Caspian Energy Inc.
TSX VENTURE : CEK.H

Caspian Energy Inc.

September 26, 2013 11:31 ET

Caspian Energy Inc. Announces Director Resignation

CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Caspian Energy Inc. (the "Company") (TSX VENTURE:CEK.H) announces that Mr. Adil Mukhamedzhanov has resigned as a director of the Company, effective as of September 25, 2013.

About Caspian Energy Inc.

Caspian Energy Inc. is an oil and gas exploration company operating in Kazakhstan where it has a number of targets in the highly prospective Aktobe Oblast of Western Kazakhstan. Caspian Energy holds these assets by virtue of its 40% equity stake in Aral Petroleum Capital LLP (which as noted in Caspian's material change report of June 24, 2013 will be reduced to 33.5% upon satisfaction or waiver of all conditions precedent in a purchase and sale agreement). Aral Petroleum Capital LLP holds an exclusive license, which entitles it to explore and develop certain oil and gas properties known as a "North Block", and area of 1500 sq.km. As well as a 25-year Production contract for the East Zhagabulak field. The Company's license area lies immediately adjacent to the various producing fields, including the Alibekmola, Zhanazhol, and Kenkiyak fields.

Contact Information

  • Caspian Energy Inc.
    William Ramsay
    President and Chief Executive Officer
    44 (0)773663 1378

    Caspian Energy Inc.
    Brian Korney
    Chief Financial Officer
    (403) 513-3375