Oracle Coalfields PLC Statement regarding Share Price Movement (2212A)

TIDMORCP

RNS Number : 2212A

Oracle Coalfields PLC

03 June 2016

3 June 2016

Oracle Coalfields PLC

("Oracle" or "the Company")

STATEMENT REGARDING SHARE PRICE MOVEMENT

Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert, in the south-east of Sindh Province, Pakistan, notes higher than normal level of trading activity in its shares. Oracle is pleased to announce that it has signed a Shareholder Framework Agreement subject to conditions precedent, whereby a consortium of new and existing Chinese partners will take 70% equity in its subsidiaries in Pakistan in order to advance the development of the project. A further announcement will be made in due course.

Ends

For further information:

 
     Oracle Coalfields PLC                         +44 (0)203 
      Shahrukh Khan                                  102 4807 
     Brandon Hill Capital Limited                  +44 (0)203 
      Oliver Stansfield                              463 5000 
     Peterhouse Corporate Finance              +44 (0)20 7220 
      Charles Goodfellow                                 9791 
     Grant Thornton UK LLP 
      Salmaan Khawaja, Richard Tonthat,           +44 (0) 207 
      Daniel Bush                                    373 5100 
     Blythe Weigh Communications 
      Tim Blythe, Camilla Horsfall,               +44 (0) 207 
      Megan Ray                                      138 3204 
     Fortbridge Consulting                        +44 (0)7966 
      Matt Beale, Bill Kemmery                         389196

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 03, 2016 10:34 ET (14:34 GMT)

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