Latest News

June 2010 Quarterly Report
Downlaod the Caspian June 2010 Quarterly Report.
30th July 2010
Romanian exploration block bid success
A bidding group comprising Audax Energy Limited (ADX), Caspian Oil & Gas and Sibinga Petroleum, has been awarded the exploration block EX-10 PARTA in the southern Pannonian Basin, western Romania
5th July 2010
Delineation seismic completed
Caspian Oil & Gas Limited has completed seismic acquisition over several prospective leads on its 100 per cent owned West Mailisu licence in the Kyrgyz Republic.
26th May 2010

Subscribe

Enter your email address to receive news from the company

Corporate Overview

Caspian Oil & Gas Limited (ASX:CIG) is an oil producer and explorer listed on the Australian Stock Exchange (ASX) with its registered offices in Perth, Western Australia.
Caspian has interests in eight Fergana Basin licences in the Kyrgyz Republic, placing it  in the midst of one of the world’s major oil-producing regions which stretches from the Caspian Sea through to the Tarim Basin in north-west China.
Agreements
Santos International Operations Pty Ltd (a subsidiary of Australia's second largest oil company) is earning 80% equity in seven of the projects by spending US$24,000,000 on exploration and development on a staged basis. Santos is currently completing a seismic acquisition programme on the licences.
 
Caspian retains the right to explore and develop shallow reservoirs within four northern licences contained in the Santos Joint Venture, and has a separate joint venture with KNG, the Kyrgyz Government owned oil company, to develop the Mailisu III oilfield.
Corporate Objectives
Caspian’s objectives are to:
1. maximise shareholder value through exploration, discovery and production of oil & gas; and
2. operate at all times with a high social, environmental and ethical awareness.

Print this page