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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Nelson Resources - Oil E&P hopeful eyeing production of 60,000 bopd by 2008

July 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Following in the footsteps of Aim-debutant Burren Energy is Nelson Resources, another oil E&P firm with excellent prospects in the Caspian Sea region.   Like Burren, Nelson which plans to liston Aim shortly, is forecast to experience a steeply rising production profile through exploiting existing assets, with its share expected to jump from just over 14,000 barrels oil per day (bopd) to 60,000 in 2008, underpinned by proven and probable reserves of 210m barrels.     Nelson, which is currently listed on the Toronto Stock Exchange (market value: £403m), is another to have undergone a transformation from a mining explorer (gold in its case) to oil firm.  Its strategy has been to acquire assets i ...

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