Notice of Results and Annual Meeting
May 04 2005 - 12:07PM
UK Regulatory
4 May 2005
NOTICE OF FIRST QUARTER RESULTS AND ANNUAL MEETING
Nelson Resources Limited (TSX / AIM: NLG), a leading independent oil exploration
and production company operating in Kazakhstan, will announce its first quarter
results on Monday 16 May 2005.
There will be a presentation to analysts, at 9:30am BST (8:30am UTC, 4:30am EDT)
on the day, hosted by Nelson's Chief Executive Officer Nick Zana, at the offices
of Bell Pottinger Corporate & Financial - 6th Floor, Holborn Gate, 330 High
Holborn, London WC1V 7QD. Instructions for listening to this presentation will
be available on Nelson's website at www.nelsonresources.com.
In addition, there will be a conference call, also hosted by Mr Zana, at 2:30pm
BST (1:30pm UTC, 9:30am EDT). Instructions for participating in the call will
also be available on Nelson's website. 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.
The Company also announces that the Annual and Special General Meeting of
Shareholders will be held on 10 June, 2005, at 10:00am local time (1:00pm UTC),
at Chancery Hall, 52 Reid Street, Hamilton, Bermuda. The Company intends to mail
the 2004 Annual Report and Management Proxy Circular to shareholders on 10 May
2005. Further copies of the report and circular may be obtained after this date
from Commonwealth & British Services Limited, 19 Berkeley Street, London
W1J 8ED, and the documents will be available for public inspection at this
address.
For further information, please contact:
----------------------------------------
Fred Hodder, Senior Vice President Tel: 020 7495 8908
Nelson Resources Limited fhodder@nelsonresources.co.uk
Nick Lambert / Paddy Blewer Tel: 020 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 1,100
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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