Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Paladin Resources (PLR)

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Monday 09 May, 2005

Paladin Resources

Wood Field Update

Paladin Resources PLC
09 May 2005

Paladin Resources plc

DTI Approval for Wood Field Development

Paladin Resources plc announces that its wholly owned subsidiary, Paladin Expro
Limited ("Paladin"), and its joint-venture partner Energy North Sea Ltd., a
subsidiary of Marubeni Corporation, have today received DTI approval for the
development of the Wood oil field, which is located close to the Montrose,
Arbroath and Arkwright ("MonArb") field complex, at an anticipated cost of
approximately £80 million.

The Wood Field was discovered by Amoco U.K. in 1996 by well 22/18-6, which
penetrated 146 ft of oil bearing Jurassic Fulmar Sandstone. The field will be
produced by a single horizontal development well tied back to the existing
Montrose production platform 9.5 km away. A compression module will also be
installed on the Montrose platform to compress and export associated gas from
the Wood Field. Associated gas from the MonArb complex, which is currently being
flared, will in future also be compressed and exported using the new facilities.
Oil from Wood will be transported to shore via the Forties Pipeline System,
whilst gas from Wood and the MonArb complex will be exported via the CATS gas
pipeline system. Production will start in late 2006, peaking at over 5,000 bopd
of oil and 21 MMscfd of export gas.

Joint-venture partner interests in the Wood Field development and in the
Montrose, Arbroath and Arkwright Fields are Paladin Expro Limited (operator)
58.97 per cent and Energy North Sea Ltd. 41.03 per cent.

Colin Reid, Paladin's Aberdeen-based UK General Manager, commented:

"The Wood Field development is further proof of the growth potential which lies
around mature North Sea infrastructure and of how focused innovative companies
can exploit previously discounted opportunities. In this case, a dual benefit
has been realised through the development of the Wood oil and gas reserves and
the sale of gas which would otherwise have been flared."

                                                                      9 May 2005


Paladin Resources plc
Roy A. Franklin, Chief Executive                     Tel: 020 7024 4500
Cuth McDowell, Finance Director
Colin Reid, UK General Manager                       Tel: 01224 615600

College Hill
Jim Joseph                                           Tel : 020 7457 2020

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

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