CEK Caspian Energy

RNS Number:1897Y
Caspian Energy Inc
09 February 2006


Not for release, distribution or publication in whole or in part in or into the
United States, Australia or Japan


                               CASPIAN ENERGY INC.
                          ("Caspian" or the "Company")

                      Test Results for East Zhagabulak #301

TSX: CEK
AIM: CEK

Caspian Energy Inc, an oil and gas exploration company operating in Kazakhstan,
today announces that Aral Petroleum Capital LLP ("Aral"), in which the Company
holds a 50% indirect interest, has completed a successful flow-test in the
Zhagabulak Area in the southeast corner of the North Block.

The Company's first exploration well, East Zhagabulak #301, reached a total
depth of 4846 meters and encountered approximately 101 meters (331 feet) of net
oil pay in Middle Carboniferous reservoirs. The well is being tested in two
intervals. The lower interval, the primary target in the well, tested at rates
of 2,532 barrels of oil per day (b/d) of 39o API gravity oil, following
acidizing. The upper zone, a secondary target, is currently being acidized and
testing is expected to be completed in the near future.

The logging programme for well EZ #301 has shown that the well is 38 meters
updip to the offset producing well (EZ #213) and that apparent productive
intervals were by-passed in earlier Soviet era wells. The Company is
investigating a programme to add production through major workovers on EZ #213,
and a near offset plugged well EZ #211.

"We are very pleased with the success of our first exploration well in the North
Block and this result exceeds our initial expectations and confirms our
exploration strategy," said Charles Summers, Caspian Energy Inc. Chief
Operations Officer. "The field pipeline is already installed and this well is
currently flowing to our production facility. Our second exploration location,
EZ #302, approximately 3.6 km. southwest of well 301, has set intermediate
casing at 3003 meters, and is expected to reach total depth before the end of
March".


For further information, please contact:

Bell Pottinger Corporate and Financial
Ann-marie Wilkinson/Geoff Callow             00 44 (0) 20 7861 3232


CAUTIONARY NOTE

Certain statements contained in this press release constitute forward-looking
statements. Forward-looking statements relate to future events or the Company's
future performance. All statements other than statements of historical fact may
be forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "seek", "anticipate", "budget",
"plan", "continue", "estimate", "expect", "forecast", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might", "should",
"believe" and similar words suggesting future outcomes or statements regarding
an outlook. Forward-looking statements in this press release include, but are
not limited to, statements with respect to: the performance characteristics of
the Company's oil and natural gas properties; drilling plans and the timing and
location thereof; plans for the exploration and development of the North Block;
plans for acid work and testing; and plans for a production program for certain
wells.

Forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. The Company believes the
expectations reflected in those forward-looking statements are reasonable but no
assurance can be given that these expectations will prove to be correct and
readers are cautioned not to place undue reliance on forward-looking statements
contained in this press release. Some of the risks and other factors which could
cause results to differ materially from those expressed in the forward-looking
statements contained in this press release include, but are not limited to:
volatility of oil and natural gas prices; liabilities inherent in oil and
natural gas operations; uncertainties associated with estimating oil and natural
gas reserves; competition for, among other things, capital, acquisitions of
reserves, undeveloped lands and skilled personnel; geological, technical,
drilling and processing problems; drilling and testing results, fluctuations in
currency and interest rates; product supply and demand; risks inherent in the
Company's foreign operations; changes in environmental and other regulations or
the interpretation of such regulations; political and economic conditions in the
Republic of Kazakhstan; and the other factors discussed in this press release
and in the Company's filings with Canadian securities regulatory authorities
which are available to the public at www.sedar.com.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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