NLG Arria Nlg Ords

    6 December 2005

                        COMPLETION OF AMALGAMATION AND                         
                       NOTICE OF CANCELLATION OF SHARES                        

Following the approval, announced today by Lukoil Overseas Holding Ltd.
("Lukoil"), by the Registrar of Corporate Affairs of the British Virgin Islands
of the merger of Nelson Resources Limited ("Nelson") with and into Caspian
Investments Resources Ltd., a wholly-owned subsidiary of Lukoil, Nelson has
ceased to exist and all shares of Nelson are cancelled.

Application has been made to the Alternative Investment Market of the London
Stock Exchange to cancel Nelson common shares of par value U.S.$0.01, traded
under the symbol NLG, and this cancellation is expected to take effect at 8am
on Wednesday December 7, 2005.
                                                                               
For further information, please contact:
----------------------------------------
Nick Imboden                                 Tel: 020 7495 8908
Caspian Investments Resources Ltd
                                                                               
END

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