Caspian Energy Share Discussion Threads

[naithani] 13/6/2008 16:30

Perhaps this RNS news...........

Recommendation for Election of Directors (Caspian Energy)

RNS Number : 6981W
Caspian Energy Inc
13 June 2008


Corporate Governance Advocate Recommends that Shareholders of Caspian Energy Inc. (TSX:
CEK) Vote FOR the Election of the Directors

Calgary - June 13, 2008 - Caspian Energy Inc. ("Caspian") announces that on June 6, 2008
ISS/RiskMetrics formally recommended that its
clients who are institutional investors in Canada and throughout the world vote FOR the
election of the Directors, being William A.G.

Ramsay, Charles J. Summers, Robert S. Pollock, Robert D. Cudney, Gordon D. Harris, John D.

McBride and Adil Mukhamedzhanov and FOR the
appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the
Corporation at the Annual Meeting of Shareholders of
Caspian to be held on Tuesday, June 24, 2008.

ISS/RiskMetrics is one of the world's leading providers of corporate governance and proxy
voting solutions. It provides proxy research,
voting services and corporate governance advisory services to financial institutions and
corporations worldwide.

ISS/RiskMetrics noted in the report that the Caspian Board will be majority independent.

There are no insiders on any key committees.

Caspian will be holding its 2007 Annual Meeting of Shareholders on June 24, 2008 at 3:30
p.m.(Toronto time) at the National Club, 303
Bay Street, Toronto, Ontario. To ensure your vote counts, Management proxies voting FOR,
should be submitted prior to 3:30 p.m. (Toronto
time), on June 20, 2008 using one of the methods described on the form of proxy. For more
information on how to vote your proxy or where to
receive the Caspian proxy circular, investors should contact Kingsdale Shareholder Services
Inc., Caspian's proxy and information agent at
the following North American toll-free number 1-866-879-7650.

For further information, please contact:

William Ramsay
President and Chief Executive Officer
020 7861 3232

CAUTIONARY NOTE

Certain statements contained in this press release are forward looking statements, including
estimates, assumptions and other
forward-looking information. The actual performance, developments and/or results of Caspian
may differ materially from any or all of the
forwardlooking 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 Caspian, 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
Caspian*s filings with Canadian securities regulatory authorities. Caspian 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.

Not for distribution to United States newswire services or for dissemination in the United
States.The securities referred to herein have not
been registered under the U.S. Securities Act of 1933 and may not be offered or soled in the
United States or to a U.S. person absent
registration or an applicable exemption from registration.



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

END

NRAGUUWCQUPRGWW

[ruthykins] 13/6/2008 16:06

I wonder if the drop today has been contributed to by that A. People may have clicked on it and not noticed the date of the last RNS as being 11th june? just a thought

[cleo1601] 13/6/2008 15:34

rang advfn. they don't know why that A is there. No RNS and nothing from another news source. They're looking into it. No movement on the other exchange. My heart stopped for an instant when I saw it!

[cleo1601] 13/6/2008 15:25

An 'A' on advfn but no announcement?

[htrocka] 12/6/2008 23:10

all around the globe there is an established link between the Upper Perimian and Lower Triassic formations....CEK have acknowledged that Hydrocarbons are present in the Triassic......we`ll have to wait for the Total Drilling Depth report.

[tarzanhey] 12/6/2008 00:09

cleo? could be time to buy now

[htrocka] 11/6/2008 19:47

It`s the first time I`ve seen this today....and initially, obviously gutted...yet they issued an rns before reaching total depth, this I found strange. Also went through the Triassic that indicated hydrocarbon presence....and the Canadians are currently giving the thumbs up....very strange....we`ll have to sit this one out. When Ramco drilled at Donegal a couple of years ago.....they got down to about half way....no sign of Hydro-carbons....and pulled the plug......these are going deeper...we`ll have to wait for the rns that states they`ve reached total depth of 2500m....I don`t believe this is lost.


ps...the Canadian will testify to the fact that this is definitely over sold.......the LSE market has deliberately dropped the the price to such a point that it prevents the 100mda crossing the 200mda...the Canadians will force them to retract.

