WRES.L Regulatory News (WRES)

21 Dec 2007 10:42

Caspian Holdings plc21 December 2007 21 December 2007 Caspian Holdings Plc ("Caspian" or "the Company") Export to be cleared to restart in March Quarter 2008 Caspian Holdings Plc (AIM: CSH), the oil and gas production and explorationCompany in the countries around the Caspian Sea, announces that the CentralCommission of Ministry of Energy and Mineral Resource of Kazakhstan hasrescheduled its meeting for the approval of Caspian's key development report.This has held up the granting of the export quota, and as a result of this it isestimated that the exports will only be able to recommence in the first quarterof 2008. This is in contrast to the timing as announced on 15 October 2007. Michael Masterman, Chairman of Caspian commented: "We are disappointed not tohave our exports back on stream before the end of December, but have been givenassurances that this is a matter of procedure, and we will be in a position toresume exports early in the New Year. I would like to take this opportunity tothank our shareholders for their support this year and look forward to makingpositive steps for the business in 2008." -Ends- Enquiries: Caspian Holdings Plc Grant Thornton Corporate Finance Hoodless Brennan Parkgreen Communications Michael Masterman Fiona Owen Luke Cairns Justine HowarthT: +44 (0) 7791 288381 T: +44 (0) 20 7383 5100 T: +44 (0) 20 7538 1166 T: +44 (0) 20 7851 7480 www.caspianoil.co.uk----------------------- This information is provided by RNS The company news service from the London Stock Exchange