Wildcat Petroleum Plc (LON:WCAT) has made the following statement today.
The current political unrest in the Republic of Sudan which flared up on the 15th 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 The above map (which should be treated as an historical document) indicates the location of these fields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.
Wildcat Petroleum (LON: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.
