Wildcat Petroleum has announced backing from natural resources specialist investor, Waterford Finance and Investment. The owner of Waterford, 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.
Gulfsands, the operator and joint-owner of a $1.5 billion dollar oil field in Syria, has received a £6.5 million financing facility, the company announced on Tuesday.