Oracle Coalfields PLC Power Plant Environmental/Social Impact Assessment (6422I)

TIDMORCP

RNS Number : 6422I

Oracle Coalfields PLC

21 June 2017

Environmental and Social Impact Assessment for Power Plant

21 June 2017

Oracle Coalfields PLC

("Oracle", the "Company" or the "Group")

Power Plant Environmental and Social Impact Assessment Public Hearing Date

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 (the "Project"), announces that the Sindh Environmental Protection Agency ("SEPA") has set the date of 13 July 2017 for the public hearing of the Company's power plant Environmental and Social Impact Assessment ("ESIA"). The meeting will be held in Thar Block VI.

The ESIA and supporting documents, including an environmental and social management and monitoring plan, were prepared to assess the potential environmental and social impacts of the Project and to identify any measures that would be needed to reduce or eliminate any significant impacts. The ESIA was carried out in accordance with national legislation and where applicable, international methodologies were used to assess whether the project met the relevant environmental and social standards. The ESIA has been prepared by Mott MacDonald Limited (UK and Pakistan offices). Final approval of the ESIA is expected to be received shortly after the public hearing and is given by SEPA by way of a "No Objection Certificate".

The ESIA has been placed on the Company's website: www.oraclecoalfields.com .

Shahrukh Khan, CEO of Oracle said:

"This is a further step in finalising the necessary approvals for the Project. The Company looks forward to updating the market as progress is made towards financial close."

For further information:

 
 Oracle Coalfields PLC                    +44 (0) 203 
  Shahrukh Khan                              580 4314 
 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 (Nominated 
  Adviser) 
  Salmaan Khawaja, Richard Tonthat,       +44 (0) 207 
  Daniel Bush                                373 5100 
 Blytheweigh 
  Tim Blythe, Camilla Horsfall, 
  Simon Woods, Nick Elwes, Megan          +44 (0) 207 
  Ray                                        138 3204 
 Fortbridge                               +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 21, 2017 02:00 ET (06:00 GMT)

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