Stmnt re Share Price Movement

30 May 2007 15:40

White Nile Limited30 May 2007 White Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas 30th May 2007 White Nile Ltd ('White Nile' or 'the Company') Share Price Movement White Nile Ltd, the AIM listed oil and gas exploration company, in the light ofthe fall in the Company's share price, has asked the Government of SouthernSudan to issue, at the earliest opportunity, a statement clarifying theconclusion of the negotiations in Khartoum between themselves and the NorthernGovernment, with regard to oil exploration and production issues in SouthernSudan, as referred to by the Company on RNS earlier today. It is understood that the Government of Southern Sudan is involved in continuingnegotiations on a number of other issues and has not yet had the opportunity tomake official comment on the outcome of the negotiations re oil issues. WhiteNile remains confident of a positive outcome and hopes that it will be able toprovide further information, as soon as possible, on its rights in Block Ba,awarded to White Nile by the Government of Southern Sudan. * * E N D S * * For further information please visit www.whitenile-ltd.com or contact: Phil Edmonds White Nile Ltd Tel: 0845 108 6060Jonathan Wright Seymour Pierce Ltd Tel: 020 7107 8000Hugo 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