RNS Number:6183M
Caspian Holdings plc
28 January 2008

28 January 2008

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

                             Update Zhengeldy Field

Caspian Holdings Plc (AIM: CSH), the oil and gas production and exploration
Company in Kazakhstan, announces positive start to 2008, with production
continuing strongly from 9 wells: 102, 105, 106, 107, 111, 112, 118, 119 and
121.

Despite record low temperatures of minus 45degreesC, production for the December
quarter 2008 was 7,850 barrels. Production was mildly affected by the one month
shut down in well 111, which is now back in production. Over the period the
Company has significantly reduced operating and production costs and domestic
sales revenue has exceeded operating costs. With oil prices at record highs, it
is anticipated that revenue should rise with the recommencement of exports,
expected in the first quarter of 2008. Planning is underway and options are
being evaluated to expand production rates through both selected workovers and
new drilling.

Caspian continues to actively evaluate new projects to expand its oil and gas
exploration and production activities.

                                     -Ends-

Enquiries:

Caspian Holdings Plc    Grant Thornton         Hoodless Brennan Parkgreen
                        Corporate Finance                       Communications
Michael Masterman       Fiona Owen             Luke Cairns      Justine Howarth
T: +44 (0) 7791 288381  T: +44 (0) 20 7383     T: +44 (0) 20    T: +44 (0) 20
                        5100                   7538 1166        7851 7480
www.caspianoil.co.uk
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                      This information is provided by RNS
            The company news service from the London Stock Exchange

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