Mr Perry is an experienced oil and gas professional with over 40 years of organizational, financial, commercial and technical experience within the international exploration and production industry. From 2000 to 2005, he was chairman of Oilfield Production Consultants, a petroleum and reservoir engineering consultancy.

Vincent McDonnell, chairman, president and CEO of CanArgo, said: I am extremely pleased to have Anthony join us as an independent non-executive director and also as a member of the company’s audit committee. Anthony’s broad experience and expertise in oil and gas will be invaluable as we continue to develop and grow the company.

This appointment means that we now satisfy the continued listing requirements of the American Stock Exchange for a majority of independent directors on the board and three independent directors on the audit committee.