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WELCOME to CanArgo Energy Corporation.
CanArgo Energy Corporation ("CanArgo") is an international oil and gas exploration and production company operating in the exciting oil and gas provinces of the former Soviet Union.
CanArgo is currently focused on Georgia in the Caucasus where it has a large portfolio of attractive exploration, appraisal and development projects in the onshore Kura Basin in the east central part of the country. The company has been applying modern technology, including the use of horizontal drilling, in the rehabilitation of old fields for the production of unswept oil while actively exploring for new deposits of oil and gas in "neglected" parts of this proven hydrocarbon basin. In recent times, it has completed two deep exploration wells with promising results, and is currently preparing to test one of these potential large new oil discoveries.
In Georgia, CanArgo has its own drilling rigs and equipment which allow it to operate efficiently and cost effectively in this area.
CanArgo's strategy for growth is to grow the company into a major player in the oil and gas industry in the former Soviet Union through exposure to projects with significant upside while maintaining a cost structure and risk profile suited to an independent oil company.
CanArgo is listed on the American Stock Exchange (Amex) and the Oslo Stock Exchange (OSE) under the symbol "CNR".
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Press Releases |
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CNR Calendar 2007 |
| Annual General Meeting, Boston, MA (June 5) |
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