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In March 2008 White Nile took a 49% stake in CAMEC Kenya, a Kenyan subsidiary of Central African Mining and Exploration Company Plc in return for funding 49% of the past and future costs. CAMEC Kenya has a Production Sharing Contract (“PSC”) with the Government of Kenya to explore and develop the hydrocarbon potential of Block 11, a 25,000 sq km block located in north west Kenya, which immediately abuts the Southern Sudan border and is contiguous to our PSA area in Ethiopia
Block 11 lies between Lake Turkana and the international borders with Sudan in the north west, Uganda in the west and Ethiopia in the north. It straddles the so-called Turkana Depression and includes the sedimentary basins of Gatome and Lotikipi. The Turkana Depression is a zone of interaction between three rift systems: