Latest News

December 2011 Quarterly Activity Report
Caspian is pleased to report its activities for the December 2011 Quarter.
31st January 2012
West Mailisu #2 Update
Caspian Oil & Gas Limited has suspended operations on its West Mailisu #2 well in the Kyrgyz Republic after pump testing recovered only a small amount of oil.
11th January 2012
Appointment of New Director
Caspian is pleased to announce the appointment of Mr Avraham Ben-Natan as a Non-Executive Director of the Company.
30th November 2011

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Charvak Project

The existence of oil in shallow sandstone and conglomerate reservoirs at Charvak has been established by exploration drilling. Although the flow rates are low (<10bopd), wells are inexpensive and economic at high oil prices. 

Deeper prospects have been identified by a seismic survey. 

The Charvak licence surrounds three small excised oil and gas fields:

  •            Changyrtash - (9 sq km excision) recoverable 13.0 million barrels (MMbbl) of oil, production to date 11.8MMbbl of oil;
  •            Chigirchik - (4 sq km excision) recoverable <1 MMbbl oil, 2.0 billion cubic feet (Bcf) of gas; and
  •           Suzak - (3 sq km excision) 15 Bcf gas.
In the productive Changytrash Field, oil is found at shallow depths (300-800m) in two pay zones within the Paleogene: Bed III (sandstone) and Bed V (limestone).
            

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