Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, including the use of blockchain within the sector - Reports pretax loss of GBP459,646 in the 18 months that ended June 30, entirely composed of administrative expenses and share-based payments. Wildcat listed on the London Main Market at the end of December last year. "During 2021 the effects of the Covid-19 virus travel restrictions greatly hampered the company's ability to source a suitable asset" for acquisition, Wildcat says. "However with the vaccine roll-out and subsequent lifting of travel restrictions the directors of the company will be more able to source a suitable asset. The directors collectively have an interest of 70.8% in the company and therefore have a vested interest in ensuring the company's first acquisition is the right one."
Current stock price: 1.66 pence, up 2.2% on Wednesday
Year-to-date change: up from 0.38p on January 5
By Tom Waite; thomaslwaite@alliancenews.com
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Wildcat Petrol. (WCAT)