Mailisu III Project
Caspian has acquired a 70 per cent interest in the Mailisu III oilfield under a joint venture with the Kyrgyz Government's oil company, KNG. 
We have completed five exploration wells on Mailisu III and encountered oil in each well from shallow Palaeogene limestone beds, with modest flow rates to date. Completion work has started on the Mailisu III #2 well (Bed V to be put into production) and this will be followed by Mailisu #6.
We are also undertaking laboratory studies to optimise acidizing techniques in the carbonate reservoirs. Once completed we will look to complete several acid jobs during the summer.