RCS - Wildcat Petroleum - Wildcat Petroleum Newsletter (July 2023-Oct 2023)

Wildcat PetroleumAnnouncement

01/11/2023 07:15

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RNS Number : 9402R  Wildcat Petroleum PLC  01 November 2023

WILDCAT PETROLEUM - CAT FLAP NEWSLETTER (July - October 2023)

(from the Chairman)

1(st) Nov 2023

·  THE COMPANY IS FULLY BACK ON TRACK.

 

·  AS PREVIOUSLY ANNOUNCED, WILDCAT PLANS TO SIGN A SPECIFIC OIL
DEVELOPMENTAL DEAL WITH THE SUDANESE GOVERNMENT, BEFORE THE END OF THE YEAR.

 

·  THIS DEAL SHOULD LEAD DIRECTLY TO WILDCAT BECOMING A PRODUCING/PROFITABLE
OIL COMPANY IN 2024.

 

·  FIRST OIL PRODUCTION COULD BE ACHIVED AS EARLY AS THE FIRST QUARTER OF
2024.

 

· AS A CLEAR SIGNAL OF FAITH THAT THE COMPAY IS BACK ON TRACK THE CHAIRMAN
PURCHASED 26.3 MILLION SHARES IN THE COMPANY.

HIGHLIGHTS (July-Oct 2023)

FUNDRAISE

·    The Company raised £450,000 (gross) under difficult market
conditions.

·    Funds raised are sufficient to see the Company through the next 12
months(+), as well as covering the cost of signing the oil developmental deal.

·    The placing was heavily oversubscribed (large demand) and investors
had to be scaled back.

 

BAMBOO  OILFIELD.

·    One of the major producing oil field in Sudan.

·    Contains 506 MILLION BARRELS (STOIIP).

·    The field is to be renamed the WILDCAT FIELD.

·    Earmarked by Sudanese Ministry of Energy & Oil for development by
Wildcat.

OFFICE

·    Temporary Representative office has been opened in the South Sudanese
capital, Juba.

·    Provides alternative access to the Bamboo oil field through South
Sudan.

AUDITED YEAR END ACCOUNTS (JULY 1 2022 TO JUNE 30 2023)

These were announced to the Market on 25/10/23 (prior to the 31/10/23
deadline) - and can be found on our website www.wildcatpetroleum.co.uk
(http://www.wildcatpetroleum.co.uk)

AGM

We will announce our AGM plans in the next 2 weeks - date and location to be
confirmed.

 

Mandhir Singh, Chairman

Wildcat Petroleum plc

1 Nov 2023

 

 

 

 

 

 

THE COMPANY WOULD LIKE TO THANK SHAREHOLDERS WHO HAVE STUCK BY THE COMPANY
DURING THIS DIFFICULT YEAR. THE COMPANY FULLY INTENDS TO REPAY THIS FAITH IN
2024.

 

 

 

 

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