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Yes not sure - surprised it never turned up - perhaps they just wanted it higher that day to off load some shares they bought at a higher price - surprised at how quiet this has got in the trade front - can’t be long now before the signature occurs - half price January sale …… haha
The way I see this as the company has been working for at least 18 months with Sudanese authorities to get a deal - having been over there a number of times -
The deal was supposed to be agreed in April 23 before the civil war kick off - ( share price was steady at 1.3pfor most of Q1 last year ) -
We appear to be in final stages of the agreement being signed off but minister or whatever authority-
Whilst the chairman can give indicative time frames even he doesn’t know when things will be signed off -
I assume his time frames are based on the multiple conversations he/they must of had with the ministry -
So we have multiple financial partners waiting in the wings
We have a plan with the ministry
We have an oil in field that is currently producing
Last fundraise was enough to get the company into production-
Despite what all the naysayers bang on about this is still nowhere near 1.2/3p and way off the all time highs
Whilst a peace agreement would be good for Sudan and its people - we know it doesn’t need to happen for our deal to be signed
Things could change here very very quickly - and would rather be in and waiting than out trying to trade - but that’s just me
All the best 2024 could be some year for WCAT if it all comes together-
RNS Number : 4403B
Wildcat Petroleum PLC
03 October 2022
3rd October 2022
WILDCAT PETROLEUM PLC
("Wildcat", "WCAT" or the "Company")
OIL FUND INVESTMENT INTO WILDCAT
APPOINTMENT OF STRATEGIC ADVISOR TO THE BOARD.
Wildcat Petroleum Plc (the "Company" or "Wildcat") (LSE: WCAT), is pleased to announce backing from natural resources specialist investor, Waterford Finance and investment Ltd ("Waterford"). The owner of Waterford, Mikhail Kroupeev will join WCAT as a strategic adviser to its Board of Directors and Waterford will also take a nominal equity stake in Wildcat*.
The Waterford Group ("Waterford") was established in 1995 as an investment vehicle for Mr Michael Kroupeev.
Waterford invests mainly in up-stream petroleum projects and since its inception, the fund has invested in over a dozen such projects, both public and private. In London, the company has invested in listed petroleum companies including Emerald Energy, Dana Petroleum, Anglo-Siberian, EuroSov Petroleum, Gulfsands Petroleum, Sterling Energy, Petroceltic and Sibir Energy.
Wildcat will be able to draw upon Mr Kroupeev's extensive experience of managing listed oil companies as well as raising finance and negotiating significant petroleum sector deals. Wildcat will seek to leverage the extensive financial and petroleum network Mr Kroupeev has built up over the last 30 years, working with major investors, funds and major oil companies.
Mandhir Singh, Chairman of Wildcat, commented: "The management of Wildcat is delighted to secure the backing of such a successful and experienced partner.
The support provided by Waterford and Mr Kroupeev and their extensive networks will help to accelerate the process of Wildcat becoming a profitable, producing oil company with a high impact exploration division.
This relationship will also allow Wildcat to tackle significant oil projects.
With oil energy prices at historical levels WCAT remains laser focused on securing a stake in a significant African oil producing asset, ASAP.
MIKHAIL KROUPEEV, Founder and owner of Waterford, commented "We believe that Wildcat Petroleum are part of what will likely be the next generation of successful oil Industry players, focused particularly on the opportunity in Africa.
Waterford is glad to be aboard near the beginning of the journey during which Wildcat has the potential to turn itself into a major force in the African up-stream Petroleum sector. We will provide Wildcat with all the support it requires directly and through our network so that it can achieve its ambitious strategic objectives.
The management of the company are highly innovative and motivated which fits with our own attitude and investment approach.
The can-do attitude of the company as well as its high ambition gives us confidence that Wildcat has the potential to become the next successful African mid-tier oil company.
26 Jun 2023 07:00
RNS Number : 8155D
Wildcat Petroleum PLC
26 June 2023
26 June 2023
Wildcat Petroleum Plc
("Wildcat" or the "Company")
MOU SIGNED REGARDING FUNDING
Wildcat has entered into a Memorandum of Understanding (MOU) with a third party that has expressed an interest to carry out due diligence on deals that Wildcat can source from Sudan. This third party will then decide whether or not to invest directly into a deal up to an amount of US$25 million. The party is also prepared to invest, following due diligence into other petroleum projects in other African countries which have been sourced by Wildcat. The MOU is not legally binding, can be terminated with 30 days notice and the investors are under no obligation to invest and the Company is under no obligation to take their investment.
Mandhir Singh (Chairman) "This MOU is a significant step forward for Wildcat as we aim to complete our first transaction in Sudan. Now that we have a party that is interested in the same geographies, we are focused on closing a deal as soon as possible. Last October the company signed an MOU with the Sudanese over 4 producing oil Blocks (*) and efforts will be concentrated in signing a Production Sharing Agreement (PSA) over at least one of them. If the on-going political situation prevents travel to Khartoum then the Company will endeavour to negotiate a deal remotely."
OIL BLOCKS
RNS 0719D, released on the 17th October 2022 stated that this MOU was for an initial period and would expire on 31 December 2022. The Company and Sudanese government saw no need to extend the MOU and both parties have continued discussions. The 4 Blocks are currently producing and together contain over 1 billion barrels of oil (reserves & resources). They are already connected to petroleum transport infrastructure and other facilities and there is spare capacity to handle and transport significantly increased oil production from these 26 Jun 2023 07:00
RNS Number : 8155D
Wildcat Petroleum PLC
26 June 2023
26 June 2023
Wildcat Petroleum Plc
("Wildcat" or the "Company")
MOU SIGNED REGARDING FUNDING
Wildcat has entered into a Memorandum of Understanding (MOU) with a third party that has expressed an interest to carry out due diligence on deals that Wildcat can source from Sudan. This third party will then decide whether or not to invest directly into a deal up to an amount of US$25 million. The party is also prepared to invest, following due diligence into other petroleum projects in other African countries which have been sourced by Wildcat. The MOU is not legally binding, can be terminated with 30 days notice and the investors are under no obligation to invest and the Company is under no obligation to take their investment.
Mandhir Singh (Chairman) "This MOU is a significant step forward for Wildcat as we aim to complete our first transaction in Sudan. Now that we have a party that is interested in the same geographies
Remember he’s not bitter though - obviously missing a 4000 % move in something wouldn’t make you bitter think how many capes he could have bought with all that profit
Bitter truth please tell me how you would have lost a lot when it went up 4000 % from ipo initially - even you could have booked some kind of profit ?
Probably 200-300 % knowing you cautious nature but even that is pretty good !!
Stop being so bitter -
So if you sell today at .27 and they announce the deal on Monday/tuesday - do you think you’ll be able to buy back easily - I don’t think so !
Not only that you could be paying .5 .6 .7 who knows …… I make CDF completely right
Why are you here truth factory you were saying the same at .15 it’s since more than double that and even treble that last week you’re just here to annoy people and spread fear ……… the irony being you wouldn’t know the truth if it jumped up and bit you on the butt
MM’s doing the usual - drop it scare as many into selling as possible- exactly what they did yesterday-
Still haven’t printed yesterdays delayed BUY from 8:10
Don’t fall for the tricks is what I say -
Could happen literally any minute - we know it’s with the minister and they offered the field to us - so as stated already it’s more when than if - pretty plain to see that - I personally would rather be in an waiting than trying to guess on timing a trade -