WEN 09/05/2008 MINE REL: 0852 HRS Widespread Energy Limited...

WEN
09/05/2008
MINE

REL: 0852 HRS Widespread Energy Limited

MINE: WEN: Widespread Energy advises Kate 1 well underway

New Zealand Exchange Limited
P.O. Box 2959
Wellington

9 May 2008

Dear Sir,

Widespread Energy advises Kate 1 well now in progress

Widespread Energy holds 11.7% of Nelson based oil and gas exploration company Green Gate Limited. After four years engaged in exploration and data analysis, Green Gate determined to drill an exploration well (Kate 1) on the
onshore Kate Anticline oil prospect near Amberley in PEP 38260.

The Rover drill rig, owned and operated by New Zealand based NRG Drilling, arrived on site earlier on site this week after completing a well in the Wairarapa.

It's very pleasing to be able to report that the Kate 1 well was spudded in last night and is already at a depth of 60 metres.

The well is expected to be drilled to a depth of 1,100 metres and should be completed, all going well, within 2 weeks.

For and on behalf of the Board,

Chris D Castle

Onekaka, 9 May 2008