REG - Wildcat Petroleum - Oil Fund Investment into WCAT & Strategic Advisor

Wildcat PetroleumAnnouncement

03/10/2022 07:00

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RNS Number : 4403B  Wildcat Petroleum PLC  03 October 2022

3rd October 2022

 

WILDCAT PETROLEUM PLC

 

("Wildcat", "WCAT" or the "Company")

 

OIL FUND INVESTMENT INTO WILDCAT

APPOINTMENT OF STRATEGIC ADVISOR TO THE BOARD.

 

Wildcat Petroleum Plc (the "Company" or "Wildcat") (LSE: WCAT), is pleased to
announce backing from natural resources specialist investor, Waterford Finance
and investment Ltd ("Waterford"). The owner of Waterford, Mikhail Kroupeev
will join WCAT as a strategic adviser to its Board of Directors and Waterford
will also take a nominal equity stake in Wildcat*.

 

The Waterford Group ("Waterford") was established in 1995 as an investment
vehicle for Mr Michael Kroupeev.

Waterford invests mainly in up-stream petroleum projects and since its
inception, the fund has invested in over a dozen such projects, both public
and private. In London, the company has invested in listed petroleum companies
including Emerald Energy, Dana Petroleum, Anglo-Siberian, EuroSov Petroleum,
Gulfsands Petroleum, Sterling Energy, Petroceltic and Sibir Energy.

Wildcat will be able to draw upon Mr Kroupeev's extensive experience of
managing listed oil companies as well as raising finance and negotiating
significant petroleum sector deals.  Wildcat will seek to leverage the
extensive financial and petroleum network Mr Kroupeev has built up over the
last 30 years, working with major investors, funds and major oil companies.

 

Mandhir Singh, Chairman of Wildcat, commented: "The management of Wildcat is
delighted to secure the backing of such a successful and experienced partner.

The support provided by Waterford and Mr Kroupeev and their extensive networks
will help to accelerate the process of Wildcat becoming a profitable,
producing oil company with a high impact exploration division.

This relationship will also allow Wildcat to tackle significant oil projects.

With oil energy prices at historical levels WCAT remains laser focused on
securing a stake in a significant African oil producing asset, ASAP.

 

MIKHAIL KROUPEEV, Founder and owner of Waterford, commented "We believe that
Wildcat Petroleum are part of what will likely be the next generation of
successful oil Industry players, focused particularly on the opportunity in
Africa.

Waterford is glad to be aboard near the beginning of the journey during which
Wildcat has the potential to turn itself into a major force in the African
up-stream Petroleum sector. We will provide Wildcat with all the support it
requires directly and through our network so that it can achieve its ambitious
strategic objectives.

The management of the company are highly innovative and motivated which fits
with our own attitude and investment approach.

The can-do attitude of the company as well as its high ambition gives us
confidence that Wildcat has the potential to become the next successful
African mid-tier oil company.

 

* Waterford will subscribe for 10 million new ordinary shares in Wildcat at a
price of 0.5p per share for a total consideration of £50,000.

The new ordinary shares will rank pari passu with the Company's existing
issued ordinary shares. The Company intends to allot and issue these new
ordinary shares under its existing authorities on a non pre-emptive basis.

The Company will be making its application to admit the new ordinary shares to
the Official List of the FCA and to trading on the Main Market (Standard List)
of the LSE. Admission is expected to occur on 7 October 2022.

Conditional on Admission, the Company's issued ordinary share capital will be
2,410,000,000 ordinary shares, which may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Enquiries:

 Wildcat                               msingh@wildcatpetroleum.co.uk

 Mandhir Singh
 Guild Financial Advisory              ross.andrews@guildfin.co.uk

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

                                       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 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.

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

www.waterfordgroup.co.uk (http://www.waterfordgroup.co.uk)

 

 

 

 

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