CanArgo Energy Company Description
CanArgo make a go of it? Apparently so. CanArgo Energy, formerly Fountain Oil, is an independent oil and gas company that primarily acquires, develops, and exploits gas and oil properties in Eastern Europe. The main focus of CanArgo Energy is the Ninotsminda field in the Republic of Georgia, where the company's Ninotsminda Oil subsidiary operates a production-sharing venture with Georgian Oil. On 2006 proved reserves at the Ninotsminda field stood at 30.3 billion cu. ft. of natural gas equivalent. CanArgo also holds interests in Kazakhstan. CanArgo has disposed of its oil and gas interests in Ukraine and its petroleum product marketing and refining operations in Georgia.
View the Comprehensive Company Description for CanArgo Energy
The Company Description provides a historical perspective of CanArgo Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CanArgo Energy's evolution in the marketplace.
