Wildcat Petroleum Plc (LON:WCAT) a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, has announced its interim results for the period from 1 July 2023 to 31 December 2023.
Results for the period
For the period 1 July 2023 to 31 December 2023, the results include the on-going running costs in connection with being a listed company.
On 4 September 2023, the Company announced the setting up of an office in Juba, South Sudan as a temporary base of operations in order to facilitate Wildcat’s cross border access to the oil fields in the Republic of Sudan.
On 18 September 2023, the company gave an update to the market regarding its plans in Sudan. Namely that: Due to the political situation in Sudan, the Company was unable to sign a Production Sharing Agreement (PSA) with the Sudanese government (OEPA) but intends instead to sign a Service Agreement (SA) with the Sudanese government with a view to increasing oil production on the Bamboo oil field.