CanArgo Energy Corp. (fka CANRQ)

[cunning plan]

The Russians

I have to wonder. Have the Russians been involved with this operation? What would happen if the company was successful and Georgia became not only independent, but wealthy from its oil resources?

I have to wonder about all the bad luck this company has had. It's just one thing after another. If luck is where opportunity meets planning could not bad luck be the same? Since the company has to hire local people could not somebody be working to sabotage the operation?

It seems to satisfy Management, all the company has to do is earn enough to pay bloated executive salaries and have a few crumbs left over for the locals.

If the company goes bankrupt, the PSC's (worth billions) could go to a new company, one that might be better at looking after stockholder value.

Maybe this is Putin's updated version of "The Trust" of Felix Dzerzhinsky's days.

CP