CNR - Sector: Energy --- Industry: Oil & Gas Operations

[setravis]

Moving to the up side in the pre-market

CANARGO ENERGY CORP (AMEX:CNR) Delayed quote data 

Pre-Market (RT-ECN): 1.52  0.08 (5.56%)

Last Trade: 1.44
Trade Time: Dec 13
Change: 0.00 (0.00%)
Prev Close: 1.44
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: N/A

  Day's Range: N/A - N/A
52wk Range: 0.65 - 2.25
Volume: 101,700
Avg Vol (3m): 1,601,180
Market Cap: 320.51M
P/E (ttm): N/A
EPS (ttm): -0.05
Div & Yield: N/A (N/A)


Press Release Source: CanArgo Energy Corporation


CanArgo Energy Corporation: Update on Norio Exploration Well
Wednesday December 14, 8:33 am ET


TBILISI, Ga.--(BUSINESS WIRE)--Dec. 14, 2005--CanArgo Energy Corporation ("CanArgo") (OSE:CNR)(AMEX:CNR - News) today gave an update on the Norio MK72 exploration well in Georgia.


The well is currently at a depth of 4,900 metres (16,072 feet) having encountered what is believed to be the top of the Middle Eocene primary target zone at 4,812 metres (15,787 feet). During drilling of this reservoir interval with lower weight water-based mud, oil, gas and condensate shows have been encountered with hydrocarbons being observed at surface. Currently we are working to free the bottom-hole assembly prior to drilling ahead.

It must be stressed that the oil and gas indications being observed in this well do not necessarily mean that this reservoir will prove to have commercially produceable hydrocarbons. Further data will be required including wireline logs and flow test data prior to any firm conclusions being drawn. In addition there remain the usual technical risks in completing a deep well with a slim hole such as this.

CanArgo also announced that the Manavi M12 appraisal well has been spudded and is currently drilling ahead at a depth of 106 metres (348 feet).

CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in the Republic of Georgia and in Kazakhstan.

The matters discussed in this press release include forward-looking statements, which are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include the uncertainties inherent in oil and gas development and production activities, the effect of actions by third parties including government officials, fluctuations in world oil prices and other risks detailed in the Company's reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The forward-looking statements are intended to help shareholders and others assess the Company's business prospects and should be considered together with all information available. They are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company cannot give assurance that the results will be attained.

A registration statement relating to a proposed secondary offering of shares of the Company's common stock has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. CanArgo Energy Corporation (AMEX:CNR - News; OSLO STOCK EXCHANGE:CNR)



Contact:
CanArgo Energy Corporation
Julian Hammond
Investor Relations Manager
+44 7740 576 139
Fax: +44 1481 729 982
Email: [email protected]
OR
Gambit H&K AS
NORWAY
Regina Jarstein
+ 47 95213451
OR
CEOcast.com
USA
Michael Wachs
+1 212 732 4300

--------------------------------------------------------------------------------
Source: CanArgo Energy Corporation

[setravis]

HEADLINES
January News Headlines Link.......  http://finance.yahoo.com/q/h?s=CNR

• CANARGO ENERGY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
EDGAR Online (Wed, Jan 25)
 
• CanArgo Energy Corporation: $13 Million Convertible Financing Announced
Business Wire (Mon, Jan 23)

• [$$] Stocks Retreat Across the Region
at The Wall Street Journal Online (Thu, Jan 12)
 
• CANARGO ENERGY CORP Files SEC form 8-K, Entry into Material Agreement, Regulation FD Disclosure, Financial Statements
EDGAR Online (Wed, Jan 11)
 
• CanArgo Energy Corporation: Press Release Correction
Business Wire (Mon, Jan 9)
 
• CanArgo Energy Corporation: Kazakhstan Gas Contract Signed
Business Wire (Mon, Jan 9) 

Hold for 2006.
Let us see if it can breakout the the upside from this
Ascending Triangle (Continuation) Pattern
Should have run already with rest of oil and gas plays, IMHO.
The gas supply contract, which has a term until June 2014, is based on a take-or-pay principle and covers all gas produced from the Kyzyloi Field Production Contract area.

