Appointment of Finance Manager

RNS Number : 5128J

Oracle Coalfields PLC

01 July 2011

 



                                                                                            1 July 2011 

Oracle Coalfields PLC

(`Oracle' or the `Company')

Appointment of Finance Manager

Oracle Coalfields PLC (AIM:ORCP), the UK developer of a 1.4 billion tonne coal resource in the south-eastern desert of the Sindh Province, Pakistan, today announces the appointment, effective 1st July, of Tony Philip as Finance Manager.

Mr Philip trained as a Chartered Accountant and has operated in a variety of finance roles at Shell Group, and its affiliates, successfully managing company finance and governance within African and Middle Eastern countries, working with US, EU and local investors. During his time at Shell, West African Gas Pipeline Company and Oman LNG he worked with stakeholders across cultures and functions in order to manage several programmes from feasibility to operating phase.

Mr Philip holds a Bachelors Degree in Economics from Bristol University and is a Chartered Accountant.

Shahrukh Khan, CEO, Oracle Coalfields, said:

"We are delighted to welcome Tony as Finance Manager at Oracle Coalfields. His appointment follows the company's successful move to AIM and is part of a key strategy to strengthen the senior team both financially and operationally. His expertise within international project environments and complex partnering arrangements, coupled with his effective financial management, will prove invaluable for the company."

ENQUIRIES:

Blythe Weigh Communications

Tim Blythe, Ana Ribeiro, Matthew Neal

Telephone: [phone]

Libertas Capital Corporate Finance Limited

Sandy Jamieson, Neil Pidgeon

Telephone: [phone]

WEBSITE:  www.oraclecoalfields.com

 

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