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Atlantic Caspian Res (ACA)

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Monday 14 January, 2002

Atlantic Caspian Res

Statement re. Press Comment

Atlantic Caspian Resources PLC
14 January 2002

Atlantic Caspian Resources Plc ('ACR', 'Company') notes the recent bulletin
board speculation concerning the announcement of a possible refinancing
programme in the near future.  As the Company announced on 28 September 2001
in its interim results, the Company continues to look at ways of refinancing
its debt and will make an announcement when it has finalised any proposals.