NLG.L Regulatory News (NLG)

24 Feb 2005 13:51

24 February 2005 NOTICE OF RESULTSNelson Resources Limited (TSX / AIM: NLG), a leading independent oil explorationand production company operating in Kazakhstan, will announce its full yearresults 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 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.comNotesNelson Resources Limited is an oil exploration and production company withoperations 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 atwww.nelsonresources.com.END