Agriterra Ld Regulatory News (AGTA)

14 Jun 2007 16:18

White Nile Limited14 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 tomake the following statement in the light of continued speculation regarding theBlock Ba licence area in Southern Sudan. White Nile has been assured by representatives of the Government of SouthernSudan that an agreement with the Government of Khartoum has been reached withregard to its Block Ba oil concession. In this respect White Nile has beeninformed that it is to be included in a consortium that will explore and developthe 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: Total35%, White Nile 25%, the Kuwait Foreign Petroleum Exploration Co 20%, SudaPet10% and NilePet 10%, the latter two being the national oil companies of Northernand Southern Sudan respectively. White Nile representatives are seeking further clarity on the situation and theCompany 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 LtdTel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange