Wildcat Petroleum plc (LON:WCAT) has announced that, after a recent very successful trip to South Sudan, it has signed an MOU with the Ministry of Petroleum (MOP) covering the following:
To establish a collaboration agreement to form a Production Sharing Service Agreement (PSSA) between the MOP and WCAT to work together to advance the development and commercial exploitation of the hydrocarbon assets in selected fields in the Republic of South Sudan. A working party made up of members of both Wildcat Petroleum and MOP will be established to select suitable fields for development and agree suitable terms and conditions. (*).