Wildcat Petroleum Plc announced after a recent very successful trip to South Sudan, the Company announced that it has signed an MOU with the Ministry of Petroleum (MOP) covering the following: To establish a collaboration agreement to form a Production Sharing Service Agreement (PSSA) between the MOP and WCAT to work together to advance the development and commercial exploitation of the hydrocarbon assets in selected fields in the Republic of South Sudan. A working party made up of members of both WCAT and MOP will be established to select suitable fields for development and agree suitable terms and conditions. The MOU is valid to May 31, 2028 and recognises the current status of existing Exploration and Production contracts in South Sudan including pre-emption rights.

It can be terminated on 30 days' notice by either party.