UK's Wildcat Petroleum rises after $25 mln funding MOU

Wildcat Gold

26/06/2023 09:10

** Shares of British oil and gas company Wildcat Petroleum
 WCAT.L  up as much as 38% at 0.550p - highest intraday gain
since October
    ** Top pct gainer across London stocks
    ** Signs MOU with third party to carry out due diligence on
deals that WCAT can source from Sudan
    ** The party could directly invest into a deal up to an
amount of $25 mln
    ** Party to invest into other petroleum projects in other
African countries sourced by Wildcat
    ** "This MOU is a significant step forward for Wildcat as we
aim to complete our first transaction in Sudan" - Chairman
Mandhir Singh
    ** As of last close, stock down ~70% YTD


    
   

 (Reporting by Radhika Anilkumar in Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com;))