Caspian Energy Inc.

March 21, 2007 09:00 ET

Caspian Energy Inc. Appoints a New Director

TORONTO, ONTARIO--(CCNMatthews - March 21, 2007) - Caspian Energy Inc. (TSX:CEK)(AIM:CEK) is pleased to announce today that Mr. Adil Mukhamedzhanov has been appointed to Caspian's board of directors. Mr. Mukhamedzhanov has served as Deputy General Director for Aral Petroleum Capital LLP ("Aral") in Kazakhstan since March 2004. Caspian has a 50% stake in Aral. Mr. Mukhamedzhanov worked in the project management department of JSC KazTransOil and the consulting and corporate finance department of Deloitte & Touche Central Asia. Mr. Mukhamedzhanov has a B.A. in Finance and Accounting from the University of Nottingham in the United Kingdom, and an economics degree specializing in International Finance from the Kazakhstan Economic University.

Caspian is an oil and gas exploration and development company, operating in Kazakhstan where it has a number of targets in the highly prospective Aktobe Oblast of Westen Kazakhstan. The Company holds an exclusive licence which entitles it to explore and develop certain oil and gas properties known as the "North Block", an area of 3,458 square km. This is through a 50% stake in Aral Petroleum Capital LLP (a joint venture set up in 2004 between Caspian and Azden Management).

There are no disclosures required under the AIM Rules.

Contact Information

  • Caspian Energy Inc.
    William Ramsay
    President and Chief Executive Officer
    00 7 3272 54 31 27
    Bell Pottinger Corporate & Financial
    Ann-marie Wilkinson/Geoff Callow
    00 44 (0) 20 7861 3232
    Jefferies International Limited
    Toby Hayward/Oliver Griffiths
    00 44 20 7618 3500