Member Info for RiseAboveTheRest

I don’t think the Chairman helped when he referenced the 25th October announcement in the latest RNS, which states:

“ As reported in the interim statement the Company was focused on signing a Production Sharing Agreement (PSA) with the Sudanese government over at least one of Block 1,3,4 and 5 by the end of 2023. Unfortunately, this is now very unlikely to happen in 2023, in a large part as a consequence of the attempted coup in the country on 15 April 2023 which has meant it has been extremely difficult to fly into the country and that remains to be the case.”

We’ve had updates since to show that he’s flown into the country and in the 1st Nov RNS he stated “THE COMPANY IS FULLY BACK ON TRACK” and “ AS PREVIOUSLY ANNOUNCED, WILDCAT PLANS TO SIGN A SPECIFIC OIL DEVELOPMENTAL DEAL WITH THE SUDANESE GOVERNMENT, BEFORE THE END OF THE YEAR.”.

But the market clearly don’t like the fact he’s referenced the RNS that states the deal won’t be signed in 2023. He should follow up with some clarification on this to reassure investors.

I think we’ll start to see a rise soon. The market will always sell on news so the drop at the end of last week was expected. With the AGM coming up and the deal still to be signed before Christmas (until we hear otherwise), I’d be surprised if people don’t take positions in the lead up to news.

The CEO confirmed the company are now back on track (1st Nov RNS). I’m sure after purchasing a large number of shares themselves recently (and now 70% of the company), they’d be doing everything they can to get the deal done ASAP.

GLA

Nope, expected by this coming Christmas.

This thread contains a lot of good info - https://x.com/redditdeluxe/status/1726672533175640189?s=46&t=dBEUr060C2V_rrjFRsmkxA

Check out the 1st Nov RNS too.

Https://x.com/wcat_plc/status/1725442690341294304?s=46&t=dBEUr060C2V_rrjFRsmkxA

“ After a difficult year for shareholders the company fully intends to end the year on a high and deliver on its promises.”

Certainly positive. Hopefully we’ll start to see a significant recovery leading up to the AGM/ news on the deal.

Even without news, this was .5p a couple of months ago.

The deal is public knowledge. If it hadn’t yet been released then he wouldn’t be able to.

Thanks for sharing. You forgot the source though. I’ll share it so everyone can see the date on it:

https://www.gov.uk/foreign-travel-advice/sudan#2023-10-27T15:33:59+01:00

Last updated: 27th Oct.

CEO has since updated saying company is back on track after delays due to the conflict (1st Nov RNS).

Nice try though 🤦‍♂️

Thought it would recover today but like Tuesday, it’s been a quiet day. Expect a recovery tomorrow, especially leading into the weekend. 🤞 😃

GLA

Yeah, the capital letters gave me a clue that this is going to skyrocket in the lead up to the deal (before EoY) 🚀

Exciting times ahead 😃

Your view seems to have changed since your comment this morning…

“Wrong Jona, This will end I predict at 0.12p”

On the rise.

.23 now 👌

Sorry Tom, I didn’t notice you already shared this 🤦‍♂️

Here’s a good breakdown of the RNS (credit to @RedditDeluxe):

https://x.com/redditdeluxe/status/1727594914316181752?s=46&t=dBEUr060C2V_rrjFRsmkxA

Opened at .21. Not even as bad as I thought it would be. That’s a positive sign 😊 this will recover later.

I’m expecting a drop in the morning with a steady recovery throughout the day.

Probably best to not look in the morning 🤣

In this RNS —> https://www.lse.co.uk/rns/WCAT/wildcat-petroleum-newsletter-july-2023-oct-2023-gfivvr0ldryq1l0.html

Exactly, nothing has changed since the 1st Nov RNS:

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.

Its about this part in his interview:

Q4: Just going back to after you listed the company on the stock exchange, you were very active in the cryptocurrency space with various registered names. Now, with Bitcoin prices recently rallying, can you just confirm for us if you’re still active in the crypto space?

A4: I didn’t expect you to ask me about that. Well, we did mention the crypto blockchain in our prospectus and our intention all along was to issue a token or something in order to fund our oil development projects.

The FCA has requested us not to mention anything about what we’re planning to do until after we sign the deal so hopefully at the end of the year, after signing the deal, we will let shareholders know what we’ve got in mind in the future.

We haven’t been idle the last two years, a lot of work’s been going on behind the scenes but the FCA has requested us not to mention it until the deal is done and hopefully, once the deal is done, we will reveal to the market exactly what we’ve got planned.

Also, I have to mention you know we do need FCA approval for what we’ve got planned so mum’s the word and I can’t say anymore, watch this space.

——————-

The deal is still expected to be signed by the EoY (as per 02nd Nov RNS), nothing has changed on that.

Market will always sell on news. Red day tomorrow? Who cares. It will recover very soon after. I’m expecting a drop tomorrow but certainly not going sell and miss out on the news expected before the EoY.

Ride the storm.

Exactly this: https://x.com/gym_furious/status/1727397235619762471?s=46&t=dBEUr060C2V_rrjFRsmkxA

Clarification RNS from #WCAT:

Crypo not happening til oil transaction = don’t care I wasnt buying for crypto.

Sudan Oil = just what we knew anyway, offer on the cards. Should happen in due course

“There’s been no material change to trading since the Report & Accounts on 25/10”

Here’s a great thread worth looking at too —> https://x.com/redditdeluxe/status/1726672533175640189?s=46&t=dBEUr060C2V_rrjFRsmkxA

Lol what a 🤡

Bye then 👋