Last checked at 1 Nov 2023 07:00
WILDCAT PETROLEUM - CAT FLAP NEWSLETTER (July - October 2023)
(from the Chairman)
1st Nov 2023
· THE COMPANY IS FULLY BACK ON TRACK.
· AS PREVIOUSLY ANNOUNCED, WILDCAT PLANS TO SIGN A SPECIFIC OIL DEVELOPMENTAL DEAL WITH THE SUDANESE GOVERNMENT, BEFORE THE END OF THE YEAR.
· THIS DEAL SHOULD LEAD DIRECTLY TO WILDCAT BECOMING A PRODUCING/PROFITABLE OIL COMPANY IN 2024.
· FIRST OIL PRODUCTION COULD BE ACHIVED AS EARLY AS THE FIRST QUARTER OF 2024.
· AS A CLEAR SIGNAL OF FAITH THAT THE COMPAY IS BACK ON TRACK THE CHAIRMAN PURCHASED 26.3 MILLION SHARES IN THE COMPANY.
HIGHLIGHTS (July-Oct 2023)
FUNDRAISE
· The Company raised £450,000 (gross) under difficult market conditions.
· Funds raised are sufficient to see the Company through the next 12 months(+), as well as covering the cost of signing the oil developmental deal.
· The placing was heavily oversubscribed (large demand) and investors had to be scaled back.
BAMBOO OILFIELD.
· One of the major producing oil field in Sudan.
· Contains 506 MILLION BARRELS (STOIIP).
· The field is to be renamed the WILDCAT FIELD.
· Earmarked by Sudanese Ministry of Energy & Oil for development by Wildcat.
OFFICE
· Temporary Representative office has been opened in the South Sudanese capital, Juba.
· Provides alternative access to the Bamboo oil field through South Sudan.
AUDITED YEAR END ACCOUNTS (JULY 1 2022 TO JUNE 30 2023)
These were announced to the Market on 25/10/23 (prior to the 31/10/23 deadline) - and can be found on our website www.wildcatpetroleum.co.uk
AGM
We will announce our AGM plans in the next 2 weeks - date and location to be confirmed.
Mandhir Singh, Chairman
Wildcat Petroleum plc
1 Nov 2023
THE COMPANY WOULD LIKE TO THANK SHAREHOLDERS WHO HAVE STUCK BY THE COMPANY DURING THIS DIFFICULT YEAR. THE COMPANY FULLY INTENDS TO REPAY THIS FAITH IN 2024.