7, officials said on Friday.

The Hong Kong-based United Energy Group Limited of China also intends to establish a 2,000 megawatts power project in Sindh as their delegation is also visiting Pakistan next month to hold further talks on setting up the power projects, they said.

Sindh Coal and Energy Department has signed memorandums of understating (MoU) with the two companies, which have shown interest in developing coal-fired power plants in Thar and Badin coal fields, as well, the officials said.

In an attempt to resolve the issue, the government is pinning hopes on Thar Underground Coal Gasification (UCG) pilot project, which contains the country’s largest coal deposits of around 850 trillion cubic feet spanning over 3,800 square miles, they said.

Overall, according to the World Energy Council, Pakistan has slightly more than 2,000 million tons of proven recoverable coal reserves.

Pakistan’s current electricity demand is around 25,000 megawatts per day, but the current electrical production is less than 20,000 megawatts per day, leaving a deficit of slightly more than 5,000 megawatts, and by 2015, domestic demand is projected to rise to 30,000 megawatts per day.

Currently, the country depends on oil and natural gas to generate up to 60 percent of its electricity needs, further impacting the country’s balance of payments as the price of oil rises and the ongoing power shortages are beginning to impact the country’s bottom-line exports, the officials said.

Member of the Science and Technology Planning Commission, Dr Samar Mubarakmand, has said that Thar coal project would be beneficial for common people and free from all defects.

The success of the Thar coal project would lead to investment from leading international companies, he said.

With the completion of coal-fired power generation project, the nation would get cheap and sufficient power supply, which would resolve the current energy crisis, he added.

Mubarakmand said that the country had enough coal reserves through which it could daily produce 50-60 million cubic feet gasifier, which would end gas shortage from the country.

It is for the first time that the coal gasification is being launched on commercial basis, which will help in abundant and cheap electricity

http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=89763&Cat=3

of interest

Pakistani Scientists success in producing natural gas from Thar coal

Thar coal power generation project has completed successfully Dr Samar Mubarakmand said on Wednesday., Talking to a private news channel, he said that the chairman of the project, Dr Samar Mubarakmand and his team successfully converted underground Thar coal in Tharparkar into coal gas. Thar project would start producing 100MW electricity, its capacity would be gradually increased it will produce electricity at Rs2 per unit.

The team of Dr Samar has achieved a great success in producing natural gas from under ground coal gasification technology in Thar coal Block 5.

Dr Mubarak said, coal was burnt at about 250 feet underground on December 11, on December 19 scientist successfully found the gas at Islam kot area of Thar.

He further added that, This project can generate 10,000 megawatts electricity for 30 years and can produce 100million barrel diesel per year.

He said that the project is to cost Rs8.898 billion with a foreign exchange component of Rs 5.847 billion that was approved by the Executive Committee of the National Economic Council last year.

Dr Mubarakmand said that the success of the Thar coal project will lead to investment from the leading international companies.With the completion of coal-fired power generation project, the nation would get cheap and sufficient power supply thus resolving the current pestering energy crisis, he added.

Dr. Samar said it is for the first time in Pakistan that the coal gasification is being launched on commercial basis and abundant and cheap electricity will be available.He said the coal gasification was already producing 50000MW around the world, as the cost of electricity per unit is relatively low.He said the four continents in the world are working on this project, as this method has enhanced energy efficiency reaching to 76 per cent.He said the new growth strategy of the country is being emphasised on power generation through coal.

Underground Coal Gasification (UCG) is the process by which coal is converted in situ into a combustible gas that can be used as a fuel or chemical feedstock. It is a process to convert unminable underground coal/lignite into combustible gases (i.e., combustible syngas – a combination of hydrogen and carbon monoxide) by gasifying. UCG uses a similar process to surface gasification.