WEN13/05/2008MINEREL: 1031 HRS Widespread Energy LimitedMINE:...

WEN
13/05/2008
MINE

REL: 1031 HRS Widespread Energy Limited

MINE: WEN: Widespread Energy provides Kate 1 well update

New Zealand Exchange Limited
P.O. Box 2959
Wellington

13 May 2008

Dear Sir,

Widespread Energy provides Kate 1 well update

Widespread Energy holds 11.7% of Nelson based oil and gas exploration company
Green Gate Limited.

Green Gate is presently drilling an exploration well (Kate 1) on the onshore
Kate Anticline oil prospect near Amberley in PEP 38260, using the Rover drill
rig, owned and operated by New Zealand based NRG Drilling.

Drilling is proceeding more quickly than anticipated and the well is on track
to reach total depth during Wednesday 14 May. Subsequently, wire-line logs
will be run for the purpose of evaluating the strata that have been
penetrated.

All going according to plan a preliminary evaluation of the well should be
completed during Thursday 15 May.

For and on behalf of the Board,