Business
Directorship Changes
Directorship Changes.
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[{"type":"text","content":"\n RNS Number : 5554J White Nile Limited 04 December 2008 \n \nWhite Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas\n4 December 2008\nWhite Nile Ltd ('White Nile' or 'the Company')\nDirectorship Changes\n\nWhite Nile Ltd, the AIM traded oil and gas exploration company, announces that Mr Edward Lino and Dr Lual Deng are ceasing to act as Non-executive Directors with immediate effect. This decision has been taken following the Company's EGM held on 11 November 2008 at which a resolution was passed to amend the Company's articles of association with the effect that Nile Petroleum Corporation Limited's ('NilePet') 155,000,000 ordinary shares were converted into deferred, non-voting shares. \n\nMr Lino and Dr Deng had been appointed to the Board as representatives of NilePet, and given that the deferral of NilePet's shares has now been formalised, pending such time as clarity of title is achieved in respect of the Block Ba oil concession in Southern Sudan, it was decided that in these circumstances it would be sensible, logical and appropriate for Mr Lino and Dr Deng to vacate their respective directorships, with immediate effect. \n\nThe Board wish to sincerely thank Mr Lino and Dr Deng for all their work and advice over the years and wish them well for the future.\n\nIn addition, the Company announces that Mr Michael Pelham has been appointed to the Board, as a Non-executive Director, with immediate effect. Mr Pelham is the Company's current General Manager in Southern Sudan, and as such will continue to be tasked, during his appointment, with liaising with the Government of Southern Sudan with a view to reaching a resolution concerning the ongoing title uncertainty issues, in a form agreeable to all parties involved.\n\nMr Pelham is a Zimbabwean national and has worked in various countries across Africa throughout his 18 year career. Before joining White Nile as Operations Manager in 2006, Mr Pelham held the position of Operations Liaison Manager at Ardan Safaris, and whilst in this role built strong significant relationships with local Government officials and decision makers across southern, central and east Africa. Mr Pelham has a wealth of experience in project management, environmental consultancy, construction and risk management accumulated through his current directorship positio...