Notice of Results
February 24 2005 - 8:52AM
UK Regulatory
24 February 2005
NOTICE OF RESULTS
Nelson Resources Limited (TSX / AIM: NLG), a leading independent oil exploration
and production company operating in Kazakhstan, will announce its full year
results for the 12 months ended 31 December 2004 on Thursday 31 March 2005.
There will be a presentation to analysts, at 9:30am BST on the day, hosted by
Nelson's Chief Executive Officer Nick Zana, in the Gold Room, No. 1 Cornhill,
London, EC3A 3ND.
In addition, there will be a conference call, also hosted by Mr Zana, at 3:30pm
BST (9:30am EST). Instructions for participating in the call will be available
from Nelson's website at www.nelsonresources.com. Alternatively, please contact
Paddy Blewer or Olav Svela at the numbers below.
If you are unable to join the call, a replay will be available from Nelson's
website approximately two hours after the call ends.
For further information, please contact:
----------------------------------------
Nick Lambert / Paddy Blewer Tel: +44 20 7861 3232
Bell Pottinger Corporate & Financial (London)
Olav Svela, Vice President Tel: +1 416-868-1079
Cavalcanti Hume Funfer Inc. (CHF Inc., Toronto) Fax: +1 416-868-6198
olav@chfir.com
Notes
Nelson Resources Limited is an oil exploration and production company with
operations in the Republic of Kazakhstan. The Company established its presence
in the Kazakhstan oil sector in 2000 and its management team, comprising both
international and Kazakh executives, has extensive experience of the Kazakh
operating and regulatory environment. The Company owns 50% of Kazakhoil Aktobe
LLP (KOA), a 50/50 joint venture between Nelson and Kazmunaigas, the national
oil company of Kazakhstan, which is developing the Alibekmola and Kozhasai
fields. The Company owns a 50% participatory interest in the North Buzachi oil
field located in western Kazakhstan (50% Nelson, 50% CNPC International
(Buzachi) Inc.). In May 2004, Nelson purchased 60% of Chaparral Resources Inc.,
which has a 60% interest in the joint stock company Karakudukmunai, operator of
and owner of a 60% interest in the Karakuduk field. In January of 2005, Nelson
acquired the 40% interest in this field previously owned by Kazmunaigas,
bringing the Company's aggregate ownership interest in the field to 76%. In
February 2005, the Company also acquired a 50% interest in the Arman field, with
the other 50% held by Shell. The Company also holds an option to acquire a
minimum 25% participatory interest in two Caspian Sea offshore blocks, Zhambai
South and South Zaburunye. The Company maintains its operational office in
Almaty, Kazakhstan, which oversees the field joint ventures in western
Kazakhstan. Nelson and its affiliated companies employ approximately 800 people.
Common shares of Nelson are listed on the Toronto Stock Exchange and London's
Alternative Investment Market under the symbol NLG.
Further information on Nelson Resources can be found on the Company's website at
www.nelsonresources.com.
END
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