Caspian Energy Share Discussion Threads

[shujja] 25/3/2005 10:10

Mysterious amphibious human-like creature spotted in the Caspian Sea
03/25/2005 09:33
All the eyewitness accounts provide a similar description of the marine humanoid

For the last two years residents of coastal areas around the southern and southwestern Caspian Sea have been reporting of some amphibious creature resembling a human being. In March this year an eyewitness account from the crew of the Baku, an Azeri trawler, was published by Iranian newspaper Zindagi: "That creature was swimming parallel course near the boat for a long time," said Gafar Gasanof, a captain of the ship.

"At the beginning we thought it was a big fish, but then we spotted hair on the head of the monster and his fins looked pretty strange... the front part of his body was equipped with arms!" said the captain. Back in Azerbaijan, nobody took his story seriously. It sounded ridiculous to those who thought that the guy must have been drinking while on board.

On the contrary, shortly after the publication of his interview, the offices of the Iranian paper got flooded with numerous letters of the readers who claimed that the story was yet another piece of evidence proving the existence of the so-called "man of the sea." The readers pointed out that many fishermen had repeatedly seen the strange creature at sea and on shore after the seabed volcanoes in the area of Babolsera had come to life in February and offshore oil production operations had intensified in the Caspian.

All the eyewitness accounts provide a similar description of the marine humanoid. His height is 165-168 cm, he has a strong build, a protruding ctenoid stomach, his feet are pinniped and he has four webbed fingers on either of his hands. His skin is of moonlight color. The hair on his head looks black and green. His arms and legs are shorter and heavier than those of a medium-built person. Apart from his fingernails, he has nails growing on the tip of his aquiline nose that look like a dolphin's beak. No information as to his ears. His eyes are large and orbicular. The mouth of the creature is fairly large, his upper jaw is prognathic and his lower lip flows smoothly into the neck, his chin is missing.

Iranians dubbed the creature Runan-shah or "the master of the sea and rivers." The name is partly based on stories about large shoals of fish accompanying the creature at sea. Other stories refer to the waters that would turn crystal clear and stay that way for two or three days after the creature was seen swimming in those areas. Fishermen claim that fishes that stay alive for a while in the net can feel the creature coming out of the deep blue sea. Fishes were reported producing barely heard gurgling sounds as the monster came near. He was said to answer the call of the catch by making similar throaty sounds.

Some researchers believe that there is no smoke without fire and the stories circulating in Iran can be true. Besides, last May Runan-shah was seen by Azeri fishermen living in the villages located between the cities of Astara and Lenkoran. According to a theory, the creature is not alone; there is a family of underwater humans who are on a mission ... to tackle environmental problems of the Caspian.

The reproduction of flora and fauna in the Caspian has significantly deteriorated due to a surge in offshore oil production operations and underwater volcanic activity in the above parts of the sea. The Astrakhan fishermen have long complained about a decrease in the stock of sturgeon, the total disappearance of sprat and the like. The seafood industry figures indicate that the situation in the southern Caspian has worsened even more this year.

The Caspian Runan-shah is not the only species of underwater humans on record. Both Herodotus and Plato believed that original human beings were amphibious and might have founded an underwater state.

Modern doctors actually agree to that theory by saying that hiccup is an atavism dating back to ancient times when humans had both lungs and gills.

A book of collected scientific articles titled "The Universe and Humankind" that was published in St. Petersburg in 1905 contains a story of "marine female" caught in the Caribbean. It also has stories about dead bodies of the amphibious humans washed ashore in the Azores in 1876. Their descriptions largely correspond with the reported description of Runan-shah.

An amphibious humanlike being was reported in Karelia in 1928. The creature was repeatedly seen in the lake of Vedlozero by local residents. A group of researchers from the Petrozavodsk University arrived to investigate the case on location. Unfortunately, the findings were classified and the members of the research party eventually perished in the Gulag.

According to latest reports in the media, Iranians have already started their research of the Caspian phenomenon. The international scientific community might as well help unravel the mystery if politics do not get in the way of science this time around.

[simonbroughton] 21/2/2005 14:05

maybe it's NLGs turn next. I presume this is due to buying in Canada. At least when NLGs results are announced they will have something to show for it.

