RNS Number:7534Z
Caspian Holdings plc
14 March 2006

14th March 2006

AIM: CSH

                              Caspian Holdings Plc

                          ("Caspian" or "the Company")

            Casing and Testing Well 101 following solid log results



Caspian Holdings (AIM:CSH), the oil and gas exploration and production company
focused on shallow fields in Kazakhstan announces that, following positive
electric log interpretations, it has proceeded to case and test its first 2006
well - Well 101.



Well 101 was successfully drilled to a depth of 455 metres with interpretation
of log results showing solid results that are in line with the Company's
geological model.



Six oil bearing levels have been identified in Well 101, with the best level
being a 7 metres net pay between 310 and 317 metres with a porosity of 30%.  The
result correlates geologically with the oil producing levels in Wells 111, 112
and 107.  Well 101 has been cased and a 5 metres perforation shot on this level
and testing will commence this month.



In parallel with the drilling and testing of Well 101, the Company has continued
progress with the workover programme, with increasing perforations on Wells 112
and 115 and a new perforation in Well 116.



The 2006 drilling programme is proceeding on schedule with Well 102 - the next
new well to be drilled.



Weekly updates of drilling progress can be viewed on the Company's website -
www.caspianoil.co.uk/projects



Mr Dietmar Greil, Executive Director and Chief Operating Officer of Caspian
Holdings Plc is a qualified petroleum engineer with over 20 years experience in
Exploration and Development in the oil industry.  He has extensive experience in
the development of oil fields in Russia and the other former Soviet Republics.
This press release has been prepared under Mr Greil's supervision.



                                     -Ends-



Enquiries:


Caspian Holdings Plc              Hoodless Brennan                  Parkgreen Communications
Michael Masterman                 Luke Cairns                       Justine Howarth / Ana Ribeiro
T: +44 (0) 7791288381             T: +44 (0) 20 7538 1166           T: +44 (0) 20 7493 3713
www.caspianoil.co.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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