UK's Wildcat Petroleum tumbles after co fails to sign production agreement with Sudan

Wildcat Gold

18/09/2023 11:57

** Shares of British oil and gas company Wildcat Petroleum
 WCAT.L  tumble 27.8% to 0.43p
    ** Stock top pct loser across the London Stock Exchange
    ** WCAT says due to current political situation in Sudan co
is currently unable to sign production sharing agreement (PSA)
with the Sudanese government 
    ** WCAT says currently production at the field is down to
around 4,000 barrels of oil per day (bopd) from a peak of 20,000
bopd 
    ** Up to last close, stock had fallen 68.15% so far this
year


 (Reporting by Zainab Saifuddin Saifee in Bengaluru)
 ((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))