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September 19 2023
CATFLAP NEWSLETTER SPECIAL Republic of Sudan – Wildcat Plans.
As outlined in Wildcat’s RNS 6883M of 18/9/2023, the current status regarding its plans in the Republic of Sudan (Sudan) are as follows:
The Company is pleased to announce that it has come to an arrangement with the Director General of OEPA. Due to on-going political unrest in Sudan the OEPA is physically not able to award Wildcat a Production Sharing Agreement (PSA). However, it has the autonomy to award service contracts.
Therefore, Wildcat intends to sign a short –term service contract with the OEPA. As soon as the political situation allows then Wildcat intends to negotiate a 20-25 year PSA with the government. As an indication that a PSA could eventually be awarded to Wildcat, OEPA has agreed to rename the Bamboo Field the Wildcat Field. This service contract will allow Wildcat to establish itself on the ground where the Sudanese oil fields are located. This contract will allow Wildcat to generate revenue and become profitable.
The Bamboo field (Wildcat Field) is made-up of four (4) separate oil fields in total containing 506 million barrels STOIIP (Stock Tank Oil Initially In Place) .
Fig: The 4 oil fields that make up the Bamboo Oil Field complex.
Wildcat Petroleum plc – Registered in England (Registration Number 12392909)
Registered Address: Belmont House, Third Floor, Suite ASCO-303, Belmont Road, Uxbridge, London, UB8 1HE
The Company is targeting first net oil production to Wildcat in the first quarter of 2024.
All the infrastructure required to produce and transport the oil is already in place. This means that new production can be monetized within weeks
No up-front payments to the government are required and all funds spent by Wildcat will go into the ground to increase oil production.
Chairman “This arrangement with the Sudanese government means that everything is back on track. A deal means that the Company will be able to achieve profitability and financial self-sufficiency next year. Once the first barrel of oil is produced and sold it will be a total game changer for the company. Therefore, the company’s top priority is to produce its first barrel of oil and get it sold. This project will provide the Company with a beach head from which it will be able to tackle in the future other oil fields in the vicinity. The plan is to eventually secure other oil fields contained in Blocks 1, 3, 4 & 5 in Sudan”
Mandhir Singh, Chairman, Wildcat Petroleum plc
Wildcat Petroleum plc – Registered in England (Registration Number 12392909)
Registered Address: Belmont House, Third Floor, Suite ASCO-303, Belmont Road, Uxbridge, London, UB8 1HE
https://www.***************************/wildcat-petroleum-ceo-100-expects-profitable-dividend-paying-company-with-no-debt-video/4121121880
it’s great to hear from the ceo himself with some direction of travel and clear intentions detailed in this interview. let’s hope pen to paper is sooner rather then later. fingers crossed.
https://www.***************************/wildcat-petroleum-like-savannah-energy-targets-major-sub-saharan-oil-assets-lonwcat/4121121445
I think we should take confidence in the RNS's today CONFIRMING Waterford Finance and Investment Ltd completing its subscription of 10,000,000 new ordinary shares and also the placing bringing in funds to keep operations going.
Clearly there is an appetite which has brought in the additional funds on top of what sits in the bank. I have read some outlandish conspiracies online, so lets hope this puts some of these to bed. Naturally everyone is open to their opinion, but lets make them sound ones and not have tunnel vision.
Very promising RNS bringing onboard Mikhail Kroupeev but also with an invested interest.
Agreed. Nice to see the radio silence was not all in vain. Looks like a lot of ground work has been taking place, so having that context in the catflap was welcomed. Hopefully this is a start of continued solid progress.
Just a thought as a shell wouldn’t an RTO be triggered if a confirmed deal was announced as “exclusive” ? Hmmmmmm my theory … something even bigger around the corner worth triggering an RTO for ? Could it be a case of not rushing out the blocks and timing is key
I was thinking just that… something is brewing reading between the lines. Bring it on!!
Hopefully we can draw a line under a year of inactivity understandably and grab the pull by the horns. Looking forward to this new financial year and what unfolds .. optimistic !! Good time to top up with where the price is trickling.
Loving the activity today, with some real healthy buys. Hopefully a little taste for things to come ..Onwards and upward ??
