thanks for that, probably means China and iran? enquiries came...

thanks for that, probably means China and iran? enquiries came to nothing

Caspian Oil & Gas Announces Exploration/Near field Appraisal Opportunity in Kyrgyz Republic

Friday, May 07, 2010


Caspian Oil & Gas Ltd is seeking partner(s) to farm-in to an exploration/near field appraisal opportunity in the Kyrgyz Republic, Central Asia.

Caspian Oil & Gas has interests in prospective licences within the prolific oil and gas Fergana Basin in the Kyrgyz Republic, Central Asia. The US Department of Energy estimated that the basin has a potential of four billion barrels of recoverable oil, and yet to date only a quarter having been produced. Caspian is seeking expressions of interest for equity in the licences through contributions to exploration

Highlights:
? Caspian holds a total of seven exploration licences (100% equity) and one licence which includes the Mailisu III oilfield (70% equity).
? Proved hydrocarbon provenance - potential for significant oil and gas discoveries in the licences.
? Large area for exploration ~7,800sq km
? Caspian current production around 20-30bopd from shallow production areas
? Up to 50% Equity available for seismic and drilling commitments
? Over 20 Prospects & Leads mapped, potential for many more to be identified