Caspian Energy Inc.-Agreement Signed to Sell 10% Interest in Aral Petroleum Capital LPP
CALGARY, ALBERTA–(Marketwire – Feb. 23, 2010) – Caspian Energy Inc. (“Caspian“) (TSX:CEK) is pleased to announce that its wholly owned subsidiary, Caspian Energy Ltd. (“CEL“), has entered into an agreement to sell a 10% interest in Aral Petroleum Capital LLP (“Aral“) to AsiaStar Petroleum Limited (the “Purchaser“). CEL currently holds an aggregate 50% interest in Aral, which it operates as a joint venture together with Azden Management Limited (“Azden“) which holds the remaining 50% interest in Aral. The sale of 10% of Aral equates to a disposition of 20% of CEL’s total interest in Aral. Pursuant to the agreement, CEL will sell a 10% interest in Aral to the Purchaser, and Azden will sell all of its 50% interest in Aral to the Purchaser, resulting in the Purchaser holding a 60% interest in Aral and CEL holding a 40% interest in Aral. 
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