Caspian Holdings plc
LON:CSH ISIN:GB00B0358H47
Caspian Holdings focuses on developing shallow oil fields in Kazakhstan and the onshore region around the Caspian Sea. The Caspian Basin is a prolific hydrocarbon province and one of the fastest growing regions for oil production. Caspian currently holds 100% of the Zhengeldy oil field which has reserves of 13.2 m barrels ("bbls").Caspian was incorporated in May 2003 for the purpose of acquiring Taraz LLP ("Taraz"), an operating company that, directly or indirectly, owns the licences, leases and other assets that comprise the Zhengeldy oil field in Kazakhstan. Caspian acquired 100% of Taraz LLP in 2004.
News
Further to the announcement of 8 July 2008, Caspian Holdings (LON:CSH), the oil and gas development company with assets in the USA and Kazakhstan, has increased its lease holding in the Irvine oil field to over 200 acres with the signing of a new 160 acre Billings lease. In addition the Company has received the key permits to commence oil production and sales from its existing 8 wells in its first lease - Barnett - in the field.
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