Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
There seems to be lots going on in the background all with the anticipation of funding being available to pay for it all. I wonder what’s taking them so long to get it finalised- feels like this has been going on forever
SOUTH SUDAN
During the last quarter the Company passed a due diligence process conducted by the South Sudanese Ministry of Petroleum (MOP). The Company has been invited by the South Sudanese Ministry of Petroleum to visit them in Juba in order to discuss current oil production opportunities in the country. The Company is planning to arrange a meeting in mid-April once Ramadan is over.
We look forward to further developments.
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.
Far too many muppets about ; unfortunately the recent fall looks completely unnecessary and we are in the same boat as we were a month ago when we were 33/4p - except we are now closer to the funding being finalised I may have to have a scratch around the sofa ….. I need to take advantage of this silly price
What has Zak Mir got to do with the success or failure of Pensana ? I really don’t understand why some of you bother posting at all ?
I made a lot of money on all of these stocks except Boom and Pre where I have averaged down and have no doubt will make a lot of money again from these - unfortunately you can’t tell what my averages are or when I bought and sold - so I will just repeat you haven’t got a clue ….
Tony your boring and comparing apples with oranges : there is no getting around the fact that when funding finally gets wrapped up - which can’t be too far away based on todays further positive update irrelevant of what the wider market is doing - these are undervalued base on any reasonable valuation grounds
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.
The main oil production in both countries comes from the Muglad Basin (e.g the Heglig field in the North and the Unity field in the South) and the Melut Basin (the largest field being the Great Palogue Field in South Sudan). The Oil and Gas Journal (OGJ) in their 2023 summary of oil and gas reserves, estimates for the two countries combined, proven reserves of 5 billion barrels and a combined production of 220,000 barrels a day. Both Basins are connected by oil pipelines to Port Sudan on the Red Sea.