Caspian Energy Inc.

April 11, 2007 09:00 ET

Caspian Energy Inc. Appoints a New President

TORONTO, ONTARIO--(CCNMatthews - April 11, 2007) - Caspian Energy Inc. (TSX:CEK)(AIM:CEK) is pleased to announce that Mr. Charles J. Summers, the current Chief Operating Officer, has also been appointed as President of the Company. Mr. William A.G. Ramsay, the resigning President of the Company, will continue to serve as the Chief Executive Officer and Chairman of the Company.

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 Western 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
    Chief Executive Officer and Chairman
    00 7 3272 54 31 27
    Bell Pottinger Corporate and Financial
    Geoff Callow/Algy Rowe
    00 44 (0) 20 7861 3232
    Jefferies International Limited
    Toby Hayward/Oliver Griffiths
    00 44 (0) 20 7618 3500