Pakistan coal venture Oracle Coalfields is seeking £1.2 million on the reinvigorated PLUS. Entrepreneurs Shahrukh Khan, 35, and Conrad Windham, 23, have launched their 5p-a-share offer, with backing from small company investor Bruce Rowan and St Helen’s Capital as adviser.

Pakistan coal venture Oracle Coalfields is seeking £1.2 million on the reinvigorated PLUS. Entrepreneurs Shahrukh Khan, 35, and Conrad Windham, 23, have launched their 5p-a-share offer, with backing from small company investor Bruce Rowan and St Helen’s Capital as adviser.

The group’s stated aim is to explore and develop prospects in the Indus East coalfield in Pakistan’s Sindh province, with a 20 per cent local partner in the form of Sindh Koela, a company controlled by the influential Magsi family.

Banker’s son Khan, with experience of large infrastructure projects in China and elsewhere, is chairman and chief executive officer of Oracle, whose value at the subscription price is £3.7 million.