Wildcat Petroleum PLC Wildcat Petroleum opens office in South Sudan
04 Settembre 2023 - 8:00AM
RNS Non-Regulatory
TIDMWCAT
Wildcat Petroleum PLC
04 September 2023
RNS Reach Announcement 4 September 2023
Wildcat Petroleum Plc
("Wildcat" or the "Company")
WILDCAT PETROLEUM OPENS OFFICE IN JUBA, SOUTH SUDAN
The current political unrest in the Republic of Sudan which
flared up on the 15(th) April has not fully resolved itself.
However the Sudanese oil industry infrastructure has not been
affected and the oil fields located around the Sudanese town of
Heglig are still in operation. Since the start of the unrest, South
Sudan has actually doubled the amount of oil it is pumping through
Sudan's pipelines to the Port of Sudan on the Red Sea.
Following extensive consultation with the Director General of
the Sudanese Oil and Production Authority (OEPA) the Company will
be opening a temporary base of operations in the South Sudan
capital Juba.
The Director General will liaise with his counterparts in the
South Sudan Ministry of Petroleum in order to facilitate Wildcat's
cross border access to the oil fields in the Republic of Sudan.
This will mean that once Wildcat has signed an oil contract with
OEPA it will be able to get personnel and equipment unhindered to
the Sudanese oil fields through South Sudan.
Wildcat will access the oil fields around the town of Heglig by
flying to the airport at the Unity oil field (South Sudan) and then
crossing the border by land to Heglig in Sudan. The above map
(which should be treated as an historical document) indicates the
location of these fields
The company would like to thank NIYAT Co for providing access to
office facilities whenever required in Juba (at the UAP Equatorial
Tower)
OEPA is the Sudanese government department that is responsible
for the negotiation and awarding of oil contracts. A special thank
you goes to the Director General of OEPA for continuing to work
with Wildcat under the current difficult conditions.
Enquiries:
Mandhir Singh (Chairman) msingh@wildcatpetroleum.co.uk
Notes to Editors:
Wildcat Petroleum (LSE:WCAT) is listed on the standard segment
of the official list, with shares traded on the main market of the
London Stock Exchange. WCAT 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, with a primary focus on assets that are at the later
phases of exploration and production.
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END
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