RE: Looking forward to a good day/week/year4 Jan 2024 09:59
Well said, Jan. I think the upside is huge here and things are certainly looking more positive with the potential peace agreement coming up. The chairman also sounds certain the SA will be signed (he specifically said it’s not ‘if’, it’s ‘when’ in a recent interview), and said 3-4 months is the usual timeframe, which we are now in the 4th month (submitted in September).
Torino, I would suggest looking at previous RNS’s and interviews as the Chairman has detailed the plans for 2024 which Sudans oil minister is 100% behind.
Don’t think they would be considering signing the SA/PSA if they weren’t confident with Wildcats plans.
RE: The end of year #wcat Cat Flap newsletter will be out on Friday.3 Jan 2024 10:27
The Sudan peace agreement meeting was meant to be last week (28th Dec) but was then postponed to early January due to “Technical reasons”. Hopefully something positive comes out of that. That may have been the reason for the rise over a Christmas.
I’m with Janiax and think the SA agreement will be signed within the first two weeks of this month.
Wildcat Petroleum: 0.40p Target 1p Stop Loss 0.33p
Another possible rabbit out of a hat situation, which has already started to come to life and could partly live up to its name is Wildcat Petroleum (WCAT). The reason for saying this is that we have been waiting rather longer than expected for a production sharing agreement, not helped by the conflict in Sudan. Nevertheless, the shares have doubled in the past couple of weeks, and even though it has to be regarded as something of a wild card, the downside looks limited, and the upside could be stellar if the Man From Del Monte signs on the dotted line for WCAT. Those who have interest here should maybe check out the likes of Savannah Energy (SAVE), which recently kicked its moment of truth in South Sudan to February 1.