STATEMENT - Wednesday, November 1, 202310 Jan 2024 09:41
This deal should lead directly to wildcat becoming a producing/profitable oil company in 2024.
First oil production could be achieved as early as the first quarter of 2024.
As a clear signal of faith that the company is back on track the chairman purchased 26.3 million shares in the company
https://www.petroleumafrica.com/wildcat-petroleum-operational-update/
FUNDRAISE
The Company raised £450,000 (gross) under difficult market conditions.
Funds raised are sufficient to see the Company through the next 12 months(+), as well as covering the cost of signing the oil developmental deal.
The placing was heavily oversubscribed (large demand) and investors had to be scaled back.
BAMBOO OILFIELD
One of the major producing oil field in Sudan.
Contains 506 MILLION BARRELS (STOIIP).
The field is to be renamed the WILDCAT FIELD.
Earmarked by Sudanese Ministry of Energy & Oil for development by Wildcat.
OFFICE
Temporary Representative office has been opened in the South Sudanese capital, Juba.
Provides alternative access to the Bamboo oil field through South Sudan.
Tick tock, tick tock Mr. Chairman !! :-)))))))