Continental Focus, International Reach

Petroleum Africa

Wildcat Petroleum Operational Update

Wednesday, November 1, 2023

As previously announced, wildcat plans to sign a specific oil developmental deal with the Sudanese government, before the end of the year.
This deal should lead directly to wildcat becoming a producing/profitable oil company in 2024.
First oil production could be achieved as early as the first quarter of 2024.
As a clear signal of faith that the company is back on track the chairman purchased 26.3 million shares in the company

HIGHLIGHTS (July-Oct 2023)

FUNDRAISE

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 (prior to the 31/10/23 deadline) – and can be found on our website.

AGM

We will announce our AGM plans in the next 2 weeks – date and location to be confirmed.