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Caspian is a Toronto-listed junior explorer, operating in the Northern Block of the Caspian Basin in Kazakhstan. Caspian holds a 40% stake Aral Petroleum located in western Kazakhstan. Asia Sixth Group, a Chinese investment group, last year took control of the 60% stake that Caspian did not at that time own, for a total investment of...
Caspian is a Toronto-listed junior explorer, operating in the Northern Block of the Caspian Basin in Kazakhstan. Caspian holds a 40% stake Aral Petroleum located in western Kazakhstan. Asia Sixth Group, a Chinese investment group, last year took control of the 60% stake that Caspian did not at that time own, for a total investment of US$80 million. The company has stepped up a sizeable drilling campaign with an onshore acreage could potentially announce a significant addition to production figures if it unearths key discoveries this year.
Caspian Energy awaits Kazakh signature on licence extension
December 13 2012, 2:13pm
William Ramsay, Chairman & CEO of Caspian Energy (TSX:CEK) tells Proactiveinvestors that the company has now received the formal letter from the Kazakh government and the company is "one signature away" from receiving the exploration licence extension for two-years. He confirms that the dispute with Nabors Industries Inc has passed and that the Caspian Energy bank account is now unfrozen. William also says that investors can expect more newsflow when the licence extension is signed.
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