[9darkhorse] 21/2/2005 12:04

How come NLG never seems to move ,but CEK AND CSH are moving up nicely????

[cezary] 21/2/2005 11:06

as this is a non producing oil company, why is it so over valued on the share price as opposed to CSH.

[ppowerscourt] 16/2/2005 08:27

Obviously Canadian side is expecting good news flow. As the report says Spring 05 is date for first 'spud'.

[jumbo66] 16/12/2004 07:08

RNS Number:4762G
Caspian Energy Inc
16 December 2004



NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES

CASPIAN ENERGY INC. Operational Update and Appointment of CFO

LONDON, December 16, 2004 -- Caspian Energy Inc. ("Caspian" or the "Company" -
TSX/AIM: CEK), an oil and gas exploration company operating in Kazakhstan, today
provides an update on corporate activity and the appointment of Brian Korney as
Chief Financial Officer.

The major ongoing project is the 3D seismic program in the Zhagabulak Area of
the North Block, in Kazakhstan. Currently total acquisition is approximately 70%
completed and completion date for acquisition is estimated for January 2005. All
of the seismic data recorded to date has been delivered to Caspian's processing
contractor, Paradigm Geophysical Services. A 100 km2 cube of data, covering a
large area around the producing well #213 is being targeted as the first area of
interest. The interpretation contractor will be Landmark Consulting and the work
will be carried out in their Aberdeen facility. The schedule for choosing the
first well location by April 1, 2005 is on track.

Tendering of the main drilling contracts, drilling contractor and the critical
equipment, is ongoing. The Company is on schedule to award these contracts in
December and January, and plans to spud the first well in May, 2005.

Caspian also announces that Mr. Brian Korney has joined the company as the Chief
Financial Officer. Mr. Korney has replaced Mr. Stephen Austin, who has resigned.
Mr. Korney qualified as a Chartered Accountant in Calgary in 1977. He then went
onto serve as Vice President, Secretary and Chief Financial Officer for Innova
Exploration Ltd, BriAlto Energy Corporation and Electra Energy Corporation.
Commenting, William Ramsay, Chief Executive Officer said:

"We are delighted with the progress we have made on our seismic programme and
are focused on prioritising our exploration activity to spud our first wells in
Spring next year. We are also delighted that Brian Korney has joined the Company
adding significant financial depth and international oil and gas experience."

Caspian is an oil and gas exploration company with operations in the Republic of
Kazakhstan. The Company owns 50% of Aral Petroleum Capital LLP which is
exploring the Zhagabulak Area of the North Block in Kazakhstan. Caspian's shares
are listed on the Toronto Stock Exchange and the Alternative Investment Market
of the London Stock Exchange under the symbol "CEK".



For further information:

Caspian Energy
William Ramsay, Chief Executive Tel: [phone]

Bell Pottinger Corporate & Financial
Ann-marie Wilkinson/Geoff Callow Tel: [phone]

CAUTIONARY NOTE

Some of the statements and information contained in this news release may
include certain estimates, assumptions and other forward-looking information.
The actual performance, developments and/or results of the Company may differ
materially from any or all of the forward-looking statements, which include
current expectations, estimates and projections, in all or in part attributable
to general economic conditions, and other risks, uncertainties and circumstances
partly or totally outside the control of the Company, including oil prices,
imprecision of reserve estimates, drilling risks, future production of gas and
oil, rates of inflation, changes in future costs and expenses related to the
activities involving the exploration, development, production and transportation
of oil, hedging, financing availability and other risks related to financial
activities, and environmental and geopolitical risks. Further information which
may cause results to differ materially from those projected in the
forward-looking statements is contained in the Company's filings with Canadian
securities regulatory authorities. The Company disclaims any intention or
obligation to update or revise forward-looking information, whether as a result
of new information, future events or otherwise, except in accordance with
applicable securities laws.




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

END
MSCGRBDDBGBGGSL

[simonbroughton] 22/9/2004 14:30

Does anyone know if they have a website?

[day_dreamer] 21/9/2004 10:09

Just looked at the online quotes/sizes in this jumbo and it
reminds me of Mrp so i'm staying away from this for now.