It’s exciting and encouraging to see the recent appointment of a Geological Adviser. I am pleased to see the investment being put towards bringing these these specialists in their own right on board.
Just reading up on some the credentials of Christopher, which can only add value in Wildcats exploration persuit.
Further information on Christopher Matchette-Downes:
· 30+ years of geological and geochemical scientific experience
· 20 years of concurrent global exploration & production business development and project management
· Has worked on projects in the North Sea. Contributed to the identification and sourcing of 5 North Sea permits for Cluff Natural Resources Plc. (now Deltic)
· Developed and secured seismic survey rights in South Africa, Mozambique, Tanzania, Kenya, & Namibia
· Promotion of licence rounds for the Jamaican and Tanzanian governments
· Founder member of EAX &Black Marlin Energy Limited which secured 12 exploration blocks in Kenya, Tanzania, Ethiopia, Madagascar & Seychelles. In 2010, Black Marlin Energy Limited was sold to AFREN for CDN $106m
· Formed Adamantine Energy Limited which secured a block in Kenya
· Has identified, secured & developed E&P projects in Central America (Honduras& Nicaragua)
· Has identified, secured and developed projects in the western Caribbean (Jamaica, Dominican Republic, Republic of Haiti, Curacao and Barbados
· Founder, owner, and director of MDOIL Ltd, CaribX Ltd and Helium Resources Ltd
· Regularly gives talks and presentations at institutions such as the London Geological Society
· Regular writer of papers and articles on the hydrocarbon potential of various East African oil basins
· Founder and contributor to the East African Oil Forum
Adding financial and regulatory advisors is always a good thing especially when dealing with novel technologies such as blockchains in the oil sector. This is only good news for WCAT and silencing the naysayers. GUILD have a great reputation in the city.
Thanks for sharing. To see the immediate impact to the share price from from some long awaited communication from the Wildcat team is very encouraging. I will be sticking around as I have with this one to see things unfold.
SSS86, Looks like the chairman heeded your call. As things stand the WCAT token could potentially be backed by 11 BILLION barrels of oil and thats not even including our own future assets. Remarkable progress
No problem FortKnight. Feel free too. Just out of curiosity, "WCAT Telegram group" ?
Following the RNS release from Wildcat today, Crown energy have also released news press.
https://m.marketscreener.com/quote/stock/CROWN-ENERGY-AB-13491462/news/Crown-Energy-nbsp-signs-an-MoU-with-Wildcat-Petroleum-Plc-which-explore-the-use-of-Blockchain-Tech-33000060/
Very encouraging to read from Crown Energy perspective where there seems to be some real confidence in the collaboration with Wildcat.
Lets hope this is just the start of bigger things nearing around the corner.
Just literally stumbled across a Wildcat RNS released yesterday:
"On 6th April 2021, one of the directors, Mr. Mandhir Singh, sold 740,000 shares from his nominee share dealing account through a 'Bed and ISA' transfer and 730,000 ordinary shares in Wildcat were subsequently transferred into his ISA. The difference of 10,000 shares covered the cost of the transaction into the ISA."
"Following this disposal, Mr. Mandhir Singh remains beneficially interested in 1,679,965,000 ordinary shares which equates to 69.999% of the total issued share capital."
I take this with a pinch of salt but for me who has invested in Wildcat and topped up in the process, I read this as a very encouraging sign. It has got me very curious to what is building behind closed doors for the director to swiftly "Bed and Isa" his shares. Fingers Crossed.
Hi Phamr_uk , follow the link below
https://www.wildcatpetroleum.co.uk/contact/
Thanks for the insight. I have now just gone on to the website and subscribed for future news letters.
As a Wildcat share investor the news letter that has been circulated is very refreshing to read to take "stock" (excuse the pun) of the journey to date and to see the vision for the coming financial year. Very keen to see this Token rolled out for shareholders and dividends it generates. I also applaud Wildcat in being very bold to address the rumour mill with regards to "bubble stock". This certainly should provide investors even more confidence.
Onwards and Upwards.
Some nice big buys last week with million volume entries recorded above trade price of 3. Only makes you wonder the thought process of people doing these purchases and the confidence they have in seeing a healthy return following the build up of company news and updates with the mention of gulf states. I certainly am very curious from seeing the size of buys like this and even more quietly optimistic.