Wildcat Petroleum Newsletter (July 2023-Oct 2023)

(from the Chairman)

1st Nov 2023

• THE COMPANY IS FULLY BACK ON TRACK.
• 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 ACHIVED AS EARLY AS THE FIRST QUARTER OF 2024.
• AS A CLEAR SIGNAL OF FAITH THAT THE COMPAY 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 www.wildcatpetroleum.co.uk

AGM

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

Mandhir Singh, Chairman

Wildcat Petroleum plc

1 Nov 2023

THE COMPANY WOULD LIKE TO THANK SHAREHOLDERS WHO HAVE STUCK BY THE COMPANY DURING THIS DIFFICULT YEAR. THE COMPANY FULLY INTENDS TO REPAY THIS FAITH IN 2024.