RE: Delayed Buys17 Dec 2023 13:12
Https://x.com/zakstraderscafe/status/1736357829093523857?s=46&t=dBEUr060C2V_rrjFRsmkxA
Wildcat
Finally, it is time to go for an almost weekly look at Wildcat Petroleum (WCAT), in the run up to its AGM on Friday. Expectations continue to be high that the company will be able to pull off the well trailed production sharing agreement with the Sudanese government, with some assuming that this could be revealed around the time of the AGM. This is particularly on the hope that the company may pull this off even though the much larger company Savannah Energy (SAVE) announced this week that we may have to wait for as long as February for its Petronas deal in South Sudan to be delivered. Fans of WCAT point to it possibly being the giant killer, rather than SAVE, especially given the way that in June it said it had access to up to $25m from a potential investor should its deal be pulled off.
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Things are certainly looking more positive recently, hopefully we’ll start to see a recovery leading up to the AGM and we’ll get the update we’ve all been waiting for. GLA