[setravis]

Been moving.
Put a Double bottom in......
Having outstanding volume days...
Volume: 4,014,400
Avg Vol (3m): 708,038

Technicals
Most Actives
Percentage Gainer
RS Rating: 98 

[kslifka]

No posts on CNR

Man what a run

[Terliso]

CNR is here.. delete that one & post it here

[kslifka]

Sorry, did a search and came up empty.

Nice looking chart.

[setravis]

moving north again....

Volume: 2,005,900
Avg Vol (3m): 923,016

52wk Range: 0.61 - 2.25

[setravis]

Let's see if the Golden Cross will help...

[setravis]

"CNR" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.        
All history on a stock pick in 1 thread is awesome.       

Thank You....and good luck with all your trades....make some $$$   

[setravis]

Press Release Source: CanArgo Energy Corporation


CanArgo Energy Corporation: Manavi 12 Reaches Total Depth
Monday December 18, 12:15 am ET


TBILISI, GEORGIA--(MARKET WIRE)--Dec 18, 2006 -- CanArgo Energy Corporation (AMEX:CNR - News) (OSE: CNR) ("CanArgo") today announced that it has completed drilling on its Manavi 12 appraisal well in Georgia reaching total depth ("TD").


The M12 well was drilled to a depth of 16,762 feet (5,109 metres) in the Cretaceous interval to appraise the oil discovery made by the Manavi M11 exploration well in 2003. Electric logs have been run and preliminary log analyses indicate a potentially significant hydrocarbon column in the well with no definitive presence of a hydrocarbon-water contact. The upper carbonate section appears to have the best reservoir characteristics and had good hydrocarbon shows whilst drilling. The testing programme will focus on this interval, and also on the upper part of the underlying interbedded section and an 886 feet (270 metre) section of the well will be tested through a pre-perforated liner. Once the liner is run, it is planned to perform a short initial production test to gain interim flow and fluid data prior to demobilising the Saipem rig. The initial test is expected to be completed by the end of this year and the well will be more comprehensively tested as part of a longer-term production test commencing late January after the rig has been cleared from the site and appropriate additional testing equipment installed.

CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in Georgia and in the Republic of Kazakhstan.

The matters discussed in this press release include forward-looking statements, which are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include the uncertainties inherent in oil and gas development and production activities, the effect of actions by third parties including government officials, fluctuations in world oil prices and other risks detailed in the Company's reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The forward-looking statements are intended to help shareholders and others assess the Company's business prospects and should be considered together with all information available. They are made in reliance upon the safe harbour provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company cannot give assurance that the results will be attained.


Contact:
     Contacts:
     USA
     CanArgo Energy Corporation
     Sabin Rossi, VP External Affairs and Investor Relations
     (617) 669-1841
     (617) 973-6406 (FAX)
     Email: [email protected]
     
     NORWAY
     Gambit H&K AS
     Eric Cameron
     +47 (22) 048206
     
--------------------------------------------------------------------------------
Source: CanArgo Energy Corporation

[setravis]

MACD bouncing off center line,
gap up and out of the Symmetrical Triangle (continuation) Pattern.

52wk Range: 0.61 - 1.59
Volume: 1,441,100
Avg Vol (3m): 747,268

[setravis]

Looks like the move is picking up some steam again.

52wk Range: 0.61 - 1.59
Volume: 806,500
Avg Vol (3m): 719,673

Technicals
Record Price High
Most Actives
Record Price Break Out
Percentage Gainer

RS Rating: 80 

Fundamentals
Key Data:
Market Cap (M): $292.70 

[setravis]

In After Hours trading Friday 09/07/2007
This one was up 34.15% to $1.10