Caspian Energy Inc.
TSX : CEK
AIM : CEK

November 12, 2008 12:00 ET

Caspian Energy Inc. Appoints New Director

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2008) - Caspian Energy Inc. ("Caspian" or the "Company") (TSX:CEK)(AIM:CEK) is pleased to announce that following his election on 24 June 2008, Mr. Maurizio Barnaba has now been appointed to Caspian's board of directors. Mr. Barnaba is currently Managing Director of EFAME Export Ltd., an entity which focuses on trading and providing financial, commercial, marketing and technical consultation in Europe, North Africa and Middle East for Defence and Oil and Gas products. His educational credentials include a Bachelor's degree in Electronic engineering and a further degree in Economics, Finance and Marketing.

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, through a 50% stake in Aral Petroleum Capital LLP.

AIM Rule 17 Disclosures

Additional information on Maurizio Barnaba (59) to be disclosed in relation to Schedule Two paragraph (g) of the AIM Rules for Companies can be found below.

Mr. Barnaba owns 100% and is a Director of EFAME EXPORT LTD which is interested in 8,897,361 shares (7.3%) of the Company.

There are no further disclosures required under the AIM Rules.

Contact Information

  • Caspian Energy Inc.
    William Ramsay
    President and Chief Executive Officer
    00 44 (0)20 7861 3232
    or
    Bell Pottinger Corporate and Financial
    Sarah Williams
    00 44 (0)20 7861 3232
    or
    Jefferies International Limited
    Jack Pryde
    00 44 (0)20 7029 8000
    or
    Jefferies International Limited
    Oliver Griffiths
    00 44 (0)20 7029 8000