VOL. XLVI

No 10

10-March-2003

CASPIAN

Aurado Says Acquisition In Kazakstans Liman Block Completed

Canadas Aurado Exploration announced on 3 February that the acquisition of a 90% interest in Kazakstans onshore Liman block had been completed by a wholly-owned subsidiary of Vela Financial Holdings, which owns around 17% of Aurado. A statement released by Aurado said that under the agreement, Aurado assigned its rights and obligations in the Liman project to Vela and Vela in return paid $4.9mn to the...