Ann: Caspian discovers attractive exploration tar, page-2

re: Ann: Caspian discovers attractive explora... "Following the resumption of operatorship of the Companys Kyrgyz assets, Caspian Oil & Gas
Limited has identified a total of 25 prospects and leads with Prospective Resources totalling 242
million barrels (mmbbl).

The opportunities range up to 55mmbbl mean Prospective Resource (unrisked) and an average of
around 10mmbbl across the portfolio. In addition, the Company has identified several attractive
gas prospects.


Armed with these opportunities, the Company is now looking to farm out an interest in over 7,000
sq km of prospective ground in the Fergana Basin. Several companies have signed confidentiality
agreements which allow them to receive proprietary data to evaluate the opportunity."


-Total prospectivity of 242M bls
-Leads ranging from 10M bls to 55M bls
-Several companies already signed confidentiality
agreements regarding farm in