Wildcat Petrol. Regulatory News (WCAT)

30 April 2021

Wildcat Petroleum Plc

("Wildcat" or the "Company")

Interim results for the period from incorporation to 31 December 2020

Wildcat Petroleum plc (LSE: WCAT), which is targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry and exploring the implementation of blockchain technology within the sector, announces its interim results for the period from incorporation on 8 January 2020, to 31 December 2020.

Results for the period

For the first period from incorporation date of 8 January 2020 to 31 December 2020, the results include the on-going running costs in connection with being a listed company as well as advisor fees. In January, the company appointed Pello as company broker who will provide assistance in any future fundraising required for a future deal.

Since the company is considering the use of Blockchain technology within the petroleum sector, advisors were appointed with expertise in this area. The Centre for Citizenship, Enterprise & Governance ("CCEG") was appointed as main Blockchain advisor. In March CCEG produced a report on the ways in which WCAT could implement Blockchain technology. Also, during this period specialist Blockchain lawyers at Gunnercooke were retained. On the advice from the CCEG application were made to trademark certain names in order to prevent cyber-squatting. The company awaits the results of these applications. Memorandums of Understanding have been entered into with Crown Energy AB and Nabirm Global LLC in respect of the potential tokenisation of oil assets controlled by them.

In respect to the main petroleum side of the operation, progress has been made in potentially sourcing an oil asset which the directors expect will make WCAT a profitable oil producing company. The company will make further announcements in due course.

Risks and uncertainties

The Company is a relatively new entity, with only a brief operating history, and therefore, investors have no basis on which to evaluate the Company's ability to achieve its objective of identifying, acquiring and operating one or more companies or businesses.

Going Concern

As stated in the notes to the condensed financial statements, the directors are satisfied that the Company has sufficient resources to continue in operation for the foreseeable future, a period of not less than 12 months from the date of this report

Responsibility statement

We confirm that to the best of our knowledge:

a. the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial Reporting';

b. the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of important events and description of principal risks and uncertainties); and,

c. the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related parties' transactions and changes therein).

Cautionary statement

This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to assess the Company's strategies and the potential for those strategies to succeed. The IMR should not be relied on by any other party or for any other purpose.

The condensed accounts have not been reviewed by the auditors.

Mandhir Singh

Chairman

30 Apr 2020

NOTES TO THE UNAUDITED INTERIM CONDENSED REPORT

General Information

Wildcat Petroleum Plc is a company incorporated in the United Kingdom. The address of the registered office is Finsgate, 5-7 Cranwood Street, London EC1V 9EE. The Company was incorporated and registered in England and Wales on 8 January 2020 as a public limited company.

1. Basis of preparation

This announcement was approved and authorised to issue by the Board of directors on 30 April 2021

The financial information in this interim report has been prepared in accordance with the International Financial Reporting Standards. IFRS comprises standards issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) as adopted by the European Union (EU).

There are no IFRS, or IFRIC interpretations that are effective for the first time in this period that would be expected to have a material impact on the company.

The financial information has been prepared under the historical cost convention, as modified by the accounting standard for financial instruments at fair value.

The Directors are of the opinion that the financial information should be prepared on a going concern basis, in the light of the Company's financial resources.

These condensed interim financial statements for the period from incorporation to 31 Dec 2020 are unaudited and do not constitute full accounts.

No taxation charge has arisen for the period and the Directors have not declared an interim dividend.

Copies of the interim report can be found on the Company's website at www.wildcat petroleum.co.uk

Going concern

The directors are satisfied that the Company has sufficient resources to continue in operation for the foreseeable future, a period of not less than 12 months from the date of this report. Accordingly, they continue to adopt the going concern basis in preparing the condensed financial statements.

2. Loss per share

Basic loss per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period.

The calculation of basic and diluted earnings per share is based on the following figures: -

5. Events Subsequent to 31 December 2020

There were no events subsequent to the balance sheet date.

6. Reports

A copy of this announcement will be mailed to shareholders and copies will be available for members of the public at the Company's Registered Office Finsgate, 5-7 Cranwood Street, London EC1V 9EE.

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