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Wildcat Petroleum Plc announced on 23 September 2021 the appointment of Guild Financial Advisory Limited as its Financial Advisor. The Company clarified that its Blockchain activities and possible token offering will not take place before it acquires an upstream oil and gas asset and publishes a prospectus. Wildcat also reported a cash balance of £358,000 as of the year ended 30 June 2021 and plans to release its accounts for that period shortly.
| Date | 23 Sept 2021 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 6601M |
23 September 2021
Wildcat Petroleum Plc
("Wildcat" or the "Company")
Appointment of Financial Adviser
Update re: Blockchain activity
Notice of Results
Wildcat Petroleum plc (LSE: WCAT), which is targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, today provides the following update.
The Company is pleased to announce that it has strengthened its professional advisory team with the appointment of Guild Financial Advisory Limited ("Guild") as its Financial Advisor. Guild will primarily advise WCAT on its obligations as a public company as it continues to execute on its oil strategy over the coming months.
Wildcat would also like to clarify that its Blockchain activities and possible token offering (see RNS dated 24 March 2021) will not take place before the Company has implemented its investment strategy to acquire an upstream oil and gas asset and it has published a prospectus in line with its Listing Rules obligations. The Company emphasises that the launch of a token will depend on the regulatory environments at the time, as well as obtaining approval from appropriate regulatory authorities. Wildcat has been hampered in its pursuit of an oil asset due to COVID-19 related travel restrictions. However, with the easing of travel restrictions due to vaccination roll-outs, Wildcat is confident that it can achieve an oil deal in due course.
The Company is planning to release its accounts for year ended 30 June 2021 shortly. As at the year-end, cash was £358,000, which is significantly below the current market capitalisation of the Company.
Enquiries:
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Wildcat Glyn Roberts |
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Guild Financial Advisory Ross Andrews |
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Yellow Jersey (Investor Relations) Joe Burgess |
+44 (0)20 3004 9512 |
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 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.
https://www.wildcatpetroleum.co.uk/