CSH Civitas Social Housing Plc

RNS Number:4636C
Caspian Holdings plc
04 May 2006

4 May 2006

                              Caspian Holdings Plc

                          ("Caspian" or "the Company")



         Salt Lake Drilling Results Delivers largest flow rate to date



Caspian Holdings (AIM: CSH), the oil and gas exploration and production Company
focused on shallow fields in Kazakhstan, announces that drilling results for
well 103 on the dry Zhengeldy salt lake has produced very strong test flow
results.



Well 103 was drilled to a depth of 302 metres in 9 days.



Two oil bearing levels in well 103 have been identified from log interpretations

*        8 metres from 176 metres to 184 metres

*        6 metres from 256 metres to 262 metres



Perforation and testing of the deepest level has produced very strong results
with the well flowing at a continuous flow test rate of 120 barrels of oil per
day - by far the largest flow test rate on the field to date.  During the test a
tested open flow rate of 230 barrels a day was achieved.



Well 103 will continue in production and during May we will determine the
optimal operating flow rate.  An update on the overall results of the workover
program and the new wells drilled in 2006 will also be provided in May.



Commenting on the results from well 103, Executive Chairman Michael Masterman
said "Tested flows from this well are nearly 4 times the levels achieved in our
previously best performing wells.  The results give us a strong direction to
drive the next phase of drilling forward as well as the potential to
significantly step up production rates"



"This is our first well on the previously undrilled dry Zhengeldy salt lake
which covers approximately half our current licence area.  It's a great
exploration and production result"

                                     -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



Mr Dietmar Greil, Executive Director and Chief Operating Officer of Caspian
Holdings Plc is a "qualified person" with over 20 years experience in
Exploration and

Development in the oil industry.  This press release has been prepared under Mr
Greil's supervision.




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