Petrokazakhstan Inc. Message Board

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Gold/Mining/Energy : Petrokazakhstan Inc.

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To: forecaster who wrote (2347)	11/30/2003 11:54:38 AM
From: Bread Upon The Water	Read Replies (1) of 2357

Back up the Truck? Nelson Resources (NLG-T)reported a 282% rise in earnings for the 3rd qtr. (5 mil vs. minus 3 mil a year ago). Stock price rose from 90 cents Canadian to $1.22 (.94 US) Company just secured a 60 million development loan from BNP Paribas (Suisse). Nelson owns a 50% interest in a Kazak field that has 239 million barrels proven/probable & estimate of 168 million possible. Current production 15k bopd. Target 17-18k by year's end. Also owns a 25% participatory interest in a South Caspian Sea exploratory block (Iran may be contesting all rights in this area). Also in discussions with a subsidiary of China National Petroleum for participation in Western Kazakhstan's N. Buzachi oil field. Time to load up? (I own Nelson.)

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