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INVESTMENT
Wildcat Petroleum

announces backing from
natural resources specialist

investor Waterford

Wildcat Petroleum has announced backing from
natural resources specialist investor, Waterford
Finance and Investment. The owner of Water-
ford, 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.
The Waterford Group was established in 1995
as an investment vehicle for Michael Kroupeev.
Waterford invests mainly in up-stream petro-
leum projects and since its inception, the fund
has invested in over a dozen such projects, both are highly innovative and motivated which fits of Sintana. “This transaction in our emerging,
public and private. In London, the company with our own attitude and investment approach. globally significant deepwater province brings
has invested in listed petroleum companies The can-do attitude of the company as well as its partnership with an aligned, highly experienced
including Emerald Energy, Dana Petroleum, high ambition gives us confidence that Wildcat and committed deep water drilling operator.”
Anglo-Siberian, EuroSov Petroleum, Gulfsands has the potential to become the next successful “This partnership demonstrates the contin-
Petroleum, Sterling Energy, Petroceltic and Sibir African mid-tier oil company.” uing emergence of Namibia as an important
Energy. Waterford will subscribe for 10mn new ordi- hydrocarbon province and the timeliness of our
Wildcat will be able to draw upon Kroupeev’s nary shares in Wildcat at a price of GBP0.005 per entry in March of this year,” said Robert Bose,
extensive experience of managing listed oil com- share for a total consideration of GBP50,000. President and Director of Sintana. “We look for-
panies as well as raising finance and negotiating Wildcat Petroleum, October 3 2022 ward to the near-term exploration activity on
significant petroleum sector deals. Wildcat will PEL 90.”
seek to leverage the extensive financial and Namibian affiliate of Sintana Energy, October 4 2022
petroleum network Kroupeev has built up over
the last 30 years, working with major investors, Sintana Energy completes
funds and major oil companies. PERFORMANCE
Mandhir Singh, Chairman of Wildcat, transaction in respect to
commented: “The management of Wildcat is Victoria Oil & Gas
delighted to secure the backing of such a suc- its interest in PEL 90
cessful and experienced partner. The support announces operational
provided by Waterford and Kroupeev and their Sintana Energy has announced that Trago
extensive networks will help to accelerate the Energy, a Namibian affiliate of the Company, has and corporate update
process of Wildcat becoming a profitable, pro- completed a transaction with Chevron Namibia
ducing oil company with a high impact explo- Exploration, a wholly-owned subsidiary of Victoria Oil & Gas, whose wholly owned subsid-
ration division. This relationship will also allow Chevron, in respect of its interest in Petroleum iary, Gaz du Cameroun (GDC), is the onshore
Wildcat to tackle significant oil projects. With oil Exploration License 90 (PEL 90) located in the gas producer and distributor with operations
energy prices at historical levels WCAT remains Orange Basin in Namibia. located in the port city of Douala, Cameroon,
laser focused on securing a stake in a significant Trago will retain a 10% interest in PEL 90 on has provided shareholders with a brief update
African oil-producing asset ASAP.” Block 2813B. Chevron will carry Trago through on operations and corporate matters.
Mikhail Kroupeev, Founder and owner of initial exploration activities including 3D seis- Logbaba: Gas production continued in July
Waterford, commented: “We believe that Wild- mic and drilling of the first exploration well. Post and August at strong levels of above 5.5 mcf
cat Petroleum are part of what will likely be the the carry period, Trago will be responsible with per day, including the usually slower month of
next generation of successful oil Industry play- approved expenses associated with its interest. August, which was 10% up on last year.
ers, focused particularly on the opportunity in Additional terms of the transaction have not Matanda: Well site and access road civil works
Africa. Waterford is glad to be aboard near the been publicly disclosed. preparations continue with the primary focus on
beginning of the journey during which Wild- PEL 90 represents one of the most exciting community engagement along the access road,
cat has the potential to turn itself into a major exploration opportunities in the Orange Basin whilst contractors wait for the rainy season to
force in the African upstream Petroleum sector. sitting directly above TotalEnergies’ Venus-1 oil come to an end. We have not yet been able to
We will provide Wildcat with all the support discovery. conclude a contract on acceptable terms with the
it requires directly and through our network “We are very happy to partner with Chev- rig owner of the Chad-based rig mentioned in
so that it can achieve its ambitious strategic ron in the Orange Basin,” said Knowledge Katti, earlier publications, so the Company is pursu-
objectives. The management of the company Chairman and CEO of Trago and a Director ing an alternate from the tendering exercise. The

P18 www. NEWSBASE .com Week 40 06•October•2022