Wildcat Petroleum Plc

Equities

WCAT

GB00BMQC7357

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:03 2024-05-31 am EDT			5-day change	1st Jan Change
0.195 ^GBX	+5.41%		+21.88%	-51.25%

May. 08	Home REIT cuts borrowings, Genflow shares restored	AN
May. 07	Wildcat Petroleum Inks MoU with South Sudan Government to Develop Hydrocarbon Assets	MT

Wildcat Petroleum raises GBP450,000 via placing shares

October 16, 2023 at 05:42 am EDT

(Alliance News) - Wildcat Petroleum PLC on Monday said it has placed shares to raise money to boost its balance sheets.

The Uxbridge, London-based investor in upstream sector of petroleum industry said it placed 375.0 million new shares at a price of 0.12p per share, to raise up to GBP450,000.

Wildcat Petroleum shares plummeted 54% to 0.15 pence each on Monday morning in London.

Chair Mandhir Singh said: "The company is delighted to have raised additional funds in difficult market conditions. These net proceeds of the over-subscribed placing will be used to strengthen the balance sheet and provide the company with sufficient working capital whilst it works towards a production sharing agreement with the Sudanese government."

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Wildcat Petroleum Plc

Home REIT cuts borrowings, Genflow shares restored	May. 08	AN
Wildcat Petroleum Inks MoU with South Sudan Government to Develop Hydrocarbon Assets	May. 07	MT
Wildcat Petroleum Plc Signs MOU with Ministry of Petroleum	May. 07	CI
Wildcat shares plummet as company denied Sudanese oil contract	Apr. 15	AN
Sudan Rules Out Projects for Wildcat Petroleum Amid Political Uncertainty	Apr. 15	MT
Wildcat Petroleum to enter discussions with South Sudanese government	Apr. 05	AN
EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV	Mar. 14	AN
Earnings Flash (WCAT.L) WILDCAT PETROLEUM Reports Fiscal H1 EPS GBP0.00	Mar. 14	MT
Wildcat Petroleum Plc Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 14	CI
Wildcat Petroleum jumps on Sudan approval	Feb. 19	AN
Wildcat Petroleum Wins Regulatory Nod in South Sudan	Feb. 19	MT
Wildcat Petroleum looks to advance plans for oil production in Sudan	Jan. 05	AN
Wildcat Petroleum clarifies statements on crypto plans	Nov. 22	AN
EARNINGS: Cloudbreak narrows loss, Wildcat laments "frustrating" year	23-10-25	AN
Earnings Flash (WCAT.L) WILDCAT PETROLEUM Posts FY23 Loss GBP-0.01	23-10-25	MT
Wildcat Petroleum Plc Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-25	CI
Wildcat Petroleum raises GBP450,000 via placing shares	23-10-16	AN
Wildcat Petroleum Completes Equity Raising; Stock Plummets	23-10-16	MT
CORRECT (Sep 18): Wildcat Petroleum says unable to sign Sudan deal yet	23-09-19	AN
Wildcat Petroleum unable to agree Sudan government deal over oil field	23-09-18	AN
UK's Wildcat Petroleum Eyes Service Agreement With Sudan Government	23-09-18	MT
Phoenix Group hails "impressive" first-half	23-09-18	AN
Wildcat Petroleum shares up as opens new base in South Sudan capital	23-09-04	AN
Wildcat Petroleum shares up as opens new base in South Sudan capital	23-09-04	AN
Wildcat Petroleum plc Opens Office in South Sudan	23-09-04	CI

Chart Wildcat Petroleum Plc

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Company Profile

Wildcat Petroleum Plc is a United Kingdom-based company, which is seeking to acquire projects or a business operating in the upstream sector of the petroleum industry - namely exploration, appraisal, development and production of oil and gas. The Company is primarily focused on assets that are at the later phases of exploration and production. It is evaluating oil and gas exploration, appraisal and production opportunities around the world. The Company plans to implement blockchain technology within the oil and gas business. The Company's Sierra Leone Reconnaissance Project is situated on the West African Continental Margin and neighboring Guinea and Liberia is, with only 8 wells drilled, a frontier exploration area for hydrocarbons. The eight wells have been drilled on the shallow shelf and upper slope. Two have encountered oil shows and four have been non-commercial oil discoveries. The Company's reconnaissance license (Desk Study) covers approximately 24,000 square kilometers.

Sector

Oil & Gas Exploration and Production

Calendar

2024-12-02 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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