Wildcat Petroleum has entered a collaboration agreement with SFF for exploration in South Sudan, focusing on assets formerly held by PETRONAS, thus enhancing its growth potential in the area.
Wildcat Petroleum, listed on the LSE under the ticker WCAT, witnessed an increase in its share price following the announcement of a collaboration agreement designed for exploration activities in South Sudan. The agreement involves partnering with SFF, an entity wholly owned by the South African government, focusing on evaluating acreage previously acquired by PETRONAS.
The collaborative efforts will primarily aim to assess the petroleum potential of these assets and may explore scenarios for obtaining all or part of said assets. This strategic move follows PETRONAS’s recent decision to withdraw from its existing projects in South Sudan, announced in August 2025.
Mandhir Singh, the chair of Wildcat Petroleum, emphasized the significance of this agreement, stating, “Having secured this agreement with the South African government through its wholly owned entity SFF is excellent news for Wildcat in its endeavours to secure a deal in South Sudan.” He further noted the competitive advantage afforded by collaborating with SFF, indicating that “a tie-up with the SFF can only enhance Wildcat opportunities as the SFF is one of only a handful of companies that has successfully signed a petroleum deal in South Sudan since the country gained independence in 2013.”
In conclusion, the collaboration agreement between Wildcat Petroleum and SFF positions the company favorably in the South Sudanese oil market, especially following PETRONAS’s exit. This partnership offers Wildcat an opportunity to explore previously held assets, potentially expanding its operational scope and market influence in the region.
Original Source: www.proactiveinvestors.co.uk
