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Unfortunately, there is not a single shred of evidence that the name was changed. There was also no evidence of his alleged "backers" either. Im afriad theres been too much BS, after how he went on about Sudan, who is actually going to believe anything about South Sudan? Even if he managed to sign a deal with South Sudan, the market will be extremenly cautious and skeptical. Wholesale changes are required to do things professionally and honestly.
The chairman is clearly out of his depth and his incompetence has cost WCAT big time. Im certain he has known about the rejection for months but had to soften the blow (enter south sudan carrot on a stick). The worst thing is he has played his investors for a fool by constantly saying the sudan deal was a done deal. Pains me to say and i do not say this lightly, this ship can only be saved with new management. 3 years since listing and no closer to asset despite multiple fund raises, and no explanation at all on how the new listing rules affect WCAT. Its just been lie after lie. He has lost ALL credibility.
Dearest Mandini, i think the market has spoken - ramping RNS's and special edition Catflaps are not having the desired effect, this strategy has now been exhausted. Only a service agreement shall truly move the SP now. Good luck and hope you get the deal across the line.
In the realm of oil and drills, Mandhir Singh stood tall,
CEO of Wildcat Petroleum, he had quite the gall.
With a plan so bold, in a suit of sheen,
He set off for Sudan, with a dream so keen.
"Peace I shall bring," he said with a grin,
"To the land of conflict, let the healing begin!
Not just with words, or a diplomatic speech,
But with barrels of oil, within everyone's reach."
Through the deserts of Sudan, Mandhir made his way,
Dodging camels and sandstorms, in a wild display.
He talked to the chiefs, the rebels, the crowd,
Promising riches and peace, speaking his vow loud.
"Dear investors, fear not," he'd often declare,
"Your millions are coming, it's only fair.
For with each well we drill, and each barrel we sell,
We'll turn Sudan's turmoil into a peaceful well."
The rebels raised eyebrows, the chiefs gave a smile,
"Could this oil man, truly go the extra mile?"
But Mandhir danced and laughed, with a drill in his hand,
Singing, "Oil and peace, that's my grand stand!"
With every well dug, he planted a tree,
"Let's restore nature, and set ourselves free!"
The locals joined in, with shovels and songs,
In the land of Sudan, where Wildcat belongs.
Mandhir's tale grew wilder with each passing night,
Of how he'd turn Sudan's darkness into light.
Investors back home, watched with glee and cheer,
"Millionaires we'll be, the future's bright and clear!"
So here's to Mandhir Singh, in his quest so bold,
A tale of oil, peace, and fortunes untold.
In the deserts of Sudan, with a heart so big,
He dreams of peace, and the next oil rig.
Anyone with experience of the LSE knows how bullish lastnights speeding ticket was. The regulators have simply reigned in his bullish sentiment made him state the facts exactly as they are as of today. Oil deal by eoy and im deploying more capital this morning! GLA!
This RNS changes nothing. Its just a "speeding ticket". He has to say that to confirm theres no insider trading. Asset here by christmas. If unsure read the following transcript until it makes cents!
"In my opinion, the market’s totally not understood what we’re planning to do, the sheer scale of what we’re going to do and the sheer profitability of what we’re going to do.
When the Minister initially offered me the deal, which we intend to sign, I nearly fell off my chair so next year we fully intend to demonstrate to the market the sheer scale and profitability of this deal. This deal was previously been run by three of the biggest oil companies in the world and now we fully intend to take over their operations.
I’m fully 100% happy with how things are going and next year hopefully, everyone will see just the sheer money-making potential of these deals."
"In my opinion, the market’s totally not understood what we’re planning to do, the sheer scale of what we’re going to do and the sheer profitability of what we’re going to do.
When the Minister initially offered me the deal, which we intend to sign, I nearly fell off my chair so next year we fully intend to demonstrate to the market the sheer scale and profitability of this deal. This deal was previously been run by three of the biggest oil companies in the world and now we fully intend to take over their operations.
I’m fully 100% happy with how things are going and next year hopefully, everyone will see just the sheer money-making potential of these deals."
Read it. Then read it again until it makes cents!
"In my opinion, the market’s totally not understood what we’re planning to do, the sheer scale of what we’re going to do and the sheer profitability of what we’re going to do.
When the Minister initially offered me the deal, which we intend to sign, I nearly fell off my chair so next year we fully intend to demonstrate to the market the sheer scale and profitability of this deal. This deal was previously been run by three of the biggest oil companies in the world and now we fully intend to take over their operations.
I’m fully 100% happy with how things are going and next year hopefully, everyone will see just the sheer money-making potential of these deals."
Fade this at your peril. LSE wont know what hit it! Total faith in wcat!
Lets just go with the facts, this ran up to 4.5p off the back of NOTHING. Now theres a massive production sharing agreement coming in the next 4 weeks aswell as a crypto token just in time for next years bitcoin halving. I firmly expect 3-4p before asset and then 15-20p after! Buckle up!
The counter argument would be that all the risk is still with the sudanese government i.e the price of oil or bopd wont affect fee paid to wcat. Also, wcat finally starts to generate income and transitioning to becoming self sufficient, whilst demonstrating their capabilities and credentials. Once things have calmed down we can go about getting a seat at the table i.e PSA. Seems a logical move to me. Looks like some IPO's unloaded today buy share price has stabilised again - good. Up only from here. I've topped up today. Eagerly awaiting further details from the chairman. GLA.
Totally agree, very strong vote of confidence in WCAT by the Sudanese government. This is simply laying the foundations for the MOSTER asset (100k bpd). Todays oppurtunity allows WCAT to demonstrate its capabilities. This is just the beginning, your chance to accumalate at these low low prices is diminishing by the hour...
Completely agree cashcow. This went from 0.1p all the way to 4.5p with little volume (when compared to other stocks). We can do it again, all we need is slightly more buying pressure and off it goes again. The asset acquisition sends its rocketing regarldess!
Over 70% of shares are effectlively locked up, with a promise of dividends, i cant see BoD selling much either. Infact theyre buying shares back! Even if they do sell, it will only be after WCAT is a successfull oil producing company,otherwise it would be seriously frowned upon. This went to 4.5p off nothing before and the BoD did not sell a single share, im sure some IPO investors did. Now we are closer than ever to an asset, lets run it back turbo!