Wildcat Petroleum Newsletter (July 2023-Oct 2023)

Wildcat Petroleum PLC

01 November 2023

 

WILDCAT PETROLEUM - CAT FLAP NEWSLETTER (July - October 2023)

(from the Chairman)

1^st 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.

 

END