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Strategies & Market Trends : Chaparral (CHAR) - Russia (Kazakhstan) oil play -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (9)	1/19/2006 8:13:32 PM
From: Skywatcher	Respond to of 13

Just an expression....CHAR is really a BB light and dark...meaning with real listing on bigger exchanges they MUST reveal so much more about what the hell is going on with a company...that always helps CC

To: Jon Koplik who wrote (9)	1/24/2006 12:36:24 PM
From: Skywatcher	Respond to of 13

TERRIBLE NEWS this morning...just got CHARbroiled Chaparral Resources announces new Chief Executive Officer and temporary suspension of drilling activity Tuesday January 24, 10:42 am ET WHITE PLAINS, NY, Jan. 24 /PRNewswire-FirstCall/ - Chaparral Resources, Inc. (OTCBB: CHAR - News; the "Company") today announced that the Board of Directors of the Company has elected Boris S. Zilbermints, a current Director of the Company, as Chief Executive Officer of the Company to replace Simon Gill who resigned following the merger of the Company's former majority shareholder, Nelson Resources Limited ("Nelson"), with and into Caspian Investments Resources Ltd. ("Caspian"), a wholly-owned subsidiary of LUKOIL Overseas Holding Ltd. ("Lukoil"). Mr. Zilbermints is Lukoil's Regional Director for Kazakhstan. ADVERTISEMENT The Company also announced today that its operating subsidiary in Kazakhstan, JSC Karakudukmunay ("KKM"), has temporarily suspended the drilling of new wells in the Karakuduk Field. This temporary suspension is the result of the unexpected decision by Oil and Gas Drilling and Exploration of Krakow ("OGEC") not to renew its current drilling contract with KKM which had expired on December 31, 2005. OGEC is now in the process of finishing demobilizing the rig from the Karakuduk Field. The Company is using its best efforts to secure another rig to replace the OGEC rig as quickly as possible and plans to resume its drilling program as soon as a new rig can be secured. However, it is uncertain at this time when the Company will be able to resume its 2006 drilling program. The drilling campaign delay could potentially lead to lower than anticipated 2006 production levels. In the meantime, the Company will continue with its current workover operations and other field development and production activities. Mr. Zilbermints, the Company's CEO, stated that "The temporary suspension of drilling activities will permit KKM to conduct a detailed analysis of the geological data from its recently drilled wells and will also enable KKM's ongoing facilities development program to keep pace with current and future productive capacity."