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This just clarifies that the savannah thing had no effect on our Sudan Bamboo target.
Now we are looking to work in South Sudan as well.
This could be to try and get what Savannah didn't manage to do
It’s not, the Chairman already clarified that. Here’s the tweet in case you missed it:
https://x.com/wcat_plc/status/1753036085444169890?s=46&t=dBEUr060C2V_rrjFRsmkxA
“Shareholder inquiry. Failure of Savannah Energy to close oil deal in South Sudan has no bearing on #wcat deal in Sudan (north). Bamboo field work program submitted. Awaiting reply from oil minister.”
I can only think of Savanna Energy who are in South Sudan and have been get a deal done, I wonder if its anything to do with that!
Anywhere that the company can start making revenue is attractive atm.
This news seems good and opens more options.
Also got a newsletter to come later today.
Just need a bit more attention from the market now to see a solid bag or two
Will be a few pence once finalised ceo still owns over 60% step in the right direction
Trap set by mms just look at offer
They seem to be covering themselves in the event that the Sudan deal fails to materialise. From the 5th January newsletter:
"Although the Company is fully committed to establishing profitable Sudanese oil production in 2024, it will however pursue any attractive opportunities that present themselves in neighbouring countries such as Chad, South Sudan, Niger, Ethiopia, Eritrea and Libya."
The problem is that alternative deals in other jurisdictions might not necessarily be as attractive.
On step closer but also feels like I'm stuck in the mud. Either way, good RNS, need that SA though. Apparently newsletter to follow today (on X account).
Yup-looks like a long punt into the long grass
Very positive,
But this MOP approval is for South Sudan. Not the Sudan SA we are waiting for.
A note on the situation in The Republic of Sudan (Bamboo field)
As previously disclosed, the Republic of Sudan's oil ministry has offered the Bamboo Field to Wildcat for development under a service agreement which would later convert to a Production Service Agreement. Wildcat has submitted a work program and is awaiting approval from the minister. Disruption to the Sudanese telecom infrastructure has hindered the completion of the deal.
Strange They Didn’t Mention This Process…..When They We’re Hyping A Deal Before Xmas …
Well that’s a very positive step. well done MS.
It's possible! Stranger things have happened this year, Man United have won 4 in a row!
Confirmation the minister has signed?
Or are you just spoofing?
Very good TF. A little harsh. The Young Ones were more my vintage. Classic Rik Mayall.
Extract from Bottom in 1991 by the late great Rik Mayall-a true metaphor for the Sudanese pipedream
Richie : "Pheromone sex scent. Women cannot resist this powerful love smell, scientifically distilled from mystical African orchids." Wow! Oh look, it's medically proven. "This stuff attracts women like you would not believe!" - Karachi Medical Gazette. "Available at all good sex shops." This is it, Eddie. Girl City, here we come! What do you think, old chum?
[Eddie vomits on his shoulder and the frying pan full of oil ignites]
Just out of interest why the Karachi Gazette?
Another story from the Karachi Gazette
Sorry, I mean Monday ******
Major announcement tomorrow, start loading up people. I’v got my buy order in.
Agreed. That would be a disappointment otherwise.
I agree can’t just be new auditors -
For it to be a special catflap, it has to be more than new auditors.
Agreed. Hopefully not just confirmation of a new auditor to the Company!
Looks like those that sold out last week - may wish they hadn’t ……. Hopefully it’s something of significance- special edition does sounding enticing….. let’s hope it is special