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caspian energy inc (CEK) Snapshot

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caspian energy inc (CEK) Details

Caspian Energy Inc., through its subsidiary, Caspian Energy Ltd., engages in the exploration, development, and production of oil and gas in the Republic of Kazakhstan. The company, through its 40% interest in Aral Petroleum Capital LLP, holds the right to explore and develop oil and gas properties, including North Block covering an area of 2,200 square kilometers located in the vicinity of the Kazakh pre-Caspian basin. Caspian Energy Inc. was incorporated in 1982 and is based in Calgary, Canada.

Founded in 1982

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caspian energy inc (CEK) Key Developments

Caspian Energy Inc. Announces Management Changes

Caspian Energy Inc. announced that it has completed its previously announced acquisition of all of the remaining interests in Aral Petroleum Capital LLP. As a result of the Transaction, the Managing Director of Aral, Chunming Ma, and the Finance Director of Aral, Yelena Teslenko, have been appointed as the Interim Chief Executive Officer and member of the Board, and Interim Chief Financial Officer of the Company, respectively. Chunming Ma: Mr. Ma is currently the General Director of Aral, a position that he has held since August 2013. Yelena Teslenko: Mrs. Teslenko joined Aral effective November 1, 2014 as the Finance Director of Aral.

Caspian Energy Inc. Announces Executive Changes

Caspian Energy Inc. announced that it has appointed Yelena Tselenko as Interim Chief Financial Officer of the company, effective May 15, 2015. Ms. Teslenko is the Finance Director of Aral Petroleum Capital LLP and will replace Brian Korney, who will continue to act as the company's Interim Chief Executive Officer and Corporate Secretary and serve as a director, to allow for an orderly transition and transfer of responsibilities.

Caspian Energy Inc. Auditor Raises 'Going Concern' Doubt

Caspian Energy Inc. filed its Annual on Apr 28, 2015 for the period ending Dec 31, 2014. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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