VOL. XLVII

No 21

24-May-2004

CASPIAN

Nelson Resources Acquires 60% In Chaparral Resources From CAIH

Canadas Nelson Resources announced on 17 May that it had acquired 60% in Delaware-based Chaparral Resources Inc through the purchase of shares from the Central Asian Industrial Holdings NV, a Kazakh banking group. Chaparrals sole asset is a 60% controlling interest in the Karakudukmunai (KKM) joint stock company with Kazakhstans state-owned oil company KazMunaiGaz. KKM is operator of the onshore...