REG - Wildcat Petroleum - Termination of Proposed Transaction

Wildcat PetroleumAnnouncement

23/09/2025 09:45

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RNS Number : 4452A  Wildcat Petroleum PLC  23 September 2025

23 September 2025

Wildcat Petroleum Plc

("Wildcat" or the "Company")

Termination of Proposed Transaction

Wildcat Petroleum Plc ("WCAT" or "the Company") a company targeting investment
opportunities in business and assets within the upstream sector of the
petroleum industry refers to its announcement of 1 September 2025, regarding
the signing of a Memorandum of Understanding with Wildcat Gold & Mining
Trading & Multi Activities Company Ltd (WGMT") based in Sudan. The MoU
outlined the key terms of the proposed acquisition of the entire issued share
capital of WGMT (the "Acquisition").

Whilst there has been civil war in Sudan for several years, the areas where
the land is located that was subject to the acquisition is in
government-controlled areas and therefore considered relatively safe. However,
since the announcement on 1 September 2025, the rebels have started to use
long-range drones which have the capability to be programmed to hit specific
targets with pinpoint accuracy.

Advisors to the Company in Sudan have strongly recommended to suspend all
operations until either the drone threat is eliminated, or efficient counter
measures can be deployed. It is not known how long the situation will last and
as Wildcat is UK company, the Board feels that it could be a prime target. As
a consequence, the Directors have taken the decision to terminate all
discussions with immediate effect.

Restoration of Trading

As a result of the proposed transaction termination the Company has applied to
have the  suspension on the Company's listing on the equity shares (shell
companies) category of the Official List and trading on the London Stock
Exchange lifted with effect from today.

Enquires

 Wildcat                   groberts@wildcatpetroleum.co.uk

 Glyn Roberts
 Guild Financial Advisory

 Ross Andrews              ross.andrews@guildfin.co.uk (mailto:ross.andrews@guildfin.co.uk)

 

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