RNS Number:3797O
Caspian Holdings plc
20 February 2008


20 February 2008

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

                      Zhengeldy Field Temporary Suspension

Caspian Holdings Plc (AIM: CSH), the oil and gas production and exploration
Company in Kazakhstan announces a temporary suspension of production at its
Zhengeldy oil field.

The Company is currently awaiting approval of its Supervision of Development
Plan ("SDP") from the Central Commission of Ministry of Energy and Mineral
Resources of Kazakhstan ("MEMR"). The SDP, which has previously been approved by
the Atyrau Regional Inspector and received the necessary positive opinion from
the independent expert, has been tabled at the February meeting of the Central
Commission of MEMR and the Company awaits the protocol from this meeting.

Following SDP approval, the Company will then be in a position to have its 2008
Work Programme approved and to apply for an export quota in the successive
month. The 2008 Work Programme has been approved at the regional level and is
awaiting the approval from Zapkaznedra, the regional supervisor, which is
dependent on the approval of the SDP.

The Company is closely monitoring the above process and will update the market
in due course.

                                     -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
-----------------------




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

END
DRLPUURWPUPRGGU
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.