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 …
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 …