8th Nov 2005 15:25
8 November 2005 NELSON RESOURCES LIMITED SETS THIRD QUARTER RESULTS RELEASE DATE Nelson Resources Limited ("Nelson") of Bermuda (TSX / AIM: NLG), a leading oilexploration and production company operating in Kazakhstan, will announce itsresults for the three and nine months ended September 30, 2005, on Monday,November 14, 2005.Nelson's third quarter report will be available on this date from the Company'swebsite, www.nelsonresources.com, or from SEDAR, www.sedar.com.For further information, please contact:----------------------------------------Fred Hodder Tel: +44 20 7495 8908Nelson Resources Limited [email protected] Relations:Nick Lambert / Paddy Blewer Tel: +44 20 7861 3232Bell Pottinger Corporate & Financial (London) Notes-----Nelson Resources Limited is an oil exploration and production company withoperations in the Republic of Kazakhstan. The Company established its presencein the Kazakhstan oil sector in 2000 and its management team, comprising bothinternational and Kazakh executives, has extensive experience of the Kazakhoperating and regulatory environment. The Company owns 50% of Kazakhoil AktobeLLP (KOA), a 50/50 joint venture between Nelson and Kazmunaigas, the nationaloil company of Kazakhstan, which is developing the Alibekmola and Kozhasaifields. The Company owns a 50% participatory interest in the North Buzachi oilfield 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 ofand owner of a 60% interest in the Karakuduk field. In January of 2005, Nelsonacquired the 40% interest in this field previously owned by Kazmunaigas,bringing the Company's aggregate ownership interest in the field to 76%. InFebruary 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 aminimum 25% participatory interest in two Caspian Sea offshore blocks, ZhambaiSouth and South Zaburunye. The Company maintains its operational office inAlmaty, Kazakhstan, which oversees the field joint ventures in westernKazakhstan. Nelson and its affiliated companies employ approximately 1,100people. Common shares of Nelson are listed on the Toronto Stock Exchange andLondon'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. ENDNELSON RESOURCES LIMITEDRelated Shares:
NLG.L