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@wcat_plc
The stock is showing bullish divergence and is attempting to break neckline resistance #WCAT The initial target is 0.18p, followed by 0.24p, which aligns with the old support area and the 50-day line, potentially by the end of the next month
@ZaksTradersCafe
The bullish scenario holds as long as the stock stays above the recent support at 0.12p.
Mr singh has tweeted
Good news. Dr Omar will be available to answer shareholder's questions about the Sudanese oil assets at the AGM on 22nd Dec. (Director General, Dr Omar and Sudanese oil minister).
Dr Omar will answer questions about the Sudanese oil sector and in particular the Bamboo field. No deal has yet been signed and photo with Director General and oil minister was taken in October.
Part 2
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.
AUDITED YEAR END ACCOUNTS (JULY 1 2022 TO JUNE 30 2023)
These were announced to the Market on 25/10/23 (prior to the 31/10/23 deadline) - and can be found on our website www.wildcatpetroleum.co.uk
AGM
We will announce our AGM plans in the next 2 weeks - date and location to be confirmed.
Mandhir Singh, Chairman
Wildcat Petroleum plc
1 Nov 2023
Nothing has changed this is from November Rns
part 1
1 Nov 2023 07:00
RNS Number : 9402R
Wildcat Petroleum PLC
01 November 2023
WILDCAT PETROLEUM - CAT FLAP NEWSLETTER (July - October 2023)
(from the Chairman)
1st Nov 2023
· THE COMPANY IS FULLY BACK ON TRACK.
· AS PREVIOUSLY ANNOUNCED, WILDCAT PLANS TO SIGN A SPECIFIC OIL DEVELOPMENTAL DEAL WITH THE SUDANESE GOVERNMENT, BEFORE THE END OF THE YEAR.
· THIS DEAL SHOULD LEAD DIRECTLY TO WILDCAT BECOMING A PRODUCING/PROFITABLE OIL COMPANY IN 2024.
· FIRST OIL PRODUCTION COULD BE ACHIVED AS EARLY AS THE FIRST QUARTER OF 2024.
· AS A CLEAR SIGNAL OF FAITH THAT THE COMPAY IS BACK ON TRACK THE CHAIRMAN PURCHASED 26.3 MILLION SHARES IN THE COMPANY.
HIGHLIGHTS (July-Oct 2023)
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.
Had the same issue last year and they found a new auditor, will find a new auditor again not a problem.
29 Nov 2022 07:42
RNS Number : 8495H
Wildcat Petroleum PLC
29 November 2022
28 November 2022
Wildcat Petroleum Plc
("Wildcat", "WCAT" or the "Company")
Change of Auditor
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 Shipleys LLP ("Shipleys"), as auditor to the Company. The appointment of Shipleys will be subject to approval by shareholders at the next Annual General Meeting of the Company.
Shipleys is a top 50 practice of Chartered Accountants, Registered Auditors and Professional Business Advisors, with offices in London and Godalming (Surrey). The company employs over 130 principals and staff, helping a variety of individual and corporate clients.
The appointment of Shipleys follows the resignation of Jeffreys Henry LLP as auditors to the Company. Section 519 of the Companies Act 2006 (the "Act") requires Jeffreys Henry LLP to send a statement of the reasons for ceasing to hold office. They have stated that in accordance with Section 519 of the Act, they are ceasing to hold office due to the following reason:
· Jeffreys Henry LLP have resigned as auditor on the grounds that the firm has taken the decision not to register as an auditor eligible to undertake Public Interest Entity audits.
There are no circumstances connected with Jeffreys Henry LLP ceasing to hold office as auditor which they consider should be brought to the attention of the company's members or creditors.
Share price movement
zaks says could retest 0.32p
Https://twitter.com/hashtag/BulletinBoardHeroes?src=hashtag_click
Https://twitter.com/hashtag/BulletinBoardHeroes?src=hashtag_click
Zaks Trader Cafe mention
Market Summary >
@wcat_plc
LON #WCAT
0.20 GBX+0.036 (22.50%)⤴️today
11 Dec, 10:37 GMT • Disclaimer
Those who are not distracted by the Christmas party season will be looking forward to December 15, and the apparent denouement in terms of the AIM admission document as far as the Petronas acquisition by #SAVE. We are waiting on news of the deal and a restoration of its AIM listing. Given the pace companies are leaving AIM, as many as possible are required to be back on. How this pans out will also be relevant to followers of next-door company #WCAT, where a similar waiting game should be resolved soon, albeit from a much smaller market cap company.
@ZaksTradersCafe
Maybe a ceasefire coming from this article.
https://sudantribune.com/article280220/
Its this interview he mentions the 20,000 bopd
Wildcat Petroleum Plc (LON:WCAT) has made an update on its plans in the Republic of Sudan.
Due to the current political situation in Sudan the Company is unable at the present time to sign a Production Sharing Agreement (PSA) with the Sudanese government (OEPA).
The Company therefore intends to sign a service agreement with the Sudanese government within the next few weeks with a view to increasing oil production on the Bamboo oil field.
The Bamboo oil field which contains 506 million barrels (STOIIP) is to be renamed the WILDCAT oil field on signing the service agreement.
Currently production at the field is around 4,000 barrels of oil per day (bopd) down from a peak of 20,000 bopd. Through the implementation of Enhanced Oil Recovery techniques (chemical & thermal) as well as repairing and up-grading surface facilities, Wildcat will be targeting an initial increase in production within a year, with the ultimate target of around 10,000 bopd (+) within 3-5 years.
Wildcat Petroleum, after evaluation the field data will submit a short-term (6-12 month) work program to the OEPA for approval. The evaluation process should take 1-2 months and the approval 1 month. When the political situation allows the Company still intends to negotiate a PSA (20-25 years). The field already contains all the surface facilities required to process increased oil production, including access to an export pipeline (Red Sea).
CHAIRMAN’S STATEMENT:
This arrangement demonstrates the good relation that Wildcat has with the OEPA and is a practicable solution given the current political situation in Sudan. The Company is aiming for the first quarter of 2024 for the achievement of the first net oil to Wildcat from increased production at the Bamboo Oil Field.
This last interview is worth watching.
https://1lo.co/bz2XM
If you check you will find the oil fields we are after are right at the bottom close to the border of south sudan ,most of the fighting that is happening is in the capital city, the misistry of oil has moved their office to port of sudan.
we can access the fields from south sudan where flights are still going once the deal is signed.
https://1lo.co/8RtVH