Wildcat Petroleum is targeting proven multi-billion assets in sub Saharan Africa, similar to LSE colleague, Savannah Energy Plc. It is mainly targeting oil blocks in Sudan but has irons in the fire in both Chad and South Sudan.

On 12 December 2022, Savannah announced its intention to buy producing oil fields in South Sudan from Malaysia’s state energy firm Petronas for up to $1.25 billion. Wildcat has stated in previous RNSs that the company’s top priority is to secure a stake in a producing asset(s) in Sudan with resources in the billions of barrels.

Wildcat has previously stated a keen interest in Blocks 1,3,4 & 5. All four blocks are currently producing.

From an investor perspective, there are a number of considerations, namely:

1. Can Wildcat secure the block(s)?
2. If Wildcat does land a deal, how much will Wildcat pay (bearing in mind Savannah has agreed to pay $1.25bn for Petronas’ oil fields just across the border in South Sudan)?
3. Finally, what percentage of the blocks can Wildcat secure?

Next week, DirectorsTalk has arranged an interview with the Chairman of Wildcat to see how his team intends to pull off such a major oil deal – deals which are normally tackled by international oil majors. In the photo below, Mandhir Singh, Wildcat Petroleum’s Chairman, points at the various billion barrel oil Blocks the Company hopes to develop in the coming years, in close proximity to Petronas’ oil assets that Savannah Energy recently acquired.

Mandhir Singh, Wildcat Petroleum Chairman

Left to right, Wildcat Chairman Mandhir Singh, Head of SUDAPET Ahmed Ziada, Oil Minister Muhammad ABDULLAH and Dr Omah discussing opportunities in the Sudanese oil sector

Wildcat Petroleum plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas. It was admitted on the London Stock Exchange on 30th December 2020.

KeyFacts Energy Industry Directory: Wildcat Petroleum