White Nile Limited
16 February 2005
White Nile Ltd ('White Nile' or 'the Company')
Acquisition of oil assets and request for suspension
White Nile Limited has concluded an agreement with the Government of South
Sudan, through its national oil company Nile Petroleum Company Limited, to
acquire a 60 per cent. interest in the 67,500 sq km Block Ba, which contains
part of the Muglad basin in South Sudan.
Full information on this transaction will be published as soon as possible and
pending such publication the directors of White Nile have requested a temporary
suspension of trading on AIM of the Company's shares. The Company anticipates
publishing full information by the end of Friday 18 February.
This information is provided by RNS
The company news service from the London Stock Exchange