No 10



CanArgo Acquires New Oilfield In Georgia

Canadas CanArgo Energy Corp announced on 18 February that it had received approval from the Georgian government to obtain 50% of the Block XIB (Samgori) production-sharing agreement and to hold 50% of the blocks license (see map in MEES, 26 August 2002). CanArgo said the interest was being acquired from Georgian Oil Samgori Ltd, which is wholly owned by Georgian Oil. Under the terms of the agreement, up to 10...