London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If you also consider that savannah have been trying to complete on a major deal in South Sudan and a reason they can’t is because they don’t have MOP approval……
Wildcat Petroleum Plc
("Wildcat", "WCAT" or the "Company")
Wildcat receives TOP LEVEL approval from the South Sudanese Ministry of Petroleum ("MOP")
Wildcat is pleased to announce that it has passed a due diligence process conducted by the South Sudanese Ministry of Petroleum (MOP). This process included the evaluation of the Company's technical competency as well as its financial capability to complete a major multi-million/billion dollar oil production purchase. This clearance is required from the MOP before Wildcat can undertake any petroleum deal in the country including the purchase of large scale oil production.
Financial backing for the potential purchase of any production in South Sudan is been provided by a number of industry investors, including The Waterford Group.
Mandhir Singh (Chairman) said:
"The Wildcat team has been involved in the South Sudan oil industry since oil was first discovered there. We are happy to have passed the arduous due diligence process and received a top level ranking. Wildcat has been invited by the MOP to visit them in Juba and conduct talks regarding current oil production opportunities in the country.
I visit those too!
I'm absolutely flabbergasted that people are invested here in a shell with no assets and a market cap of £5.2 million!!!
You say you're invested, so presumably you think that valuation is justified?
I'd like to see your calculations......
The bigger question remains why un invested individuals remain on the board with constant negative tripe who clearly have an agenda?
Surely better off on a board and an Investment that you do like ?
Well of you deduct the two 5 million rollovers, you're left with some small retail trades, and a few scraps.
Quite why anyone is buying this shell at the current valuation is beyond belief, what has ever been delivered here?
Very nice volume today. Almost calls for a linkedin post of a picture of the share price on a laptop screen using a nokia 7210!
Where have all the rampers gone?
Sorry mate but you are being led by the nose here-it’s a Standard List shell company with a few quid in it.Trust me.
I know MoU's arent worth the paper they are printed on but i'd rather see the chairman parading that rather than a picture of a cartoon cat. Fix up!
Bitter truth still here with his very bitter closed mind -
It matters not to you because whatever they do as far as you’re concerned it’s negative !
Could be Streatham, could be Sudan-it matters not a jot.Half term next week so a visit to Blackpool next ?
Sorry that should have said
"If you rely on Zak Mir for your research, I wish you the best of British".
You do realise Zak is a paid PR man don't you?
Well if you reply on Zak Mir for your "research", I wish you the best of British, because you're going to need it!
Please tell me you don't !!!
Https://x.com/ZaksTradersCafe/status/1789617363635057036?t=AfS2VnbMIFYcNtASovbAfQ&s=08
I had mentioned Savannah Energy in a post a few weeks back
Looks like a nine iron into the long grass to me-gives him 4 years to get out his world map and put the pin in somewhere else.
What a joke of a company this is-the new Standard List rules will kill it
Two things are certain with this man. MoU's that lead nowhere and spelling/detail mistakes that require ammendment RNS's.
So back to where they were, this time in the south of the country.
Market reaction on cool, I guess people want a signed deal before they get excited again this time.
Ffool me once, shame on you, fool me twice? Type of scenario
The market cap is way too high for a shell, so who can blame them?
7 May 2024
WILDCAT Petroleum Plc
("Wildcat" or the "Company")
Re: Update from recent visit by Company to South Sudan
After a recent very successful trip to South Sudan, the Company is happy to announce that it has signed an MOU with the Ministry of Petroleum (MOP) covering the following:
To establish a collaboration agreement to form a Production Sharing Service Agreement (PSSA) between the MOP and WCAT to work together to advance the development and commercial exploitation of the hydrocarbon assets in selected fields in the Republic of South Sudan. A working party made up of members of both WCAT and MOP will be established to select suitable fields for development and agree suitable terms and conditions. (*).
The MOU is valid to 31/5/2024 and recognises the current status of existing Exploration and Production contracts in South Sudan including pre-emption rights. It can be terminated on 30 days' notice by either party.
WARRANTS
Dr Omar has been of great assistance to the Company in helping to secure this deal in South Sudan. His extensive expertise and knowledge have been a great assistance to the Company. As a result the Company has decided to compensate him with the awarding of 20 million warrants with a strike price of 0.20p and an expiry date of 31st Dec 2024.
Chairman, Mandhir Singh "It was very disappointing that the Company was unable to secure the Bamboo field in Sudan (North), however the Company hopes to make up for this disappointment by concentrating on South Sudan.
(*) The market will be informed when the working party has been set-up.
Enquiries:
Wildcat Petroleum plc: Mandhir Singh msingh@wildcatpetroleum.co.uk
Guild Financial Advisory: Ross Andrews ross.andrews@guildfin.co.uk
Good to see a positive outcome to the recent visit to South Sudan.
Many matching trades suggest stock movements rather than buys and sells.
The 2 x 3 million trades yesterday were a buy rollover.
Interesting increase in volume!
Becasue I'm fascinated at why people are investing here (I use the word loosely) when there are no assets and a market cap of £4.7 million.
What value do you see in this company for such a valuation?
"Quite why people are holding onto their shares in this shell of a company at a market cap of £4.7 million is beyond me. "
So why are you even on this board - its beyond me too
Easy to agree with those sentiments, was there ever a confirmation from the governement of Sudan that Wildcat were engaged with them discussing oil fields?
I wonder how much a box room in Juba costs to rent per month?
Quite why people are holding onto their shares in this shell of a company at a market cap of £4.7 million is beyond me.
How much longer can this farce continue?