OilVoice - White Nile Provides Sudan Update

White Nile Provides Sudan Update

Thursday, June 14, 2007

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.