Member Info for Janiax

Looks like this is going to be a quiet day today.

Maybe we will see increased activity tomorrow before the 2024 plan is released.

I think that Mr Singh is waiting until Friday as he is expecting to have a signed Service Agreement beforehand.

Would be great to have that RNS today or tomorrow before nicely detailed plans on Friday.

Good luck holders and buyers.

I don't think the website is updating the trades very well today.

I'm all for this share doing well but can we try keeping the correct information being shared.

Mr Singh (the chairman) does not have 75% of the shares. He holds 1.7b which was 70% before the placing earlier in 2023, he now has around 61% of the shares.

https://www.wildcatpetroleum.co.uk/investor-relations/

The other thing is that currently it's a Service agreement we are waiting on the signature for. Which should turn into a Production sharing agreement after the unrest in Sudan settles down.

There is a lot of opportunity here, and over the last few trading sessions it looks like the market is starting to believe that the Service agreement will definitely be signed with news expected soon to confirm this.

I really hope this happens this week and we see a stable base form for when the situation in country improves.

With 61% of the company, the only way Mr Singh will get a return is to do what he says and make this company profitable and paying dividends.

I believe we will have a great year, but please don't quote 75% when this is not true.

Good luck holders and buyers.

Barnet, go and do some

There is no need for funds currently .

When the agreement is signed they have investors lined up without having a placing.

The Chairman owns 60%, and won't want to be diluted down.

He will only get a payday if this starts making a profit and paying dividends.

All this rides on the SA with Sudan, so will be great when that's announced.

That was me F1.

I'm shocked we have hit 0.5 so early but feel it's looking like a buy on rumour and sell on news.. really hope note though.

I'm expecting a little retrace due to traders today, due to traders. Just hope it closes above 0.43 now.

Starting to feel this will really rocket when the service agreement comes in. Then when the conflict ends and the agreement changes to a Production sharing one, this could get very interesting.

Good luck holders and buyers.

Tomorrow's going to open strong and continue until the half day close imo.

This might actually hit 0.5 before the Service agreement is signed...

Still hoping for that RNS next week to see a good solid rise.

Seems the feeling from the AGM is strong and the market expects positive news very soon.

Has anyone seen a write up from someone who attended the AGM?

Art I think you should close the door and go away. You are obviously a trader who was hoping for a big gain in a short time. This was your post yesterday:

ART123

Posted in: WCAT

Posts: 9,097

Price: 0.26

No Opinion

RE: Moving fast20 Dec 2023 10:42

0.27p paid. This was 0.5p/0.6p in September. No reason it can't be back there in the next couple of days - and more if the deal is announced.

And you've flipped your mind overnight when an RNS didn't land.

The deal will be signed, I hope you're out when it is.

Good luck genuine holders.

CJM, I don't have a link but found it by searching easily enough.

Post this in the Telegram group and sharing here as well.

My takeaways from the interview are:

• Government invited Wildcat to get involved with the Bamboo field in the autumn.

• Proposal submitted in September, and expected response in a 3-4month time period.

• Minister is 100% on board

• This service agreement would be extended to a Production Sharing Agreement when the political situation improves.

• Will be making money straight off the bat 😁

• Funding doesn't sound like it would be from equity, as would be repaid in a different arrangement.

• World class assets

• Once the deal is signed, no issues to get it funded. (Once, not if)

• This time next year, making a lot of money, paying dividends, got no debt, owners of Billions of barrels of oil.

• Got the backing financially and the government is 100% behind us

I think he is sounding very confident, and expect this to do well.

I think people are going to sell and trade short term, and starting to think the sign off won't be until January.

But it could come anytime even midday, and when it does this will rocket up quickly.

Good luck holders and buyers

Looks like a lot of traders brought in yesterday expecting an RNS but haven't actually done any research.

The RNS will come in when it's ready.

No RNS means the proposal is still with the minister.

It may not be signed this year, although it was originally hoped to be. These things take time.

The Signed deal could land at any time and those selling now will likely be caught off guard when it lands.

Good luck all holders and buyers

Not going to advise on that amount.

But if you do try to, good luck. I think you'll struggle to get that amount of shares available atm.

You'd probably end up pushing this to 0.35 just trying

I'm not offloading at 0.5, but I'm happy to wait a bit longer for stability.

Remember this is a service agreement, with a production sharing agreement to follow probably when the civil war has eased.

This is not a field owned by Wildcat where they own all the oil in it like some other exploration companies (if they ever find reserves).

Don't get me wrong, I would love to see an amazing ride here, but I think we need to be realistic with the actual value to Wildcat rather than just going for high numbers which would be more applicable to fill ownership of the field.

If I have misunderstood and Wildcat have ownership do point me in the direction of that information.

Good luck holders and buyers

F1 although I would love to see 2-3p that would be a Mcap of £56m to £84m, which is pretty high at just the signed Service agreement stage.

I think 0.5p-1p is more realistic until production gets underway and we see how many barrels a day are being produced.

2-3p by mid 2024 would be my hope.

As Mandhir said he wants to be profitable in 2024 and I think he also mentioned hoping to get to paying dividends as soon as they can.

Good luck holders and buyers.

Something is definitely brewing now.

The anticipation of the agreement being signed soon is clear.

Would be great to finish the day at 0.3p or higher and follow with another rise tomorrow.

As soon as the signed agreement is completed this should be over 0.5 or even higher straight away.

Good luck holders and Buyers

Does anyone have a direct link to where this will be streamed (if it is streamed)?

I couldn't see any upcoming live items on their YouTube.

Or any idea what time the interview will be on?

DS22, it was along those lines, the exact wording was

Crypto and Blockchain - For clarity the FCA has not been advising the Company as to what he can say about its crypto/blockchain plans. The current position is that no blockchain activities and token offerings will take place before the Company has implemented its investment strategy to acquire an upstream oil and gas asset and it has published a prospectus in line with its Listing Rule obligations. The Company emphasis that the launch of tokens will depend on the regulatory environments at the time, as well as obtaining approval from appropriate regulatory authorities.

So it does seem that if they are giving more info on it they must be close to a sighed agreement.

Good luck Holders and buyers

Yeah, good to see a couple of chunky bits, but then there's a UT trade after hours to bring the closing price lower...

I thought this was on the main market, but the games being played by the MMs makes it feel like an Aim share 😂

If this got to a Mcap of £100m that would be 3.57p a share.

That's nearly a 2000% rise from the current bid.

I'd absolutely love for that to happen but it's a long long way off.

First thing is we need a signature and a re-rate to hopefully near 1p.

Good luck holders and buyers.

Luqs,

Have you got any more details on this?

It would be great if the deal is agreed, but I feel that as soon as a signature is received it will be announced to the market via an RNS pretty quickly.

I'm really hoping it will be done for this week, but know these things can take a while, so will be interesting to hear what's said at the AGM if it's not signed by then.