White Nile Limited
14 June 2007
White Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas
14th June 2007
White Nile Ltd ('White Nile' or 'the Company')
Sudan Update
White Nile Ltd, the AIM listed oil and gas exploration company, would like to
make the following statement in the light of continued speculation regarding the
Block Ba licence area in Southern Sudan.
White Nile has been assured by representatives of the Government of Southern
Sudan that an agreement with the Government of Khartoum has been reached with
regard to its Block Ba oil concession. In this respect White Nile has been
informed that it is to be included in a consortium that will explore and develop
the enlarged Block B, which will include Block Ba as well as Blocks Bb and Bc.
It is understood that the divisions in the consortium will be as follows: Total
35%, White Nile 25%, the Kuwait Foreign Petroleum Exploration Co 20%, SudaPet
10% and NilePet 10%, the latter two being the national oil companies of Northern
and Southern Sudan respectively.
White Nile representatives are seeking further clarity on the situation and the
Company will update the market once this has been provided.
* * 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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