Wildcat Petroleum (LON:WCAT) have published a clarification on its location.
The oil ministry has relocated to Port Sudan due to the on-going conflict in Sudan. The Sudanese oil sector has not been affected to any great extent. The amount of oil South Sudan is pumping through the Sudanese pipeline to Port Sudan has actually doubled since the conflict began on the 15th April.
The Company is now fully engaged with the Ministry of Energy and Oil in order to get a deal signed, hopefully by the end of the year.
Read the full article here.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.
