Caspian is still waiting for the renewal of its exploration licences, which is considered an essential prerequisite to farming out the Kyrgyz acreage. A change of Government following the 30 October presidential elections and restructuring of the Mines Ministry to the Agency of Geology and Subsoil Usage have delayed consideration of Caspian’s request. When this deal happens we should see the share price sky rocket.
renewal of exploration licences
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