Wildcat Petroleum Plc has signed a Collaboration Agreement with the SFF to evaluate South Sudan oil assets previously owned by PETRONAS. This follows an earlier agreement with Nilepet and aims to enhance Wildcat’s market position. The company’s current value is £3.08 million, with a technical buy rating despite a YTD decline of 36.67%.
Wildcat Petroleum Plc has announced a new Collaboration Agreement with the Strategic Fuel Fund Association (SFF) to explore and potentially acquire petroleum assets in South Sudan, previously held by PETRONAS. This agreement builds upon a prior Memorandum of Understanding with Nilepet, indicating Wildcat’s intention to expand its operations in South Sudan. Collaborating with SFF, a well-regarded organization in the region, is expected to enhance Wildcat’s strategic position and operational capacity in the oil sector of South Sudan.
Wildcat Petroleum Plc is engaged in the oil and gas industry, focusing on the exploration, acquisition, and management of petroleum assets. The company aims to identify strategic opportunities within South Sudan, leveraging partnerships to improve its market presence and operational effectiveness. The company’s Year-To-Date price performance is down by 36.67% with an average trading volume of 7,945,390 shares. The current market capitalization stands at £3.08 million with a technical sentiment consensus rating of “Buy.”
Wildcat Petroleum Plc’s partnership with the Strategic Fuel Fund Association marks a significant step in exploring South Sudan’s oil assets. The collaboration not only expands Wildcat’s operational scope but also reinforces its strategic presence in the region, particularly after its engagement with Nilepet. This initiative underscores the company’s ongoing commitment to growth in the competitive oil and gas market.
Original Source: www.tipranks.com
