CIOC operates an oil field in the prolific oil-producing Caspian Sea region of Western Kazakhstan under a 20-year production license. It provides oilfield services, including seismic surveys and reservoir modeling, to oil and gas industry customers in Kazakhstan and in other countries. CIOC has a unique advantage to accelerate development of its oil field in that its oil services division, with its many years experience and capacity, can provide a number of key services.
Commenting on the appointment, CIOC President Lindell (Lin) Montgomery, said, "CIOC management has developed, and is initiating, strategies to accelerate the development of our oil license near the Caspian Sea in Kazakhstan. We are also rapidly ramping up our established oilfield services business in Kazakhstan, as well as penetrating other surrounding countries and regions. As CIOC continues to push efforts towards growing our businesses, we regard it as very important to present our story of progress to the North American and European investment communities. We look forward to working with ROI Group, due in large part to its in-depth investor relations expertise in the field of oil and gas exploration and production."
Robert Giordano, a Managing Partner of ROI Group, said, "We are very excited to work with Caspian International Oil in proactively communicating their aggressive growth strategies and story to the North American and European financial communities, including institutional and retail audiences. CIOC has a tremendous opportunity to grow its oil and gas operations as well as deliver much needed oil field services, such as seismic logging and analysis."
"ROI Group has a track record for delivering successful investor relations strategies tailored to the requirements of small and micro cap companies, especially oil and gas companies, in order to maximize shareholder value and trading volume. We anticipate the same with Caspian International Oil," continued Mr. Giordano.
Headquartered in Houston, TX, with operations in Almaty, Kazakhstan, CIOC operates through two primary subsidiaries: Kor-Tazh and Dank. Kor-Tazh operates an oil field in the Caspian Sea area of Western Kazakhstan. Dank and its subsidiary, PGD Services, provide oil field services to oil and gas industry customers in Kazakhstan and the surrounding region: services include 2-D and 3-D seismic acquisitions, data processing and interpretation, reservoir modeling and topography.
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