UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K


                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of report (Date of earliest event reported)  August 26, 2005

                           CANARGO ENERGY CORPORATION
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             (Exact Name of Registrant as Specified in its Charter)


          Delaware                     001-32145                 91-0881481
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(State or other jurisdiction    (Commission File Number)      (I.R.S. Employer
      of incorporation)                                      Identification No.)

   CanArgo Energy Corporation
   P.O. Box 291, St. Peter Port
   Guernsey, British Isles                                             GY1 3RR
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       (Address of principal executive offices)                       (Zip Code)


Registrant's telephone number, including area code  (44) 1481 729 980
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          (Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):


[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))


The matters discussed in this Current Report on Form 8-K 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.


                            Section 7- Regulation FD

Item 7.01    Regulation FD Disclosure

CanArgo's press release announcing that the Manavi appraisal well, M11Z, reached
a total depth (TD) of 4,570 meters (14,993 feet) and was being prepared for
testing.

The information in this Item 7.01, including Exhibit 99.1 relating hereto, shall
not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that Section, and such information shall not be deemed
incorporated by reference in any filing under the Securities Act, or the
Exchange Act, except as expressly set forth by specific reference in such a
filing.

                  Section 9--Financial Statements and Exhibits

Item 9.01.   Financial Statements and Exhibits

         (c) Exhibits:

Exhibit No.                       Exhibit Description

99.1                              Press Release dated August 26, 2005 issued by
                                  CanArgo Energy Corporation.


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                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                         CANARGO ENERGY CORPORATION

Date: August 29, 2005                By: /s/ Elizabeth Landles
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                                         Elizabeth Landles, Corporate Secretary


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