{"id":101935,"title":"Wildcat Petroleum (LON:WCAT) Oil Fund Investment into WCAT & Strategic Advisor","publisher":"Share Talk","author":"sharetalk","published":"2022-10-03T06:59:35+00:00","modified":"2022-10-03T06:59:35+00:00","canonical_url":"https://www.share-talk.com/wildcat-petroleum-lonwcat-oil-fund-investment-into-wcat-strategic-advisor/","markdown_url":"https://www.share-talk.com/wildcat-petroleum-lonwcat-oil-fund-investment-into-wcat-strategic-advisor.md","json_url":"https://www.share-talk.com/wildcat-petroleum-lonwcat-oil-fund-investment-into-wcat-strategic-advisor.json","category":"Energy","categories":["Energy"],"tags":["Angola","appraisal","development","Exploration","Gabriel Simonian","gas","Luanda","Mandhir Singh","Namibia","oil","Petroleum","President João Lourenco","production","Professor Olinga Taeed","upstream","WCAT","Wildcat Petroleum"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2022/03/st-holder.jpg?fit=1536%2C1024&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Wildcat Petroleum Plc** (the “Company” or “Wildcat”) (LSE: WCAT), is pleased to announce backing from natural resources specialist investor, Waterford Finance and investment Ltd (“Waterford”).\n\nThe owner of Waterford, Mikhail Kroupeev will join WCAT as a strategic adviser to its Board of Directors and Waterford will also take a nominal equity stake in Wildcat*.\n\nThe Waterford Group (“Waterford”) was established in 1995 as an investment vehicle for Mr Michael Kroupeev.\n\nWaterford invests mainly in up-stream petroleum projects and since its inception, the fund has invested in over a dozen such projects, both public and private. In London, the company has invested in listed petroleum companies including Emerald Energy, Dana Petroleum, Anglo-Siberian, EuroSov Petroleum, Gulfsands Petroleum, Sterling Energy, Petroceltic and Sibir Energy.\n\nWildcat will be able to draw upon Mr Kroupeev’s extensive experience of managing listed oil companies as well as raising finance and negotiating significant petroleum sector deals. Wildcat will seek to leverage the extensive financial and petroleum network Mr Kroupeev has built up over the last 30 years, working with major investors, funds and major oil companies.\n\nMandhir Singh, Chairman of Wildcat, commented: “The management of Wildcat is delighted to secure the backing of such a successful and experienced partner.\n\nThe support provided by Waterford and Mr Kroupeev and their extensive networks will help to accelerate the process of Wildcat becoming a profitable, producing oil company with a high impact exploration division.\n\nThis relationship will also allow Wildcat to tackle significant oil projects.\n\nWith oil energy prices at historical levels WCAT remains laser focused on securing a stake in a significant African oil producing asset, ASAP.\n\nMIKHAIL KROUPEEV, Founder and owner of Waterford, commented “We believe that Wildcat Petroleum are part of what will likely be the next generation of successful oil Industry players, focused particularly on the opportunity in Africa.\n\nWaterford is glad to be aboard near the beginning of the journey during which Wildcat has the potential to turn itself into a major force in the African up-stream Petroleum sector. We will provide Wildcat with all the support it requires directly and through our network so that it can achieve its ambitious strategic objectives.\n\nThe management of the company are highly innovative and motivated which fits with our own attitude and investment approach.\n\nThe can-do attitude of the company as well as its high ambition gives us confidence that Wildcat has the potential to become the next successful African mid-tier oil company.\n\n* Waterford will subscribe for 10 million new ordinary shares in Wildcat at a price of 0.5p per share for a total consideration of £50,000.\n\nThe new ordinary shares will rank pari passu with the Company’s existing issued ordinary shares. The Company intends to allot and issue these new ordinary shares under its existing authorities on a non pre-emptive basis.\n\nThe Company will be making its application to admit the new ordinary shares to the Official List of the FCA and to trading on the Main Market (Standard List) of the LSE. Admission is expected to occur on 7 October 2022.\n\nConditional on Admission, the Company’s issued ordinary share capital will be 2,410,000,000 ordinary shares, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.\n\n**Enquiries:**\n\n**Wildcat**\n\n**Mandhir Singh**\n\n[msingh@wildcatpetroleum.co.uk](mailto:msingh@wildcatpetroleum.co.uk)"}