Mining Exploration Entity Quarterly Report - Sep 2008

A summary of major items of activity for White Energy Company Limited (“WEC”) during the quarter ended 30 September 2008.

Coal Technology Operations
Joint Venture with PT Bayan Resources (WEC 51%)
Cessnock Production Plant
US Development Agreement – NRG and Buckskin Mining
Joint Venture with PT Adaro Indonesia and Itochu Corporation
Coal to Gas; Coal to Liquids Opportunities
Other Business Development Initiatives

Exploration Operations
Bridgetown (White Energy 100%)
Mt Mundy and Glen Ayle Projects