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Interesting increase in buying
Well it looks like gravity is taking hold
Plenty of time to invest
That’s 4 times in 4 trading sessions you’ve said the same thing - yawn yawn yawn
It’s a £6m market cap with no assets-that’s all I’m saying
This would be very welcome - not least for the Sudanese people 🙏
Https://x.com/wcat_plc/status/1753451070032883942?s=46&t=dBEUr060C2V_rrjFRsmkxA
“Hopefully this will mark the beginning of the end of the conflict. #wcat
https://www.ictj.org/latest-news/sudanese-warring-parties-hold-first-high-level-talks-bahrain”
RATR,
"Aiminvestor, that wasn’t aimed at you. It was in response to Turthfactory."
Ok thanks for clarifying.
It’s certainly looking a lot more positive. A few weeks ago, it was looking highly unlikely that the two sides would meet, so the fact they’ve met a few times is reassuring.
Cjm83 - the Chairman has mentioned that Wildcat will be signing a Service Agreement initially, which will be converted to a PSC once the war has settled.
https://www.lse.co.uk/rns/WCAT/wildcat-petroleum-newsletter-january-5-2024-svg82p8c5cu000a.html
“In the autumn of 2023, the Company received an indication from the Sudanese Oil Ministry that they would be prepared to sign a Service Agreement with the Company with a view to increasing oil production on the Bamboo oil field. Once the political situation has settled down the Company is hopeful of converting this Service Agreement into a Production Sharing Agreement.”
*** peace
This is great news; I am sure both Generals want a swift peach deal, but they also want to ‘save face’, which is why one general is not backing down first. I am sure a peach deal will be done within weeks because there are soo many other countries involved demanding it and the generals don’t want Sudan to be put under sanctions.
In terms of the Red Sea, the houties are unlikely to attack a Sudanese oil ship, they are mostly attacking American and European ships.
This is positive news. Or the right direction. Yes we are expecting the agreement to be signed, and yes Wildcat has to be optimistic. But realistically i would think no peace deal delays the signatures. The 2-3 months could be after peace.
Again i know Wildcat are saying this are normal but that is artistic licence to keep everything status quo.
So Patience is the key here. You are in this for a reason if you are panicking already then that means you are over exposed in Wildcat. Nothing is certain but also nothing is built over night.
Https://www.reuters.com/world/africa/sudanese-warring-parties-hold-first-high-level-talks-bahrain-2024-01-31/
Jan 30 (Reuters) - Senior leaders from Sudan's army and the paramilitary Rapid Support Forces (RSF) met three times this month in Bahrain, sources with knowledge of the talks said, the first such contact between the two warring sides in nine months of conflict.
Unlike previous talks on war in Sudan, the meetings in Manama were attended by influential deputies from both forces and by officials from the Egypt and the United Arab Emirates, key supporters of the army and RSF respectively, according to the four sources, two of whom were present at the talks.
The unannounced talks, which the sources said were also attended by the United States and Saudi Arabia, come after repeated attempts by both powers as well as East African nations to broker a ceasefire and a political deal to end the war made little headway.
The war in Sudan erupted last April over disputes about the powers of the army and the RSF under an internationally-backed plan for a political transition towards civilian rule and elections.
The army and the RSF had shared power with civilians after the fall of former leader Omar al-Bashir in a popular uprising in 2019, before staging a coup two years later.
The fighting has wrecked parts of Sudan including the capital Khartoum, killed more than 13,000 people according to U.N. estimates, drawn warnings of famine, and created an internal displacement crisis.
Talks held last year in the Saudi city of Jeddah featured lower-level officials and neither side maintained its commitments.
By contrast, in Manama the army was represented by hardliner General Shamseldin Kabbashi and the RSF by General Abdelrahim Dagalo, a brother of RSF commander Mohamed Hamdan Dagalo, the sources said.
According to one participant, the two sides had tentatively agreed on a declaration of principles including maintaining the unity of Sudan and its military.
More talks to discuss a ceasefire were planned, but a follow-up meeting last week was postponed, the source added.
Not bitter, yet you’re here commenting on a daily basis 🤦♂️
“I can’t believe some of you have fallen for this one” - what are you suggesting?
I’m not bitter/I can’t believe some of you have fallen for this one.Read the RNSs again with an objective mind
Go away will you - like a broken record - you’ve said the same thing in 3 different ways over past 3 days
We no your bitter we know your not invested - we know what you say is pointless -
I agree-it’s like a new wave of lemmings happy to walk into the trap.
£6m market cap and NO assets
And my god, if anyone makes investment decisions based on Tom Winnifrith’s articles / “research”, they deserve to lose money.
Aiminvestor, that wasn’t aimed at you. It was in response to Turthfactory.
My only response directed at you was this (which isn’t patronising at all):
“Nothing material has changed so no need to update via RNS.
The service contract has been offered. Just a waiting game for the work program to be approved, which the Chairman has confirmed the market will be notified via RNS.”
You can clearly see by what people comment whether they’ve done much research or not.
And no I don’t invest based on what’s shared on social media. As I’ve mentioned on here before, all the details are in the RNS’s.
Quite a patronising post there, and you know nothing about what other people have researched or not.
I prefer to use offical company announcements for my research, rather than social media interviews, which are mainly paid for puff pieces, and never challenging to the company that paid for the interview, because they wouldn't pay for something negative.
So if you do your "research" by listening to Vox Markets, Total Media Solutions, Tom Winnifrith, Zak Mir, Align Et al, good luck to you, because you may well need it!!!
This is currently a cash shell with a market cap of £5 million and you see it as low risk?
Tell that to people in a city pub and then see who's laughing!!
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.
https://twitter.com/wcat_plc/status/1753036085444169890
Looks like news anyday now
It’s like they’ve been under a rock last few months. Clearly done no research or paid any attention to any of the interviews / RNS’s.
We know who will be laughing when the news is released and they struggle to buy in at a premium. Far more risky than investing close to the bottom. Each to their own.
Baring in mind the assets is currently producing already - the only thing I’m laughing at is the fact you’re not invested ……. Now that’s funny .
That leaves 8 weeks-I can’t stop laughing
Exactly, and we’ve seen how quick this rises, even on rumours.
I would rather be in and waiting than trying to buy in on the rush ……..
CHAIRMAN'S STATEMENT:
This arrangement demonstrates the good relation that Wildcat has with the OEPA and is a practicable solution given the current political situation in Sudan. The Company is aiming for the first quarter of 2024 for the achievement of the first net oil to Wildcat from increased production at the Bamboo Oil Field.