Caspian Energy Inc.

Caspian Energy Inc.

September 24, 2013 12:31 ET

Caspian Energy Inc. Provides Listing Update

CALGARY, ALBERTA--(Marketwired - Sept. 24, 2013) - Caspian Energy Inc. ("Caspian" or the "Company") (TSX:CEK) announces that Caspian's shares have been delisted from the Toronto Stock Exchange ("TSX") and are now listed on NEX. Trading of Caspian's shares is currently suspended as Caspian's securities are cease traded. In order for Caspian's shares to begin trading, the cease trade order on Caspian's securities will need to be revoked and a NEX reinstatement review will need to be completed.

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", an area of 1500 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