Blockchain

The company intends to employ the best talent in this fledgling field in order to assist the introduction of Blockchain technology and novel solutions to it’s business.

The following Blockchain related developments have been announced via the London Stock Exchange RNS News Service in the first Quarter 2021 (see 1 to 4 below). The actual News Releases can be found in the News section of this website:

1) On March 1, 2021, the Company announced the appointment of Professor Olinga Taeed as Blockchain Advisor to the Company.

The Directors of Wildcat consider Professor Taeed to be a world leading expert in cryptocurrency and a pioneer within the cryptocurrency and blockchain world, with numerous achievements to his name. He was the first person to achieve a professorship in Blockchain when he was appointed to that position at Birmingham City University in 2018. He is also currently an advisor to the Chinese government, the largest and most developed blockchain market in the world, with a Digital Yuan currently being piloted.

He is presently the Editor in Chief of Frontiers in Blockchain, a prominent peer reviewed blockchain journal and is regularly interviewed by the mainstream media. His prominence in the world of blockchain and cryptocurrencies has even led to an invitation to deliver a speech to the Vatican. In 2017 Professor Taeed was the first person in the UK to conduct an official Initial Coin Offering (“ICO”) aligned with regulation (“Seratio”) and has been involved in over 20 crypto-fundraising projects since.

Professor Taeed will advise and assist Wildcat in our plans to implement blockchain technology within the Oil & Gas business.

2) On March 8th, the Company announced that his organisation CCEG (Centre of Citizenship, Enterprise and Governance) was appointed as Wildcat’s Blockchain Developer and Cryptocurrency Platform Developer.

CCEG being commissioned to firstly produce a report into the application of Blockchain technology to the Upstream sector of the Petroleum Industry and how to best implement this.

More information on CCEG can be found on https://www.cceg.org.uk/

3) On March 15^th the Company announced details of specific Blockchain/crypto trademarks it had applied to trademark. The trademark applications being filed in the following classes:

CLASS 9 – Downloadable cryptographic keys for receiving and spending cryptocurrencies

CLASS 36 – Financial transactions via blockchain

CLASS 42 – Data storage via blockchain; Data authentication via blockchain; Certification of Blockchain; Blockchain as a service (Baas)

4) On March 24^th the Company announced that an Interim Report from the Centre for Citizenship, Enterprise and Governance (“CCEG”) had been completed, received and reviewed by the Company.

The Company reported that the Interim Report highlighted numerous ways in which the application of Blockchain technology could be applied to the sector and that may enhance returns for shareholders. These included:

• First mover advantage, which may enable Wildcat to establish a dominant position within the upstream oil industry in relation to oil assets and tokens;
• Increasing Wildcat’s shareholder base around the world;
• Potential to revolutionise and democratise (i.e enlarge participation in) the oil and gas industry;
• Garnering institutional or sovereign wealth fund support for the project, particularly within oil producing Gulf States where CCEG has already established high level contacts in countries such as the UAE & Saudi Arabia;
• Enhancing shareholder returns via “Airdrops” (i.e issuing free tokens to shareholders);
• Establishing a global presence by registering in Dubai (Gulf investors) & Singapore (Far East investors) and;
• Potential to secure oil assets by the issuance of tokens alongside use of cash, debt or equity.

The Company stated that CCEG had presented the Wildcat Board with a number of possible business models, which the Company might be able to implement and the Board felt that there was a high probability that one or a combination of these models would be viable and would, importantly, be accepted by the Financial Conduct Authority (FCA) and fit within the current UK regulatory framework. As a result, the company mandated CCEG and specialist blockchain lawyers at ‘gunnercooke LLP’ to explore the best ways to drive these ambitions forward. They were mandated to produce a business model which would be acceptable to the FCA as well as to work with the Company in obtaining any registrations and/or authorisations which may be required for the model to proceed.

The Company also announced that in any future blockchain operation, Wildcat would also target investors in the oil rich Gulf States and the Far East, leveraging the extensive relationships that CCEG has established in these regions.

And that the token that Wildcat was looking to launch would likely be linked to barrels of oil in the ground when a suitable oil block had been acquired.

The executive summary of the CCEG report can be accessed via a link in the RNS news release and will also be loaded to the Download section of the website. Please note that commercially sensitive information has been removed from this PDF. The full Report is not being mace public. Our own Glossary of Acronyms used in the Report can be found at the end of this section.