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🤞 it’s the next update we receive.
Snippet from 19th Feb RNS:
“ A note on the situation in The Republic of Sudan (Bamboo field)
As previously disclosed, the Republic of Sudan's oil ministry has offered the Bamboo Field to Wildcat for development under a service agreement which would later convert to a Production Service Agreement. Wildcat has submitted a work program and is awaiting approval from the minister. Disruption to the Sudanese telecom infrastructure has hindered the completion of the deal”
Telecoms were restored last week I believe, so hopefully things are back on track and deal completion isn’t too far away.
GLA
Lol wow you really are a softy if you think that was aggression 😂 maybe don’t attack / criticise other posters and their investments if you can handle the responses back.
No, I’m lambasting you because you’re completely taking what I’ve said wrong. At no point have I mentioned house deposit. If that was someone else, I have the same view as you. Even with a normal share, investing a house deposit would be a huge risk.
Also, if you’ve invested for what they have today and can’t see any potential, you might as well sell up. “Not sure what research can be done here”….You can’t be serious. Are you even invested? Low on funds? Prove it.
Https://oilreviewafrica.com/exploration/wildcat-petroleum-passes-south-sudanese-ministry-of-petroleum-approval-process
The process included the evaluation of the company's technical competency as well as its financial capability to complete a major 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.
A number of investors, including The Waterford Group, have provided financial backing for the potential purchase of any production in South Sudan.
Mandhir Singh, chairman of Wildcat said, 'The Wildcat team has been involved in the South Sudan oil industry since oil was first discovered there. We are happy to have passed the arduous due diligence process and received a top level ranking. Wildcat has been invited by the MOP to visit them in Juba and conduct talks regarding current oil production opportunities in the country.'
——————
This is very positive news.
You said “your house deposit”, which could suggest all. Maybe you need to think about how you word things in future. Either way, if you read my comment correctly in the first place, you wouldn’t have directed such a stupid comment at me.
Maybe worry about your own investments instead of worrying about others. I’m perfectly capable of doing my research and making my own investment decisions.
Thanks for your concern though.
Yep, and they completely misread my comment.
Readings hard.
Where did I say I put my house deposit in this? Just because I want to withdraw some cash, doesn’t mean I’ve invested all my house funds.
It’s not, the Chairman already clarified that. Here’s the tweet in case you missed it:
https://x.com/wcat_plc/status/1753036085444169890?s=46&t=dBEUr060C2V_rrjFRsmkxA
“Shareholder inquiry. Failure of Savannah Energy to close oil deal in South Sudan has no bearing on #wcat deal in Sudan (north). Bamboo field work program submitted. Awaiting reply from oil minister.”
“The chairman put money in because he had to” …😂😂 course he did. Like all your comments, baseless.
Points I’ve made are facts that have come straight from the chairman. Go ahead and do your research if you need validation. I’ve already wasted more time than I wanted responding to you and I certainly don’t need to validate any of my points to you.
Anyway, you’re not worth any more of my time, so get in the bin with the other trolls.
Don’t bother responding because I won’t see it.
Good luck for whenever you invest… likely at a premium 😉
What great formatting by LSE, changing all the text to lowercase 😒
you’re making comments that suit your narrative. all info is in the rns’s. if you choose to ignore the details in them, that’s up to you.
the chairman has provided countless updates on the points you keep repeating, but you fail to share those. again, because it doesn’t suit your narrative.
people are just waiting for the deal to be signed. until then, you’re going to keep showing up during these sp fluctuations, repeating the same **** each day trying to scare investors into selling or not invest at all.
facts / latest updates are:
- civil war has had no impact on the sa deal
- service contract has been offered to wcat for the bamboo field (just waiting for approval from minister) - this will be upgraded to a psc when the conflict settles
- a firm that does provide auditing services to pie companies has been identified and will be engaged in due course and an announcement made via rns once the relevant paperwork has been completed.
- waterford group still 100% behind its plans for sudan (£50k worth of shares bought at .5p)
- nov rns ~ 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.
- debt free
- sp currently at .25 (war is factored in to the price) - 52wk range is .12 - 1.5 (great upside potential)
- chairman purchased another 26.3m shares in oct (now holds over 60%) as a show of confidence that they’ll get the deal done
you’re not to be trusted. end of.
Lol “sell before the pumpers dump” 😂
First time I’ve seen someone suggest a pump and dump on a share that’s in the lower SP range 🤦♂️
Petro, even for you that is such a 💩 attempt to deramp.
Do better ffs 😂
“This message has been filtered, please adjust your filters to view”
Wonder who this naysayer is 🤔 it’s like they’re watching constantly, waiting to respond to anyone who comments. They’re committed, I’ll give them that. Not invested for 6+ years but seem to comment more on the share than anyone else.
Genuine investors would not waste time commenting on / attacking a share they have no interest in or only seem to see negatives with. They would simply move on and invest elsewhere.
This person is bitter and has nothing better to do than spread fear across the LSE forums. What a sad, lonely life they must lead.
Filter / ignore this troll and DYOR.
GLA genuine investors.
Nice summary Janiax 👌
Because I may need to withdraw funds (reduce my holding) at some point soon to put towards a house move.
And yes, I’m confident it’ll be done at some point 👍 ideally before I need the funds! 🤞
I really don’t understand how the bid / ask can drop so suddenly on no news and low volume. 13% drop yesterday in 16 mins is an absolute joke. Hourly and daily indicators were showing strong buy at the time too.
14-Feb-24 11:40:53 0.2578 481,126 Sell* 1,240 O
14-Feb-24 11:40:09 0.27 1,100,000 Buy* 2,970 O
14-Feb-24 11:33:50 0.28 615,935 Sell* 1,725 O
14-Feb-24 11:24:44 0.294 167,872 Sell* 493.54 O
Https://x.com/wcat_plc/status/1756645014879240255?s=46&t=dBEUr060C2V_rrjFRsmkxA
“Don't forget to press the twitter notification bell to ensure you don't miss out on any #wcat tweets”
Hope the retweet last week and this tweet are a sign news isn’t far away (why else would they tweet that) and we’ll see some updates soon (via RNS especially) 🤞
GLA genuine investors.
I’m not sure a new one has been appointed yet but it’s worth noting the Auditor was forced to resign due to no longer providing service to PIE companies. However it does sound like they have already found a potential replacement:
“ 2) AUDITOR
Wildcat Petroleum for accountancy purposes is classified as a Public Interest Entity (PIE).
The auditor Shipleys LLP no longer provides auditing services to PIE companies; resultantly they were forced to resign. A firm that does provide auditing services to PIE companies has been identified and will be engaged in due course and an announcement made via RNS once the relevant paperwork has been completed.
We would like to thank Shipleys for the excellent and efficient service they provided the Company and wish them well for the future.”
I can’t see why the Chairman would repost the service agreement offering tweet on Weds, if there was a chance it would get rejected.
https://x.com/wcat_plc/status/1743195556401340924?s=46&t=dBEUr060C2V_rrjFRsmkxA
You’ll always get profit takers on the way up. At least volume is picking up and there are plenty of buys coming in.
Well this rise is positive. Could news be close 🤔
I did notice the Chairman retweeted their service agreement agreement post on Twitter yesterday.
Onwards and upwards 👌