Caspian Energy: Aral Petroleum Capital Appoint Zhaik Zhexembayev as General Director
Caspian Energy Inc. is pleased to announce the appointment of Zhaik Zhexembayev as the new General Director of Caspian’s wholly-owned subsidiary, Aral Petroleum Capital LLP (“Aral” or “the Company”), effective immediately. The appointment of Mr. Zhexembayev, which remains subject to approval by the NEX, follows the resignation of Erbolat Kulumbetov, …
Aral Petroleum Capital LLP: Has Positive Test Results and Starts Limited Production To Generate Positive Operational Cash Flows
Caspian Energy Inc. announces today that its wholly-owned subsidiary, Aral Petroleum Capital LLP (“Aral”), has produced positive results after completing a period of test production on two existing wells at its East Zhagabulak field in Aktobe Oblast, Kazakhstan. After approximately 10 months of inactivity, Aral operating staff performed basic geological …
Pacific Energy Development Provides Update on Kazakhstan Asset and East Zhagabulak
PEDEVCO Corp. d/b/a Pacific Energy Development, an energy company engaged in the acquisition and development of strategic, high-growth energy projects, today provided an update on the Company’s pending acquisition of a 5% interest in Caspian Energy Inc. (“Caspian Energy”), a Canadian publicly-traded company which is in the process of acquiring …
Pacific Energy Development: Purchases 5% of Caspain Energy Inc to Enter the Kazak Market
PEDEVCO Corp., Pacific Energy Development, an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today announced that it has entered into a series of agreements pursuant to which the Company has restructured its planned acquisition of indirect interests in production and exploration …
Caspian Energy Inc: Caspian Spuds Follow-Up Well
Subsequent to previous development success, Caspian Energy Inc. (“Caspian”) and partners have initiated drilling of a fifth well, well #306, in the East Zhagabulak field of west-central Kazakhstan. The contract for production of hydrocarbons at the East Zhagabulak field in the Aktobe Oblast is valid for a 24 year period …