Caspian Energy Inc.

December 05, 2006 09:28 ET

Caspian Energy Incorporated: Appointment of Nominated Advisor and Joint-Brokers

TORONTO, ONTARIO--(CCNMatthews - Dec. 5, 2006) - Caspian Energy Inc. (TSX:CEK)(AIM:CEK) today announces that Jefferies International Limited ("Jefferies") has been appointed Nominated Advisor and Joint-Broker, along with Mirabaud Securities as Joint-Broker to the Company with immediate effect. Caspian is dual listed on the Toronto Stock Exchange under the ticker CEK.TO

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).

The Company's licence area lies immediately adjacent to various producing fields, including the Alibekmola, Zhanazhol and Kenkiyak fields.

Contact Information

  • Caspian Energy Inc.
    William Ramsay
    President and Chief Executive Officer
    00 7 3272 54 31 27
    Bell Pottinger Corporate and Financial
    Geoff Callow/Elizabeth Fievet
    00 44 (0) 20 7861 3232