Quarterly Update (CATFLAP)

RNS Number : 3502U

Wildcat Petroleum PLC

01 August 2022

 

01 August 2022

Wildcat Petroleum Plc

("Wildcat" or the "Company")

CATFLAP

SUMMER 2022

Firstly, I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportunities in Africa. New areas of interest include Sudan, Chad and South Sudan. Back on the 9^th May the Company signed a reconnaissance licence for 20 offshore blocks in Sierra Leone territorial waters.

REPUBLIC OF SUDAN

WCAT has recently set up a Representative Office in the Sudanese capital Khartoum. This office will act as a hub for Sudanese, Chadian and South Sudanese petroleum projects with Dr Omar Badawi Abu-Elbashar as manager. Dr Omar is a Petroleum Engineer with over 30 years of petroleum industry experience and is also the Managing Director of PETRO-TEC, a petroleum technology and engineering consultancy company. He is a specialist in reservoir simulation, field development planning and reservoir management.  Over the years he has built-up an extensive network in the higher echelons of the African oil industry and is on first name terms with many of the key players.

Image 1: Mandhir Singh (standing) and Dr Omar in Wildcat's new representative office in Khartoum

Mandhir Singh, Chairman of Wildcat recently took the opportunity to introduce the Company to various parties within the Sudanese government petroleum sector.

Image 2: Left to right, Wildcat Chairman Mandhir Singh, Head of SUDAPET Ahmed Ziada, Oil minister Muhammad ABDULLAH and Dr Omar discussing opportunities in the Sudanese oil sector

Image 3: WCAT visiting The Oil Ministry in Sudan

CHAD

During the last quarter Wildcat director Glyn Roberts visited Chad's capital N'Djamena. During this visit Glyn, in conjunction with Dr Omar, met various dignitaries within the Chadian oil department and discussed the possibility of collaborating on different projects. The meeting allowed WCAT to get a good understanding of opportunities available in the country.

Image 4: Glyn Roberts accompanied by Dr Omar and colleague giving a presentation to members of the Oil Ministry

Image 5: Glyn and Dr Omar with oil dignitaries from the Chad Oil Ministry

SOUTH SUDAN

Last Year Dr Omar (Petro-Tec) handled South Sudan's inaugural licensing round.  This September Dr Omar will be heavily involved in the South Sudan Oil Power conference, where WCAT will be accompanying Dr Omar.

During the visit the company plans to have meetings arranged by Dr Omar with dignitaries such as the President of the Republic of South Sudan (Salva Kiir), Minister of Petroleum (Puot Kang Chol) and Managing Director of State-run oil company Nilepet (Dr Chol Abel).

In addition the Company intends to have meetings with the oil ministers of Ethiopia, Somalia and Djibouti also arranged by Dr Omar.

Image 6: South Suan Dr Omar shaking hands with Hon. Puot Kang Chol

In the last RNS I stated that the company's top priority was to secure a stake in a producing asset(s) with resources in the billions of barrels and with the oil price hovering around $100 per barrel this remains the Company's top primary focus.  

Enquiries:

Wildcat Mandhir Singh	[e-mail]
Guild Financial Advisory Ross Andrews	[e-mail]
Yellow Jersey (Investor Relations)  Tom Randell	[phone]  [e-mail]

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 projects or 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.

https://www.wildcatpetroleum.co.uk/    

 

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