White Nile Limited
06 June 2007
White Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas
6th June 2007
White Nile Ltd ('White Nile' or 'the Company')
Sudan Update
White Nile Ltd, the AIM listed oil and gas exploration company, has noted the
press speculation re its Block Ba licence area in Southern Sudan and would like
to provide the following update.
The Company is aware that negotiations in Khartoum between representatives of
the Government of Southern Sudan and the Northern Government, with regard to oil
exploration and production issues in Southern Sudan, have been concluded. It is
understood that the Government of Southern Sudan is involved in continuing
negotiations on a number of other issues and has not yet had the opportunity to
make official comment on the outcome of the negotiations re oil issues.
White Nile's representatives in Juba have been in constant contact with leading
officials of the Government of Southern Sudan, and have been informed that with
regards to Block Ba, White Nile is to be included in a consortium that will
explore and develop the enlarged Block B, which will include White Nile's Block
Ba as well as Block Bb and Bc. It is understood other members in the consortium
will include Total, Kufpec, SudaPet and NilePet, the later two being the
national oil companies of Northern and Southern Sudan respectively.
White Nile is confident that the negotiations have resulted in a positive
outcome for the Company. Its representatives have emphasised that clarity on the
outcome of the negotiations is needed from the Government of Southern Sudan as
soon as possible. They have been informed that an announcement will be made when
the current talks, dealing with issues other than oil, are concluded.
* * E N D S * *
For further information please visit www.whitenile-ltd.com or contact:
Phil Edmonds White Nile Ltd Tel: 0845 108 6060
Jonathan Wright Seymour Pierce Ltd Tel: 020 7107 8000
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477
This information is provided by RNS
The company news service from the London Stock Exchange
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