Wildcat Petroleum has announced an update on operations for the period July-October 2023.

Financial

• 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 and can be accessed here.

KeyFacts Energy Industry Directory: Wildcat Petroleum