Wildcat Petroleum Plc (GB:WCAT) has released an update.
Wildcat Petroleum Plc has successfully signed a Memorandum of Understanding (MOU) with South Sudan’s Ministry of Petroleum to collaborate on the development and commercial exploitation of hydrocarbon fields until 2028. The agreement includes forming a Production Sharing Service Agreement and establishing a working party to select and develop suitable fields. Despite the disappointment of not securing the Bamboo field in North Sudan, the company has awarded 20 million warrants to Dr. Omar for his role in facilitating the South Sudan deal.
For further insights into GB:WCAT stock, check out TipRanks’ Stock Analysis page.