Caspian Energy Names New Director

Caspian Energy announced that Mr. Michael Nobbs has been appointed to Caspian's board of directors. Michael Nobbs is a professional, independent director and investment banking consultant. He advises in the area of corporate finance, business planning, mergers and acquisitions, and, in other instances, has acted as Remuneration, Investment, Audit, Governance and Special Committee Chairs. His recent activities include initial public offerings, company reorganizations, the structure of joint ventures, and work on both the AIM and the TSX/V stock exchanges. As an advisor to UK and US private equity groups on specific acquisitions and investments, he has worked with consultants to design comprehensive compensation plans. Mr. Nobbs' general sector focus is oil, gas and alternative energy.