White Nile waits for Sudan deal
White Nile, the cash shell created by the former England spin bowler Phil Edmonds, admitted yesterday that it was still working on its long-awaited oil deal in southern Sudan and its shares would remain suspended.
White Nile's shares raced from 10p to 137p in a matter of days before being suspended more than a month ago while the company secured its deal.
The company was hoping to get a circular out to shareholders by the end of March, at which point the shares would have started trading again. The directors said yesterday that they were continuing to work on the circular and that it would be posted as soon as possible.
Unpaid Debt
- Database Search
- Unpaid Debt A comprehensive overview of the role of the Lundin Consortium in the oil war. ECOS calls upon the Swedish, Austrian and Malaysian governments to investigate whether, as a matter of international law, Lundin, OMV and Petronas 'were complicit in the commission of war crimes and crimes against humanity by others during the period 1997-2003.’ In response, the Swedish Public Prosecutor for International crimes opened a criminal investigation into ‘links between Sweden and the reported crimes’.
- In Depth For more specific information about the Lundin court case please visit the Unpaid Debt dossier.
