CEK Caspian Energy

    RNS Number : 0398I
  Caspian Energy Inc
  12 November 2008
   

    November 12, 2008

    CASPIAN ENERGY INC. APPOINTS NEW DIRECTOR

    TSX: CEK
    AIM: CEK

    Caspian Energy Inc. ("Caspian" or the "Company") is pleased to announce that following his election on 24 June 2008, Mr. Maurizio
Barnaba has now been appointed to Caspian's board of directors. Mr. Barnaba is currently Managing Director of EFAME Export Ltd., an entity
which focuses on trading and providing financial, commercial, marketing and technical consultation in Europe, North Africa and Middle East
for Defence and Oil and Gas products. His educational credentials include a Bachelor's degree in Electronic engineering and a further degree
in Economics, Finance and Marketing. 

    Caspian is an oil and gas exploration and development company, operating in Kazakhstan where it has a number of targets in the highly
prospective Aktobe Oblast of Western Kazakhstan. The Company holds an exclusive licence which entitles it to explore and develop certain oil
and gas properties known as the "North Block", an area of 3,458 square km, through a 50% stake in Aral Petroleum Capital LLP.


    Enquiries

    For further information, please contact:

    Caspian Energy Inc.
    William Ramsay
    President and Chief Executive Officer
    00 44 (0)20 7861 3232

    Bell Pottinger Corporate and Financial
    Sarah Williams
    00 44 (0)20 7861 3232

    Jefferies International Limited
    Jack Pryde / Oliver Griffiths
    00 44 (0)20 7029 8000


    AIM Rule 17 Disclosures

    Additional information on Maurizio Barnaba (59) to be disclosed in relation to Schedule Two paragraph (g) of the AIM Rules for Companies
can be found below. 

    Mr. Barnaba owns 100% and is a Director of EFAME EXPORT LTD which is interested in 8,897,361 shares (7.3%) of the Company. 

    There are no further disclosures required under the AIM Rules.





This information is provided by RNS
The company news service from the London Stock Exchange
 
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