I think it`s about time CSH had a thread, an AIM oil co. that is producing oil and quality stuff at that. These are vastly under-valued, market cap. 30 mill., they are going up on news NOT hype. check them out.
Dexter

They won't talk about increase flow rates untill they get a better price for for the oil.

Having steadily bought CSH on the retractions over the last few weeks,I wonder if anyone knows where in Kazaksthan the Zangeldy oil field is ? I wanted to speak to Luke Cairns but he has not returned my call so far.

I think they have to transport the oil by road,but where to?

Do they own the road tankers,and are the transport costs high?

Any news on this would be appreciated.

The intention as I recall is to install a pipe line, as you say they currently transport by road, not sure where to.

I believe it is due to be installted this summer so things will get better.

This is all frommemory so I may have a few bits wrong but this is the essence of what I recall.............

Spoke to Luke Cairns later today.

According to him there is a pipeline 18kms from the Zangeldy field.

The pipeline goes to Russia as well as some other region.

The oil as you know is of good quality with some salt content, that apparently can be easily removed by a heating process.

Perhaps seawallwalker, you may be referring to a proposed extension of pipeline to actual site.

Anyway the situation appears better than I thought.

Anyone still in?
Nice rise today, all buys apart from 4,000 shares. 50,000 MM buy and this was posted over the road.
Make of it what you will.


GeoffCapes - 4 Jun'05 - 18:57 - 11823 of 11866


Nice to see everyone is still positive on here. (It can't get any worse can it? Can it?) No.

Here's a bit of info you may be interested in.

A bloke I work with's cousin works for an oil investment company. Now and again he gives my collegue tips on shares of companies to buy, and his tip/success rate is A1.
He told my collegue to buy BFC a week before they had some big announcement and shot up 40%. Yes it probably is insider dealing but it goes on everywhere!
Anyway, he text my colleague late Friday afternoon and said two words (which is how he gives his tips) Those two words:-

Caspian Holdings.

Make of that what you will.
That's not a ramp, as everyone know you should do your own research, whether you do or not is up to you. Interesting though.

Sharebuff - Could you post a link or the comments please. Ta.

Tone - Will E-mail you tomorrow as I shortly have an appointment with several pints of Kronenbourg :-D

wilbs

Another 50,000 MM buy.
wilbs

wilbs, yes there is someone here! I am in for the mid to long term, how about you?
I watch other BB's.
I have done all the research possible and will be staying in. Nice little rise today. I am holding, just sentiment for me at the moment.
See what happens tomorrow to 3 months time.
Good luck to you.
sambal.

Cheers sambal.
Im in for the medium term, xmas. I don't know if you look at the joke pages on ADVFN? Talk is of an announcment soon. With the buys today and the MM buys, it seems that something is brewing and news is due.
See what tomorrow brings.
Good luck to you too.

Wilbs

Still ticking up nicely.
wilbs

YES IT IS. Just wish I had the finds to buy more.
Sambal.

Back in the blue for me at last. Lets hope news will come in the next week to 4 weeks. IMO it is going to be good, but not great. The great news will come imo come late September.
Sambal

I have emailed CSH but not holding my breath for a reply.
wilbs

wilbs, you won't get one.
Holding your breath can be unhealthy.
Just wait.
Sambal

Positive news out this morning. So why has sp fallen ?????






8 June 2005

CASPIAN HOLDINGS PLC
('Caspian' or 'the Company')

Drilling, Production and Export Update

Caspian Holdings announces that it has progressed drilling and oil activities,
completing and bringing into production Well 107 and increasing overall
production rates in the Zhengeldy field.

Drilling has also been completed on well 116 and commenced on new Well 106.

Well 107, which had a net oil pay of 17m in the Neocomian structure, has been
perforated to 5m (2 intervals) and currently, one of the intervals been brought
into production. .

The current production capacity of the Zhengeldy field is now based on a total
of five wells: four across Jurassic levels (Wells 113, 114, 112 and 111); and
Well 107, at Neocomian levels.

Production rates have been steady at 130-150 barrels per day and are anticipated
to increase in June with the addition of production from Well 107. Subject to
the results of testing we also expect additional production from Wells 106, 116
and the perforation of Well 114 in the Neocomian. In addition production
increases are expected from a new approach to cementation and logging which the
Company has developed in conjunction with Schlumberger Caspian Region.
Evaluation of cement bond logs suggests there is significant scope to improve
well cementation and, as a result, to identify additional productive levels.

During May, Caspian continued to evaluate opportunities for bringing on Triassic
level production. Well 106, a twin of old well number 5, is now being drilled
(to a target depth of 750m (currently at a depth of 600m)) and should be
complete in late Q2, 2005. Joint review of Well 115 with the Mining Economic
Consulting Company has recommended a re-investigation of three more levels in
the Triassic which the Company is planning for Q3, 2005.

Planning is advanced for drilling on the salt lake in the west of the Zhengeldy
licence area in summer and well locations will be selected following a review of
geological models of the Zhengeldy field. Work is continuing in evaluating
targets in the Zhengeldy extension area as the Company awaits a decision on its
extension application - a decision is expected in Q3, 2005.

Caspian has progressed construction of a 200 tonne storage and export facility.
The proposed facility will now be located outside Makat on the new pipeline
entry point, following a decision by Emba Oil, the state oil company to relocate
processing operations to this site (away from the city). The initial plan is to
transfer 200 tonne batches to the main Emba storage tanks with subsequent export
in 1000 tonne lots. A heating process step will be added to storage facilities
on the Zhengeldy site to reduce salt content in crude for both domestic and
export sales. Both the processing step and the export storage facility should be
complete in July 2005.

The Company's Annual General Meeting will be held in London on 26 July 2005 and
a notice of meeting will shortly be sent to shareholders.

Michael Masterman, Executive Chairman of Caspian Holdings commented:

'Following our preliminary results on 26th April, we felt it was important to
update shareholders of Caspian's development with a current overview. We are
confident in our ability to increase production rates and we are excited about
the discovery of oil production in the Neocomian structure in the Zhengeldy
permit area.'

- Ends -

For further information, please contact:

Caspian Holdings Plc Hoodless Brennan Parkgreen Communications
Michael Masterman Luke Cairns Justine Howarth / Ana Ribeiro
T: +447791288381 T: +44 (0) 20 7538 1166 T: +44 (0)20 7493 3713

LONDON (AFX) - Caspian Holdings PLC said it is increasing overall output rates in the Zhengeldy field.

In a statement, the company said production rates have been steady at 130-150 barrels per day and are expected to increase in June, with the addition of Well 107.

Subject to testing results, the company expects further production from Wells 106, 116 and the perforation of Well 114 in the Neocomian.

The current production capacity of the Zhengeldy field is now based on a total of five wells.

'In addition production increases are expected from a new approach to cementation and logging which the company has developed in conjunction with Schlumberger Caspian Region.'

The company said it has progressed drilling and oil activities, completing and bringing into production Well 107.

Drilling has also been completed on well 116 and commenced on new Well 106.

Chairman Michael Masterman said: 'We are confident in our ability to increase production rates and we are excited about the discovery of oil production in the Neocomian structure in the Zhengeldy permit area.'

newsdesk@afxnews.com

well no news now and sp will fall a little again 25p imho to buy

Seems to be one of the few oil stocks not performing. Hope it starts to do so soon.

if the sp keeps at these levels and gets to 25p to buy i am in for more.

The price is moving now. Perhaps good news on the way.