Oracle Coalfields has decided to to restructure its board, with a view to strengthen the company's position for its next stage of development. It was also with a view to project delivery of Block VI, Thar Coalfield, Sindh, Pakistan, and also to increase access to a wider international investor base, and to identify new opportunities for Oracle to deliver early cashflows. The company said Roderick Stead had stepped down as a director of the company and its Pakistani subsidiary, Sindh Carbon Energy Ltd, with immediate effect. Yves Mordacq joins the board of Oracle Coalfields and Sindh Carbon Energy Ltd as a Director, also with immediate effect.
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