CEK Caspian Energy

RNS Number:6160G
Caspian Energy Inc
30 October 2007



                               CASPIAN ENERGY INC.

                          ("Caspian" or the "Company")

                              Share Price Movement

TSX: CEK

AIM: CEK

The Board of Caspian Energy Inc, an oil and gas exploration company operating in
Kazakhstan, notes the recent movement in its share price.

For a number of months the Company has undertaken discussions with potential
farm-in partners concerning one of its blocks, which may or may not lead to a
transaction. There is currently no firm timing regarding any potential
transaction.

For further information, please contact:

Bell Pottinger Corporate & Financial +44 (0)20 7861 3232
Algy Rowe/ Ann-Marie Wilkinson

Jefferies International Limited +44 (0)20 7029 8000
Toby Hayward / Jack Pryde




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

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