Information  X 
Enter a valid email address

Paladin Resources (PLR)

  Print      Mail a friend       Annual reports

Tuesday 28 September, 2004

Paladin Resources

Analyst Visit

Paladin Resources PLC
28 September 2004

                             Paladin Resources plc

                          ("Paladin" or "the Company")

                         Oil Analysts Visit to Aberdeen

At a presentation to analysts in Aberdeen today, Paladin reaffirmed its
intention to invest in the order of US$500 million on its existing portfolio
over the next four years. This investment is likely to involve a number of UK
and Scandinavian North Sea developments where engineering studies are already
underway, as well as other mature field development opportunities. The Company
anticipates that these developments will raise production to between 65,000 and
70,000 boepd in 2007 and make a material contribution to its booked reserve

A copy of the presentation is available on Paladin's website at

Disclaimer Statement:

Certain statements above are forward-looking and involve risks and uncertainties
that could cause actual results to differ materially from those expressed or
implied by the forward-looking statements. Paladin is under no obligation to
update or revise any forward-looking statements.

                                                               28 September 2004


Paladin Resources plc                                        Tel:  020 7024 4500
Roy Franklin
Cuth McDowell

College Hill                                                 Tel:  020 7457 2020
Nick Elwes

                      This information is provided by RNS
            The company news service from the London Stock Exchange