Caspian provides West Mailisu prospect update

Wednesday, Aug 25, 2010

Caspian Oil & Gas acquired an additional 27 kilometres of seismic within the Company’s West Mailisu prospect, Kyrgyz Republic, in May 2010.

The acquisition consisted of four lines to evaluate three leads that were interpreted using previous
coverage.

The interpretation of the new seismic confirmed the presence of one prospect and one strong lead at the mid Paleogene (Turkestan) level and supported the potential of one tentative lead at the lower horizon of Jurassic age.

Paleogene limestones are the productive horizons at the nearby Mailisu IV oil field, approximately five kilometres east of the licence, while gas was produced at the Kyzyl Alma field from the Jurassic, four kilometres to the north.

Following these encouraging results, Caspian is currently examining the geotechnical and commercial factors prior to deciding on future work. Caspian is seeking a farm-in partner to participate in future exploration programmes.

Click here to view the full ASX announcement.

Source: Caspian Oil & Gas