White Nile Limited
30 May 2007
White Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas
30th May 2007
White Nile Ltd ('White Nile' or 'the Company')
Southern Sudan Update
White Nile Ltd, the AIM listed oil and gas exploration company, is awaiting
official notification from the Government of Southern Sudan as to the conclusion
of negotiations taking place in Khartoum, between representatives of the
governments of Northern and Southern Sudan in regards to oil exploration and
production issues in Southern Sudan. These encompass all oil licence areas in
Southern Sudan including Block Ba, where White Nile has its rights granted by
the Government of Southern Sudan. White Nile has received early indications
that the discussions will establish clarity of title for Block Ba and the
Company will update its shareholders when official clarification has been
obtained.
The Company is also pleased to announce an update on its drilling programme in
Southern Sudan. Its first exploration well, Kedelai-1, situated in Block Ba 200
km north of Juba in the Jonglei State of Southern Sudan, spudded on 19 April
2007. With the onset of the rainy season, activity on the drill site as planned
has been temporarily suspended, with the well at a total depth of 2,408m. The
rig is being cold stacked on the well location and drilling will be resumed at
the beginning of the next dry season - Q4 2007. Following resumption of
drilling, the Company plans to extend Kedelai-1 to approximately 3,000m to
evaluate reservoir objectives in the Aradeiba and Bentiu formations.
White Nile is also preparing additional drilling locations on two further
prospects identified through its initial seismic programme in the Jonglei State.
This is where the Company believes the Muglad Basin, which is productive at
Thar Jath, Mala, Heglig and Unity to the northwest of Block Ba, extends into the
concession area.
Furthermore, the Company is currently concluding plans to perform a 2D seismic
survey in the Pibor Post basin in the eastern part of Block Ba approximately 200
km to the east of the the current drilling operations. Seismic shooting will
begin at the beginning of the next dry season.
* * 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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