Gravy

[jumbo66] 21/9/2004 10:01

ok no bb so here it is re j[hd]

My thoughts on CEK - jumbo66, if you feel this presents a useful summary and want to put some of this in the header, please feel free:

Caspian Energy (AIM:CEK)
------------------------
Caspian Energy is an oil and gas exploration company with operations in Kazakhstan. The Company owns 50% of Aral Petroleum Capital which is exploring the Zhagabulak Area of the North Block in Kazakhstan. Listed on both TSX and AIM so ISAble.

Shares in issue 84.3M (also has 9.2M options, 1.4 warrants). share price of £1.33 bid gives MC of £112M. Working capital 31 Oct '05 was US$15M. Raised US$16M on 7 Feb '06 through debentures which can be converted into shares. EV of approx £96M minimum.

Website:
(contains presentations, latest being 2 Nov '05)

Operations
----------
Caspian Energy acquired 50% interest in Aral Petroleum in Jun '04, which has the subsurface contract for 3,458 km2 of the North Block in Kazakhstan containing a producing field and a number of further prospects. Soviet 2D seismic exists and the Company is shooting new 3D sesimic. Remaining 50% of North Block owned by Azden Management. The North Block contains a number of big producing fields excluded from the Licence, eg. Zhanazol (848 mmbbls), Kenkiyak (500 mmbls), Alibekmola (210 mmbbls).

Out of interest, MXP's East Alibek Block is within the North Block but excluded and is miniscule in comparison to CEK's acreage - see pg12 of the CEK presentation, MXP's Block is the small square east of the Alibekmola field (although obviously, much of MXP's prospectivity is centred on their other 2 blocks which may contain giant fields).

East Zhagabulak Area: Estimated C3 recoverable reserves 187 mmbbls. Contains one producing well EZ-213, which produced 306 bopd during 3Q '05 sold at US$29.54/bbl ($17.46/bbl netback) - CEK has temporary 100% WI in this well. New 3D seismic has been performed by the Company over field area.

First exploration well EZ-301 encountered 101m net oil pay in two intervals. Lower interval (the primary target) flowed 2,532 bopd 39° API oil. Upper zone (a secondary target) currently being acidised with testing soon. Field pipeline already installed and the well is flowing to the production facility. The logging programme for the well has shown that apparent productive intervals were by-passed in earlier Soviet era wells. The Company is investigating major workovers on EZ-213 and nearby plugged well EZ-211. Second exploration well EZ-302 expected to reach TD before end of Mar '06.

Baktygaryn Area: Performed 235 km2 new 3D seismic with processing to be completed Apr '06. Estimated C3 recoverable reserves 259 mmbbls. 9 wells previously drilled, some with oil shows, high pressure or excellent reservoir rock properties.

Other Prospects: Reprocessing Soviet 2D seismic to identify further field area for 3D seismic. Kozdysay area has 170 mmbbls C3 recoverable reserves. Total C3 recoverable reserves for all identified prospects, including above 3, is 726 mmbbls (six identified so far in total). Rest of acreage still to explore.

Investment Rationale
--------------------
Company IMO will follow the path of Nelson Resources with production in 2 years of 10,000-20,000 bopd from 2/3 fields of say approx 200 mmbbls recoverable each. With, say, 400 mmbls producing reserves valued at $5 each, would give a MC of US$2BN (currently £96M EV). However, note that much of this reserve base would be P3 until more development wells are drilled so initial $/bbl will be a lot less.

CEK's acreage encloses Nelson's Alibekmola field. Nelson was bought out at $7/bbl and CEK management have stated their intent to sell off assets when proved up.

Note that CEK's wells are very deep and take a long time to drill (plus expensive). Newsflow is therefore limited and drilling of production wells may be equally slow. Current program shows wells for 2006 as new wells EZ-301, EZ-302 and one further EZ, possible workovers of EZ-211 and EZ-213, 2 new wells on Baktygaryn, one new well on 3rd prospect. Shows 2 rigs in operation by end of 2006.

Possible 8 wells in production by 1Q2007, 6 flowing minimum of 2,500 bopd and 2 workovers at possible +1,000 bopd each, giving CEK net production of minimum 8,500 bopd by early 2007 with 400 mmbbls P1/P2/P3 recoverable reserves.

IMO, there is potentially significant upside in the share price on a 18-24 month view.

DYOR, E&OE, no investment advice intended, etc, etc.