Nelson Resources Ltd. of Bermuda today announced that the Ontario Securities Commission has notified Nelson that the regulator is conducting an investigation of the trading in the shares of Nelson.

The OSC advises that the investigation is prompted by the takeover of Nelson by OAO Lukoil of Russia on Sept. 30, 2005.

In a statement released today, Nick Zana, president and CEO of Nelson, said that “as I mentioned in the October 3, 2005 investor teleconference, I welcome an investigation of all of the trading activity that occurred prior to Lukoil’s approach. We have presented information to the OSC on this matter and will continue to fully cooperate with the OSC in its investigation.”