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.
media.wotnews.com.au/asxann/01125763.pdf
Risiko: 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$5 million
– Other assets such as funded mineral exploration joint
ventures and future gold royalties on projects with
development plans
Graeme Parsons – Executive Director/CEO
Geologist with 30 years experience in oil and gas exploration,
development and management
Colin Carson – Executive Chairman
More than 20 years of corporate experience in listed companies
Mike Sandy – Director
Experienced petroleum geologist with 30 years experience including
10 years in a management role with Novus Petroleum
Oleg Gaponenko – General Director
Canadian-trained Kyrgyz national director
Alex Novak – Consultant
Experienced Kyrgyz campaigner
www.caspianogl.com
Marktkapitalisierung: 9,32 Mio. CDN$ oder 7,11 Mio Euro
Geduld haben, jetzt (Steuerverkaufs-) Aktien aufsammeln und in 2011 wieder verkaufen.
media.wotnews.com.au/asxann/01125763.pdf
Risiko: 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
