Appointment of CCEG as Blockchain Developer

RNS Number : 3428R

Wildcat Petroleum PLC

08 March 2021

 

8 March 2021

Wildcat Petroleum Plc

("Wildcat" or the "Company")

Appointment of CCEG as Blockchain Developer and Cryptocurrency Platform Provider

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, is pleased to announce that it has appointed the Centre for Citizenship, Enterprise and Governance ("CCEG") as its Blockchain Developer and Cryptocurrency Platform Provider.

The Company has commissioned the CCEG to produce a report into the application of blockchain technology to the upstream sector of the petroleum industry and how best to implement this into future acquired oil exploration and production assets. In particular the report will look at issues of regulatory approval and appropriate jurisdictions in the event that the Company would conduct an ICO or launch an asset backed Token.

Mandhir Singh, Chairman of Wildcat, commented:  "While we continue to make progress seeking a deal in the oil and gas sector, we are extremely excited to be making excellent strides in advancing the blockchain aspect of our growth strategy. Having a recognised global player such as CCEG as our partner will be invaluable in facilitating legal compliance, system integrity and to ensure that our approach is robust."

Professor Olinga Taeed, founder and director of CCEG commented: "CCEG is the home of the Social Earnings Ratio® (S/E), the corollary of the Price Earnings Ratio (P/E) which universally drives stock markets all over the world. We applaud Wildcat for their Total Value commitment to make impactful investment central to their core values. With the burgeoning of fintech instruments like tokenisation, first movers have great market advantage."

Enquiries:

Wildcat Glyn Roberts	[e-mail]
Pello Capital Limited (Broker) Mark Treharne	[phone] [e-mail]
Yellow Jersey (Investor Relations)	[phone] [e-mail]

About the CCEG

The CCEG a not-for-profit independent think tank on the Movement of Value with over 188,000 members. Established as a research and development centre at the University of Northampton in 2013, the CCEG became fully independent in 2015, focussing on the measurement of value for governments underpinning legislative instruments such as UK Social Value Act 2012, UK Modern Slavery Act 2015, 2% CSR reporting in India, Indonesia and other countries, as well as 5 EU commissions in textiles, IT, and other industries.

In 2016 the CCEG started developing blockchain solutions for the transaction of digital value in retail, procurement, property, impact investment, trading and education, producing 14 whitepapers. Rothbadi, the institutional consultancy arm of CCEG, provides private client services including secure enterprise level token platforms to large projects in many mainstream sectors including banking, supply chains, telecommunications and electric vehicles. The organisation leads on 3 publication journals including one sponsored by the UK government.

Notes to Editors:

Wildcat Petroleum (LSE: WCAT) is listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange. WCAT is seeking to acquire a business operating in the upstream sector of the petroleum industry - namely exploration, appraisal, development and production of oil and gas, with a primary focus on assets that are at the later phases of exploration and production. Following the acquisition, WCAT intends to seek re-admission of the enlarged group to trading on the London Stock Exchange.

 

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