[drewz] 11/6/2008 15:51

Bear in mind they are producing oil and getting some cash in at a decent price per barrel now from previous drills, even though they had a lot of technical difficulties en route.

I believe the re-rating was as much about the increased cash flow from existing production and confirmation of the successful fund raising (which gives some security for the current season's drill prog) as it was about speculating on a drill success at #703.

There's plenty of oil around in their licence area. They'll strike a good 'un before long.

[cleo1601] 11/6/2008 15:35

Rupe
They got their selling out of the way earlier I think!

[rupe1958] 11/6/2008 15:16

Seems to holding very steady over in Canada. Amazing. It's usually such a jumpy market. Hopefully they think there's something worth hanging on for. Like some farm-in news, or the next well.

[unionhall] 11/6/2008 12:19

8trader - indeed, if you have the discipline to leave it at £500 and to sell to reap the profits.

My discipline is not that great.....

[8trader] 11/6/2008 12:08

unionhall.

Probably a load of punters who like to stick £500 into every tiny oil
and exploration company and let them ride.

Would have been a very profitable way to make money if you banked a
profit each time one of them quadrupled with the likes of Eel, Eo.
etc etc and just wait patiently one by one for each to do this.

Even if a few fail the rewards will outstrip the losses.

[unionhall] 11/6/2008 12:00

Cleo - true, but as you say it moves it into the long(er) play category at a time when lots of small oilers are getting a rerating. Depends on one's timeframe. Yet it was sad news, more so given the rise in the last few weeks.

[cleo1601] 11/6/2008 11:57

at least we know they have the money for drilling now, which derisks it in my mind. We'll eventually find commercial oil, just as we've all given up I suspect! I added today as they are ISAable. Sad news though.

[unionhall] 11/6/2008 11:40

I like to have a nibble in all oil stocks that tumble too far on
one disappointment

Cheers 8trader - I agree with your comment above - but only if it is a small dissappontment which masks a much greater upside. My take is that this is not the case here.

Good luck with your investments....

[8trader] 11/6/2008 11:37

unionhall.

Fair enough, these 4 mm's are well jittery here, they move and down
wildy on any trade, i would certainly keep the bets small here as it
is high risk stuff.

[unionhall] 11/6/2008 11:35

8 trader - that is a fairly optimistic view I think.

The market just retraced to above where it was before 703 excitement built up.

After this failure there will be no such excitement for the next well and failure there would mean a long slide for the summer (imho).

[8trader] 11/6/2008 10:58

The market makers just "tried" it on when they marked down to 12-15p,
they were hoping some holders would panic and sell extremely cheaply
but nobody did, in fact around 90% of the volume is buys.

I like to have a nibble in all oil stocks that tumble too far on
one disappointment, same happened with MTA and within weeks it
jumped when they had good news somewhere else.

High risk so dyor.

[water30] 11/6/2008 10:47

This part of the statement is interesting:-

'The Company remains highly confident on its remaining post-salt prospects and their prospectivity is not affected by the results of Baktygaryn ž703'

I think these should recover nicely in due course. Lots of drilling planned.

[sali2] 11/6/2008 09:11

just bought 5k @15p was quoted 17p for 10k

[regandjess] 11/6/2008 08:54

POST 557.....Oh Dear!!!!!!!

[8trader] 11/6/2008 08:47

Sell 37,500 shares at 13.1p....buy 375 shares at 15p.

That alone should mean a sharp bounce, mm's hoping for
panic sellers but wont offer stock at this price.

[chesty1] 11/6/2008 08:44

htrocka - 10 Jun'08 - 21:40 - 557 of 560

graphs don`t lie.......this IS going North.

I think not..!

Be lucky to all & hope it turns around for all holders.

[8trader] 11/6/2008 08:27

Bit harsh of a fall on that news, other stocks dont drop this much
on that.

Should recover a bit during the day when gamblers take a punt.