Business
Interim results
Interim results.
About this update from Wildcat Gold Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6672G\n Wildcat Petroleum PLC\n 31 March 2022\n \n \n \n 31 March 2022\n \n WILDCAT Petroleum Plc\n \n (\"Wildcat\" or the \"Company\")\n \n \n Interim results for the period from 1 July 2021 to 31 December 2021 \n \n Wildcat Petroleum Plc (\"WCAT\" or \"the Company\") is targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, announces its interim results for the six-month period ended 31 December 2021.\n \n Results for the period\n For the period 1 July 2021 to 31 December 2021, the results include the on-going running costs in connection with being a listed company as well as adviser fees. In September the Company appointed Guild Financial Advisory Limitedto primarily advise WCAT on its obligations as a public company as it continues to execute on its oil strategy.\n During this period under review the Company was severely restricted in its efforts to secure a suitable hydrocarbon asset by the continuing travel restrictions caused by Covid.\n The Company was however able to lay the foundations of a deal pipeline for when travel restrictions end. To this end a number of oil consultancy firms were appointed. In November 2021 the services of MDOIL and SIMCO were engaged and in December Striped Horse Resources Ltd was engaged to specifically source opportunities in Angola and Namibia. Hopefully in 2022 the efforts of these will bear fruit. As well as sourcing various opportunities for WCAT to evaluate they may also contribute to any future fund raise by tapping into their investor networks.\n Risks and uncertainties\n The prime objective of the Company is to work and invest in the upstream sector of the petroleum industry - namely exploration, appraisal, development and production of oil and gas. It has also identified opportunities to use Blockchain in its business and (as reiterated in its RNS statement of 23/09/21) will pursue this further once an oil and gas asset has been acquired.\n The Company's stated objectives were outlined in its IPO Prospectus - Namely:\n \"The Company's intention is to either take a minority stake or acquire control of a business, either of which may constitute a Reverse Takeover under the Listing Rules.\n In the event that an Acquisition presents itself which would require the ...