RNS Number:1264P
Caspian Holdings plc
08 January 2007

8 January 2007

                              Caspian Holdings Plc
                          ("Caspian" or "the Company")


                    Positive levels of oil flow at well 121


Caspian Holdings Plc (AIM: CSH), the oil and gas production and exploration
Company in Kazakhstan, is pleased to report commercial flows of oil at
approximately 35 barrels a day from its recently drilled well 121  during the
second half of  December 2006.


Following the successful testing of well 121, the Company will focus on
increasing production and profitability from its existing wells prior to
commencing its next drilling programme mid year.


Production for the quarter ending 31 December 2006 was 11,630 barrels.
Production was adversely affected during the quarter as a result of workovers of
a number of previously productive wells including well 103.   Remedial work is
continuing on well 103 and well 112 with expectations that these wells will be
in production in late February 2007.


                                     -Ends-

Enquiries:


Caspian Holdings Plc              Hoodless Brennan                  Parkgreen Communications

Michael Masterman                 Luke Cairns                       Justine Howarth / Clare Irvine
T: +44 (0) 7791288381             T: +44 (0) 20 7538 1166           T: +44 (0) 20 7851 7480
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

DRLZGGGMMRGGNZM_SN_RNS1264P_SU_RNSTEST_XX_112323.1182_RZ__RT_R.xRoute.0.3
~
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Civitas Social Housing Charts.
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Civitas Social Housing Charts.