UK 05:11 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Having dealt with its bogus profits and inaccurate interims earlier, I now turn to the RNS issued on 16 October 2023 by Wildcat Petroleum (WCAT), a company that lied in its very first RNS as a listed company. With hindsight was the statement of 16 October also a lie or, at best, misleading?
In the six months ended 31 December 2023 Wildcat Petroleum (WCAT) reported a profit of £131,000. I suggest that it did so by breaking accounting rules and that was not the only schoolboy error in today’s interims.
If Wildcat Petroleum (WCAT) was on the AIM sewer a Nomad would need to approve its RNS releases and even London’s Worst Nomad, Roland “Fatty” Cornish, who is celebrating lent by having only 11 courses rather than 12 at luncheon, would not sign off on the crap the company pumps out. But it is on the Sub Standard list so it can make statements that appear just not to be true or are, at best inaccurate and questionable and the regulators at the FCA will jerk off on ESG porn and do nothing about it at all. Today is a scorcher.
I do hope that the FCA is, as I urged the other day, investigating comments made in the past ten days by Wildcat Petroleum (WCAT) chairman Mandhir Singh in private telegram groups. It should be. Meanwhile as rumours swirl of yet another heavily discounted bailout placing, Wildcat has published its latest monthly newsletter.
Last night Wildcat Petroleum (WCAT) was forced, by the FCA, I Suspect, to issue a groveling RNS admitting that its Chairman and CEO Mandhir Singh had, in effect, lied to investors on a Director’s Talk podcast. But this is the tip of the iceberg. I have written to the FCA which is the regulator of the Standard list.
Rather like a celeb caught making sexist comments on social media and forced unto a grovelling apology, Mandhir Singh of Wildcat Petroleum (WCAT) has been caught telling complete lies and after hours yesterday came the confession via RNS. A “clarifying statement” is how the RNS is headed. It should be “Mandhir is a fucking liar.”
I told you all, repeatedly, that a) Wildcat Petroleum (WCAT) was running on vapours, b) that it was a worthless POS and c) that no serious investor would touch this with a bargepole and that any bailout would thus be a hugely discounted offering for flippers only. Well guess what folks: it’s ouzo on cornflakes tome for me, more poverty for those who think they know better than I do.
Wildcat Petroleum (WCAT) lied in its first RNS, claiming to have raised £600,000 pre IPO when, in fact, the cash arrived only after the IPO so allowing punters to sell their stock into a pump and pay for it afterwards. That should have told you everything. At peak ramp just over two years ago the shares were 3.7p. Today they have slumped by 22% to 0.35p but guess what?
This morning (sub) Standard Listed Wildcat Petroleum has told a blatant lie, not its first of course, as it has restated its interims. Worse still it has still made a howling schoolboy error! Let us start with its latest porky pie.
