UK 06:08 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
On Friday 17 March 2023 Wildcat Petroleum (WCAT) of the Standard List sewer published its half year numbers. On Saturday in two articles HERE and HERE I detailed the EIGHT material errors within those statements which meant the P&L, balance sheet and cashflow statement were all wrong. I alerted advisor Ross Andrews to those articles on Saturday morning suggesting a Monday morning restatement was needed.
Earlier today I showed you 6 schoolboy errors in the interims from Wildcat Petroleum (WCAT) which meant that the P&L, balance sheet and cashflow statement were all wrong and must surely be restated on Monday morning. But it gets worse, much worse.
I noted yesterday the discrepancies in the Wildcat Petroleum (WCAT) interims released that day around the share issue proceeds. A more detailed review reveals 6 schoolboy errors in its cashflow statement and another elsewhere. The interims should be restated to correct the numerous material errors. Or maybe putting out utterly fake numbers is okay these days?
At 1.1p Wildcat Petroleum (WCAT) is capitalised at £26.4 million. Its results for the six months to 31 December are out today and are – as you might expect – piss poor. I wonder if anyone owning shares in this Standard Listed dog can read a balance sheet?
Of course, Wildcat Petroleum (WCAT) lied to investors with its very first RNS as a quoted company so what follows suggests that this wild cat is a leopard and its spots have not changed.
This is simply shocking. The proven reserves Wildcat Petroleum (WCAT) owns are zero. Nil. Rien. Yet in emails boss Mandhir Singh has been pinging out which have fallen into the hands of Winnileaks he is claiming that his company is “billion (sic) of barrels of oil”. And after a massive pump last week. Guess what….
You will remember: this is the company that lied in its very first RNS, claiming to have raised cash when it had not. It then engaged in spoofery, stating that it was going to help companies with imaginary oil reserves, and monetize those fictitious assets via crypto/blockchain technology; the shares subsequently raced up to 4p. Now, it is again trying an E&P reversal, but a cash crisis is looming. Do the math!
A day after its lie-infested results announcement, Wildcat Petroleum (WCAT) has yet to put out a correction. Instead, we are treated to its quarterly newsletter, which might as well be an April Fool, or written from Alice’s Wonderland but instead is authored by “Mr T.C., the virtual representative of Wildcat Petroleum in these times of social distancing & restricted travel”. Jeepers.
The company that lied in its first-ever RNS has served up results for the six months to December 31, which contain, guess what? Yes. You got it. More lies. And these are material.
One year and one month after Wildcat Petroleum (WCAT) lied about having raised £600,000 and took its place among the worthless joke companies on the Standard List, its long promised RTO of an E&P asset is still nowhere to be seen. However, nearly all of the money which did come in after spiv investors flipped the shares they had been issued without paying for, has now been spunked. Cash is now well under £200,000 so serious spoofing is needed.
I am sure that Mr. Roberts is a clean-living sort of fellow but the release to which he puts his name today appears to be written by someone who is high as a kite. It is truly bonkers. The headline is “Review of 2021” the subhead is “CATFLAP”. Roberts then goes down the white rabbit hole. It is insane.
Wildcat Petroleum (WCAT) is the Standard Listed company that lied in its very first RNS exactly one year ago today. More importantly it is rapidly running out of cash, as I noted here, having failed to get anywhere close to executing an RTO as promised 12 months ago. It gets worse.
This horrible company which, as we exposed, lied in its very first RNS on December 30th 2020 repeated that same lie today.It is shameless. Or perhaps its morally bankrupt PR dirtbags at Yellow Jersey enjoy posting serial lies? The company was going to announce its results for the year to June 30 In October, then in the week starting November 29 but finally they are out. A masterclass in pointless bullshit from scumbags who offer no explanation for the delay.
