NLG.L Regulatory News (NLG)

4 May 2005 15:07

4 May 2005 NOTICE OF FIRST QUARTER RESULTS AND ANNUAL MEETINGNelson Resources Limited (TSX / AIM: NLG), a leading independent oil explorationand 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 officesof 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, areplay will be available from Nelson's website approximately two hours after thecall 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 mailthe 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 8908Nelson Resources Limited fhodder@nelsonresources.co.ukNick Lambert / Paddy Blewer Tel: 020 7861 3232Bell Pottinger Corporate & Financial (London)Olav Svela, Vice President Tel: +1 416-868-1079Cavalcanti Hume Funfer Inc. (CHF Inc., Toronto) Fax: +1 416-868-6198 olav@chfir.comNotes-----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, withthe 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 atwww.nelsonresources.com.ENDNELSON RESOURCES LIMITED