Cashbestand ca. 3 Mio, jederzeit liquidierbare Perseus Mining für ca. 5 Mio, eigene drills, also hier von Pleitegeier zu sprechen wie vielerorts zu lesen kommt der wirklichkeit nicht nahe.
Marktkapitalisierung: 9,32 Mio. CDN$ oder 7,11 Mio Euro
Geduld haben, jetzt (Steuerverkaufs-) Aktien aufsammeln und in 2011 wieder verkaufen.
http://media.wotnews.com.au/asxann/01125763.pdfRisiko: Sehr hoch
Chance: Sehr Hoch
Auszug aus der Annual General Meeting in Perth November 2010 mit Graeme Parsons,CEO
Review of 2009-2010 operations
? Overview of West Mailisu Prospects
? Farmout Activity
? 2010 ? 2011 Kyrgyz Work Programme
? Romanian asset
? Kazakhstan Opportunities
? Activity Summary
Caspian has a strategic acreage position in the
Kyrgyz section of the Fergana Basin
? Fergana Basin
? prolific oil province > 1 Billion Barrels and 1.7 TCF Produced to date
? first production in 1901, more than 60 oilfields
Eight licences on Fergana Basin in the Kyrgyz
Republic
? Applications lodged for 2 year extensions on 5
licences
? Potential for significant oil and gas discoveries with
more than 25 prospects and leads mapped
? Seeking JV partners to develop licences
2010 ‐ Year in review
1. Santos JV
? Caspian regained 100% ownership of 7 Kyrgyz licences after Santos
withdrew from its joint venture in February 2010
2. Caspian operations
? Drilled East Mailisu 1 and Mailisu III #6 wells
? Interpretation of seismic enabled compilation of a prospect and leads
inventory which includes 25 opportunities with total prospective resources
of 242 mmbbls oil - Lead size up to 55 mmbbls with average of around 10mmbbls
across the portfolio
? Produced ~ 3800 bbls from Mailisu III and Charvak fields over 12 month
period - production was suspended pending production licences, obtained
November 2010
? Recorded 26km 2D seismic in West Mailisu licence
? No lost time injuries for operations
3. Changed political situation
? Parliamentary elections passed peacefully in October 2010
? Coalition government currently being formed
? Decree guaranteeing foreign investment
? Period of interim government has seen decreased government efficiency
(longer time to get decisions made)
West Mailisu Leads details
West Mailisu East (Palaeogene Bed III and Beds V & VII)
? Mean potential oil -13.8 million barrels (mmbbls)
? Mean potential reserves 2.6 mmbbls
? Potential for mean gas reserves of 9.7 bcf from the Jurassic
section prospect
West Mailisu Central
? Estimated 10.5 mmbbls mean potential oil in place and 2
mmbbls potential mean reserves
Prospect Oil OIIP Reserves
Zone mmbbls mmbbls
WM East Bed III 5.5 1.0
Beds V & VII 8.3 1.6
WM Central Bed III 4.2 0.8
Beds V & VII 6.3 1.2
Total 24.3 4.6
Farmout Activity
? Seeking alternative farmout participants
? Several companies have signed confidentiality
agreements and received proprietary data
? Seeking funding for a two-year work programme
including seismic and drilling in return for a 50%
interest in the licences
? Once stable government is restored, 2011 will see a
renewed focus by the Company to attracting farmin
participants to the licences
2011 Indicative Kyrgyz Work Programme
Activity Timing Comments Potential Impact
West Mailisu Seismic 1Q 2011 2 firm drilling targets
Drill West Mailisu East #l 2Q 2011
Exploration Well -
dependent on finding
Up to 3.5 mmboe (5.9
bcf gas and 2.6 mmbbls
farminee oil).
Seismic Acquisition - East
Mailisu Sulukta 2Q/3Q 2011
Extent of coverage
dependent on finding
Defining potential large
Mailisu, Akbura & p g leads indicated from
farminee seismic review
Romania ? Parta Block
Location: Southern Pannonian Basin, western Romania
CIG ownership: 20%
Operator: ADX Energy Limited (ADX)
Area: 1221 sq km. Seven (excised) producing oil and gas fields
Upside: Many attractive seismically-identified targets
2011 work programme:
o 2D seismic reprocessing and acquisition
o Scheduled to commence in the 2nd quarter
o Awaiting signature for exploration agreement by government
? Four oil and seven gas leads recognised on
existing seismic
? Mean (success case) reserves estimated at
24.5 mmbbls (oil) and 234 bcf (gas)
? Three different play types ?
structural/stratigraphic, stratigraphic, and
basin floor fans
2011-2013
? Reprocessing (300km)
? 2D acquisition (200km)
? 3D acquisition (150sq km)
? One well
2011 detail
? 1Q ? Reprocess all existing 2D seismic
? 2Q ? Acquire and process 100km 2D seismic
? Sub-surface studies ? construct geological models
? Marketing studies (gas, facilities)
? Caspian is reviewing potential opportunities in Kazakhstan
? In August 2010, Caspian entered an Area of Mutual Interest
Group with Argos Sibinga Petroleum and CHPlus Resources
? More than 30 opportunities have been reviewed and high
graded
? Six opportunities are being pursued and detailed reviews
undertaken
? Opportunities include coal seam gas, undeveloped existing
discoveries and ?brown? fields with significant upside
potential
? Caspian aims to have a new opportunity within 6 months
Kyrgyz Republic
? Additional Seismic to be recorded in West
Mailisu to optimize well locations - Q1
? Possible drilling of West Mailisu well
? Reprocessing 2009 seismic
? Additional seismic over Charvak, Sulukta and
Ak-Bura licences
? Ongoing farmout activity
Romania
? 2D Seismic acquisition and reprocessing
? Detailed geological studies
Other Areas
? One new country entry expected
Value elements
? Established oil production from Mailisu III and Charvak
? Modern drilling rig and associated equipment acquired at a
cost of over US$5.5 million
? Caspian holds:
? $2.6 million cash and deposits
? Listed investments ? market value ~A$5 million
? Other assets such as funded mineral exploration joint
ventures and future gold royalties on projects with
development plans
Graeme Parsons ? Executive Director/CEO
Geologist with 30 years experience in oil and gas exploration,
development and management
Colin Carson ? Executive Chairman
More than 20 years of corporate experience in listed companies
Mike Sandy ? Director
Experienced petroleum geologist with 30 years experience including
10 years in a management role with Novus Petroleum
Oleg Gaponenko ? General Director
Canadian-trained Kyrgyz national director
Alex Novak ? Consultant
Experienced Kyrgyz campaigner
www.caspianogl.com
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