Projects
Kyrgyz Republic
Romania
Caspian was successful in the 10th bidding round for oil and gas exploration licences in Romania. A bidding group comprising Audax Energy Limited (ADX), Caspian and Sibinga Petroleum, has been awarded the exploration block EX-10 PARTA in the southern Pannonian Basin, western Romania.
Caspian will hold a 20% interest in the block with Audax managing the operations. The PARTA block covers an area of 1,221 sq kms. Located within the block are seven (excised) producing oil and gas fields.
Following a detailed seismic review the group considers the block to be underexplored with many attractive undrilled seismically-identified targets.
Kazakhstan
During the past six months we have been evaluating various opportunities in Kazakhstan which will allow our regional expertise and operating capacity in Central Asia to be fully utilized. During 2010 we plan bid on several opportunities following technical and commercial evaluation.
