REG - Wildcat Petroleum - Appointment of Upstream Oil & Gas Consultancy

Wildcat PetroleumAnnouncement

07/02/2022 07:00

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RNS Number : 8102A  Wildcat Petroleum PLC  07 February 2022

07 February 2022

Wildcat Petroleum Plc

("Wildcat" or the "Company")

Appointment of Africa-focused Upstream Oil & Gas Consultancy

 

Wildcat Petroleum Plc (LSE: WCAT), a company targeting investment
opportunities in business and assets within the upstream sector of the
petroleum industry, is pleased to announce the appointment of PETRO-TEC (PT)
as petroleum consultants.

PT is an international petroleum consultancy specialising in development,
planning and reservoir management. They are experts in the field of Enhanced
Oil Recovery (EOR), with extensive experience in the identification, screening
and selection of brown field petroleum sites in which EOR techniques can be
applied. PT will be able to devise, implement, run and evaluate appropriate
field development projects alongside WCAT. Although it has experience working
on projects all over the world, PT has particular expertise working in Africa,
especially in Sudan, South Sudan and Chad. For example, PT was employed in
2021 by the Ministry of Petroleum of the Republic of South Sudan, preparing
geological reports and promoting, to international oil companies, the 14 oil
blocks in its inaugural licence round.

Mandhir Singh, Chairman of Wildcat, commented: "We are delighted to welcome
Petro-Tec aboard. One of our main goals has always been to start oil
production, especially given recently rising oil prices. We are hopeful that
Petro-Tec can help WCAT firstly identify and secure producing oil assets which
are suitable for EOR and secondly that we can utilize PT's EOR expertise to
start profitable oil production."

Dr Omar Abu-Elbashar, CEO of Petro-Tech, commented: "We are very happy to be
working in partnership with Wildcat, an up and coming and ambitious oil
company. We are confident our insights, technical capabilities and our
extensive network can help WCAT achieve its strategic objective of securing an
oil asset which is revenue generating, either immediately upon acquisition or
within a short timeframe.

Enquiries:

 Wildcat                               groberts@wildcatpetroleum.co.uk

 Glyn Roberts
 Guild Financial Advisory              ross.andrews@guildfin.co.uk

 Ross Andrews
 Yellow Jersey (Investor Relations)    +44 (0)20 3004 9512

 Tom Randell                           wildcat@yellowjerseypr.com

 

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 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.

https://www.wildcatpetroleum.co.uk/ (https://www.wildcatpetroleum.co.uk/)

About Petro-Tec

PETRO-TEC was established in London in 1992 and specialises in:

·      Reservoir Simulation studies

·      EOR Studies, Screening, Study review, Monitoring, evaluation

·      Exploration Block Promotion: Block Evaluation, Farm-in &
Farm-out consulting.

·      Reservoir Management: Management of Block concessions or looking
after share equities in blocks operated by other companies

·      Petroleum Studies: G&G, Reservoir Simulation, Studies

·      Well test Interpretation.

·      Petroleum Economics and Prospect Evaluation.

·      Oilfield Services & Equipment supply.

·      Procurement of Petroleum Materials.

·      Petroleum Training

https://www.petrotec-int.com (https://www.petrotec-int.com)

GLOSSARY

Enhanced Oil Recovery - the use of certain methods such as the injection of
carbon dioxide into existing wells in order to increase the recovery of crude
oil from an oil reservoir.

 

 

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