Statement re. Appointment of Michael Edelson

RNS Number : 0230P

Wildcat Petroleum PLC

15 February 2021

 

15^th February 2021

Wildcat Petroleum plc

("Wildcat" or the "Company")

Appointment of Michael Edelson as Senior Business Adviser

Wildcat Petroleum plc (LSE: WCAT), which is planning to transform the way things are done within the petroleum industry with the implementation of block-chain technology, is pleased to announce the appointment of Michael Edelson as a Senior Business Adviser to the Company with immediate effect.

Mr Edelson is a distinguished entrepreneur and investor who has been part of a number of successful projects involving shell companies. He is currently a non-executive director of Manchester United F.C., Chairman of SysGroup plc and on the Board of a number of private companies and charitable trusts. He has helped to float over 20 companies during his career, one of which was ASOS.

The Company will be drawing upon Mr Edelson's extensive experience and connections to help it source investment opportunities and develop business partnerships. As part of the Company's commercial strategy, it is also looking to deploy blockchain technology to acquired future assets in order improve efficiencies of oil and gas trading when completing transactions across multiple markets. With Mr Edelson's track record of working with technology businesses, the Company believes he will be able to add important value to its ambitions in this area.

Mandhir Singh, Chairman of Wildcat, commented:  "We are delighted to have Michael as part of our team given his plc experience and the advice and business network upon which we will be able to draw upon. Having him on board is a huge coup for Wildcat and a great vote of confidence in the Company's vision. With Michael's assistance we believe that we can achieve our goals quicker and more effectively.

Hopefully, in the near future, the Company will be able to announce the appointment of other individuals of the same calibre as Mr Edelson. Individuals at the top of their profession, whether it be the petroleum or blockchain industry."

Michael Edelson, commented: "It is a pleasure to be involved at an early stage with such a forward-thinking company, which has exciting plans to revolutionise the oil and gas sector by applying modern technology. I look forward to helping them on the next stage of their journey."

Enquiries:

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

 

END

 

 

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