RNS Number:0003U
Caspian Holdings plc
08 May 2008

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

8 May 2008
                                USA Lease Update

Further to the announcement of 16 April 2008, clear title due diligence on the
Pine Meadows lease is underway and near completion. The Vittorino Serri Oil
Company and Caspian have agreed to extend the period to complete the due
diligence to around 20 May 2008.



Enquiries:

Caspian Holdings Plc             Grant Thornton Corporate Finance
Michael Masterman                Fiona Owen
T: +44 (0) 7791 288381           T: +44 (0) 20 7383 5100
www.caspianoil.co.uk

Hoodless Brennan                 Parkgreen Communications
Luke Cairns                      Ana Ribeiro / Justine Howarth
T: +44 (0) 20 7538 1166          T: +44 (0) 20 7851 7480







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

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