RCS - Wildcat Petroleum - Wildcat Petroleum opens office in South Sudan

Wildcat PetroleumAnnouncement

04/09/2023 07:00

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RNS Number : 2020L  Wildcat Petroleum PLC  04 September 2023

RNS Reach Announcement 4 September 2023

Wildcat Petroleum Plc

("Wildcat" or the "Company")

WILDCAT PETROLEUM OPENS OFFICE IN JUBA, SOUTH SUDAN

The current political unrest in the Republic of Sudan which flared up on the
15(th) April has not fully resolved itself. However the Sudanese oil industry
infrastructure has not been affected and the oil fields located around the
Sudanese town of Heglig are still in operation. Since the start of the unrest,
South Sudan has actually doubled the amount of oil it is pumping through
Sudan's pipelines to the Port of Sudan on the Red Sea.

Following extensive consultation with the Director General of the Sudanese Oil
and Production Authority (OEPA) the Company will be opening a temporary base
of operations in the South Sudan capital Juba.

The Director General will liaise with his counterparts in the South Sudan
Ministry of Petroleum in order to facilitate Wildcat's cross border access to
the oil fields in the Republic of Sudan. This will mean that once Wildcat has
signed an oil contract with OEPA it will be able to get personnel and
equipment unhindered to the Sudanese oil fields through South Sudan.

Wildcat will access the oil fields around the town of Heglig by flying to the
airport at the Unity oil field (South Sudan) and then crossing the border by
land to Heglig in Sudan. The above map (which should be treated as an
historical document) indicates the location of these fields

The company would like to thank NIYAT Co for providing access to office
facilities whenever required in Juba (at the UAP Equatorial Tower)

OEPA is the Sudanese government department that is responsible for the
negotiation and awarding of oil contracts. A special thank you goes to the
Director General of OEPA for continuing to work with Wildcat under the current
difficult conditions.

Enquiries:

 Mandhir Singh (Chairman) msingh@wildcatpetroleum.co.uk

Notes to Editors:

Wildcat Petroleum (LSE:WCAT) is listed on the standard segment of the official
list, with shares traded on the main market of the London Stock Exchange. WCAT
is seeking to acquire projects or a business operating in the upstream sector
of the petroleum industry - namely exploration, appraisal, development and
production of oil and gas, with a primary focus on assets that are at the
later phases of exploration and production.

 

 

 

 

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