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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.
There may be nothing in it - but interesting how Savannah are still trying to get clearance in South Sudan to do a deal and yet wcat already have the clearance in place
Way Way Overpriced …..IMO
What a load of BS-and no commentary on the dwindling shelf life of the Standard List shell.That’s right guys-it’s a shell.
Mr Chairman, aren't we due a Catflap? Been around 4 months since application was submitted, surely there must be some feedback?
Be careful all-Standard List shells like this are being subject to regulatory change later this year to make them genuine full listed companies.
It’s likely that companies like this will move to the less onerous Aim market but still much more onerous capital wise than Standard list
In summary, they need to do a deal or this could fall into a vaccum.Someone should ask the CEO to comment
Not Good Imo ……
Appalling report on Sudan on R4 this morning.Largely forgotten about in the maelstrom of other news but the biggest humanitarian crisis in history is unfolding
Well it looks like the herd has moved as Boris would say.
If and it’s a big if, he pulls off a deal , then it may be worth a punt but as things stand just now, it’s all hope with very little if any currency
Cannot dispute that right now Truth Factory. Had to cash out over the last few weeks, revenue is being wasted here for the time being with no real movement. Made some profit, will be looking to buy back in providing traction is made but I suspect it is a few months away at least. I still have faith in MS - he just has a lot of factors against him right now. My decision to pull is not driven by the company, I just prefer to have my money making money as much as possible.
A useful summary of….nothing !
Market cap c£6m, asset value negligible
You heard it first here!
I’ve followed this company before it listed-may have something but nothing has happened in the last 4/5 years.If he lands something I will look to invest but market cap is £7m against neg NAV-all hope
Reality is that it comes down to two things, 1) you hold hope in MA and whatbhe says he is doing 2) you think his words are BS and has hyped a cash shell.
I am in the camp for 1), still holding belief that this war has thrown things off, war does, it makes things tough but honestly, cannot shame you for thinking 2) truthfactory.
The only thing I'd question is why are you invested and if you are not, how comes you post?
All hype-bucketloads of if but looking from the outside in, nothing has actually happened
Normal business resumes - holding well in mid 20s, RNS build up was hype, RNS lacked what the market needed and no real sign on when a SA will come. Great that there is something being worked on in South Sudan, but right now we need a SA.
Still a hold though, I believe it will come!
..2, around 11am. Fingers crossed for further good news
GLA
H
Easier to get hold of him through social media!!
🤞 it’s the next update we receive.
Snippet from 19th Feb RNS:
“ 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”
Telecoms were restored last week I believe, so hopefully things are back on track and deal completion isn’t too far away.
GLA
Dearest Mandini, i think the market has spoken - ramping RNS's and special edition Catflaps are not having the desired effect, this strategy has now been exhausted. Only a service agreement shall truly move the SP now. Good luck and hope you get the deal across the line.
Lol wow you really are a softy if you think that was aggression 😂 maybe don’t attack / criticise other posters and their investments if you can handle the responses back.
No, I’m lambasting you because you’re completely taking what I’ve said wrong. At no point have I mentioned house deposit. If that was someone else, I have the same view as you. Even with a normal share, investing a house deposit would be a huge risk.
Also, if you’ve invested for what they have today and can’t see any potential, you might as well sell up. “Not sure what research can be done here”….You can’t be serious. Are you even invested? Low on funds? Prove it.
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 Macalvins Ltd ("Macalvins"), as auditor to the Company. The appointment of Macalvins will be subject to approval by shareholders at the next Annual General Meeting of the Company.
Macalvins are Chartered Accountants and Registered Auditors who are part of the Macalvins Group of Companies, with offices in London, India and South Africa employing over 350 principals and staff. They help a variety of individual and corporate clients and are a member of Prime Global (The Association of Advisory and Accounting Firms).
The appointment of Macalvins follows the resignation of previous auditor, Shipleys LLP who advised the Company in December last year that it had decided to withdraw from providing audit services to a Public Interest Entity ("PIE"). Wildcat is classified as a PIE due to its Standard Listing on the London Stock Exchange's Main Market.
Shipleys LLP confirmed then that there were no circumstances connected with their ceasing to hold office which they consider should be brought to the attention of the members or creditors of the company in accordance with Section 519 of the Companies Act 2006.
He’s right though-from Kazakhstan to Sudan, yet SFA has actually happened
Another troll - probably one of bitter truths mates he’ asked to come and be equally pessimistic- best to ignore trolls
Only a concrete agreement like the Service Agreement (SA) with the Sudanese Govt will move the share price significantly. Any other news may produce small upwards spike but the share price will remain at current level.
No news will take us back to all time lows.
We've had talks and Memorandum of Understandings since the company's inception but no concrete contracts.
Lets hope they actually get some concrete results this year!