Caspian Energy Inc. – Statement Re Share Price Movement
October 30, 2007
The Board of Caspian Energy Inc (TSX: CEK)(AIM: CEK), an oil and gas exploration company operating in Kazakhstan, notes the recent movement in its share price.
For a number of months the Company has undertaken discussions with potential farm-in partners concerning one of its blocks, which may or may not lead to a transaction. There is currently no firm timing regarding any potential transaction.
Contacts: Bell Pottinger Corporate & Financial Algy Rowe/ Ann-Marie Wilkinson +44 (0)20 7861 3232 Jefferies International Limited Toby Hayward / Jack Pryde +44 (0)20 7029 8000
SOURCE: Caspian Energy Inc.