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A look at some of the major movers in London on Monday
Wildcat Petroleum PLC (LON:WCAT) jumped 10% to 3.3p after Crown Energy AB got on board concerning a potential initial coin offering.
Wildcat is working on a proprietary and innovative model to monetise hydrocarbon blocks based on Blockchain Technology. The model is currently in development and hopefully, by the end of 2021, the final version will be launched.
Crown Energy has oil blocks in Madagascar, South Africa, and Iraq. These blocks potentially contain 2.5 billion of barrels of oil equivalent of prospective and contingent oil resources. The two parties believe there may be scope to tokenise these prospective oil resources.