Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sawikin Harvey
 2. Date of Event Requiring Statement (Month/Day/Year)
04/11/2006		 3. Issuer Name and Ticker or Trading Symbol
CASPIAN SERVICES INC [CSSV]
(Last)
(First)
(Middle)
152 WEST 57TH STREET, 24TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10019		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,075,000
I
See footnotes (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants (right to buy)   (3) 04/11/2009 Common Stock 1,000,000 $ 5 I See footnotes (1) (2)
Common Stock Warrants (right to buy)   (3) 09/01/2006 Common Stock 100,000 $ 5 I See footnotes (1) (2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sawikin Harvey
152 WEST 57TH STREET, 24TH FLOOR
NEW YORK, NY 10019		     X    

Signatures

/s/ Harvey Sawikin 04/25/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Reporting Person is the majority owner of Firebird Management LLC ("Management"), FGS Advisors, LLC ("FGS") and Firebird Avrora Advisors LLC ("Avrora") and may be deemed to control each of Management, FGS and Avrora. Management, FGS and Avrora act as investment advisors to, respectively, Firebird Republics Fund, Ltd., Firebird Global Master Fund, Ltd. and Firebird Avrora Fund, Ltd. (collectively, the "Funds" and individually, each a "Fund") that own the shares subject to this Form 3. FGS is also the General Partner of Firebird Global Fund, L.P., that invests substantially all of its assets in Firebird Global Master Fund, Ltd. As investment advisers to the Funds, each of Management, FGS and Avrora has voting and investment control with respect to the shares held by the Fund that it advises. The Reporting Person may be deemed to have an indirect interest in certain of the shares owned by the Funds through its indirect holdings in the Funds.
(2) The Reporting Person disclaims beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose.
(3) The warrants are immediately exercisable for Common Stock.

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