Proactive Investors UK - Caspian Holdings wins first court case Kazakhstan

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Epic & Msn data
Epic	CSH
Time:	16:30:05
Mid Price:	0.73
Change Today:	0.00
Change % Today:	0.00
Fifty Two Week High:	2.63
Fifty Two Week Low:	0.33
Market Capital:	2.65

Period & price data
Period	Price
Now:	0.73
3 Months ago:
6 Months ago:
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Additional information
Additional	Information
Market:	AIM
Sector:	Energy
Epic:	CSH
News:	Latest news
Web Site:	Caspian Holdings
Other Articles:	14-01-2009 02-09-2008

Crude Oil

Caspian Holdings

Caspian Holdings was incorporated with the purpose of acquiring and developing an advanced stage oil and gas field in Kazakhstan and to consider other oil and gas opportunities in the FSU in particular other republics in the Caspian region.Recently the company has added oil and gas interests in the United States to its portfolio.

Wednesday, January 14, 2009

Caspian Holdings wins first court case Kazakhstan

Shares in oil junior, Caspian Holdings (AIM: CSH) jumped 33% after the company said it had won its initial court case in Kazakhstan. Caspian Holdings is fighting a decision by the Minister of Energy and Mineral Resources which cancelled its contracts over certain blocks, which included the Zhengeldy Oil Field.

The Specialized Regional Economic Court of Astana City ruled in favour of Caspian Holdings, stated said that the cancellation of the ruling was illegal.

The Ministry of Energy and Mineral Resources has filed an appeal, which is scheduled to be heard on 21 January 2009.

"Caspian and Taraz LLP [Caspian's holding company] will strongly defend their contract rights and keep the market updated as they have further information available," the company said.

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