RNS Number:3502G
Caspian Holdings plc
18 July 2006

18 July 2006

                              Caspian Holdings Plc

                          ("Caspian" or "the Company")

Caspian increases oil shipments by 100% and announces positive results for Wells
                                  105 and 104

Caspian Holdings (AIM: CSH), the oil and gas production and exploration Company
in Kazakhstan announces a Quarterly oil shipment increase of 100% from 9,274
barrels in the March Quarter 2006 to 18,718 barrels in the June Quarter 2006,
reflecting the results of the workover programme and this year's drilling
programme. In total, 13 wells have been drilled and testing completed with 12
being productive - a 92% success rate. At the current time, 11 wells are in
production at a rate of approximately 300 barrels a day.

Positive drilling results from Wells 105 and 104 follow:

Well 105 was drilled to a depth of 578 metres on the edge of the Zhengeldy
licence area some 500 metres from the main cluster of wells. The well has been
successfully perforated and tested and is currently producing approximately 35
barrels a day of clean oil with 5% water from the 226-228 metres Jurassic level.
Production rates are expected to increase over the current September quarter.

Well 104 is the latest step out well to be drilled and reached a target depth of
710 metres in early July. Evaluation of electronic log results indicated oil
stringers at Triassic depth of 600 metres and a good shallower oil pay zone of 4
metres at 175 m. This shallow zone has been perforated and testing is underway.
Production test rates will be updated in September following production testing.
Well 104 was the first well to be drilled in the unexplored Block 1 - both the
Triassic and Shallower oil leads will be actively pursued.

Results of 2006 Drilling programme

 Well  Depth  Drilling   Oil      Net Pay        Oil      Porosity  Tested rate
       metres   Days    Zones     metres    Saturation %     %         bopd
 
 101    455       22     2++          8         65%         30%           45
 102    400       16     2         10.8         90%         30%      Under test
 103    302       13     2           14         90%         30%          120
 105    575       20     2            7         80%         30%           35
 104    710       30     1            4         80%         30%      Under test

The drilling programme will now move back to the salt lake to drill Well 109 to
the west of the successful Well 103. Well 109 will explore the deeper levels of
the field as well as seeking to add oil production levels between 100 and 400m.

Commenting on the results, Michael Masterman, CEO of Caspian said: "The new
wells 104 and 105 were step out wells and confirm oil reserves and potential
production in a significantly larger area than we have drilled to date. We will
now move back into the centre of the licence to drill Well 109 on the salt lake
and expect to follow this with another two infill production wells to boost oil
production. "

                                     -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

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