22/05/2009
GB00B23JN426/GBP/PLUS-exn
Oracle Coalfields PLC
Oracle Coalfields Plc - Resignation of Director
Oracle Coalfields Plc ("Oracle" or "the Company") announces the resignation of Mr. Conrad Windham
from the Board with immediate effect so that he may devote more time to other projects that he is
involved with. Mr Windham has agreed a 12-month lock-in on his entire shareholding of 5,020,000
ordinary shares and 6,000,000 warrants.
Following this resignation the Directors are interested in a total of 29,638,291 ordinary shares
which represents 24.22% of the issued share capital of 122,359,668 ordinary shares.
Shahrukh Khan, Chairman, Oracle Coalfields PLC commented:
"I would like to extend my sincere thanks to Conrad for his involvement as a director with Oracle
Coalfields since the Company's formation almost three years ago. Conrad has played an effective
role since the Company's inception, and the Company is grateful for all his contribution."
The Directors of the issuer accept responsibility for this announcement.
ENQUIRIES:
Oracle Coalfields PLC
Shahrukh Khan, Chairman
Telephone: +44 (0) 1366500722
Email: [email protected]
St Helen's Capital plc
Barry Hocken
Telephone: 020 7628 5582
Email: [email protected]
Lothbury Financial
Michael Padley, Ron Marshman
Telephone: 020 7011 9411
[email protected]
[email protected]
WEBSITE: www.oraclecoalfields.com
About Oracle:
Oracle Coalfields plc is a London-based resource exploration and development company with an 80
per cent owned subsidiary (Sindh Carbon Energy Limited) operating in Pakistan. The Company's
shares are quoted on the PLUS markets (symbol: ORCP).
Oracle's flagship project is the Block VI coal project located on the Thar coalfield in the
eastern Sindh province, Pakistan. Block VI hosts a JORC-compliant resource of 1.4 billion tonnes
of which 371 million tonnes are in the proven category.
The Company also owns the Indus East coal project in Pakistan where a pre-feasibility study
carried out by Dargo Associates has confirmed a JORC-compliant inferred resource of 365 million
tonnes.
Oracle Coalfields plc