SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    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)    February 28, 2003



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


        Delaware                         0-9147                91-0881481
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 (State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
      of incorporation)                                    Identification No.)

   CanArgo Services (UK) Limited
    150 Buckingham Palace Road
         London, England                                      SW1W 9TR
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 (Address of principal executive offices)                    (Zip Code)




Registrant's telephone number, including area code     (44) 207 808 4700




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          (Former Name or Former Address, if Changed Since Last Report)






ITEM 7.    Financial Statements and Exhibits.

 (c)           Exhibits


99.1 Pursuant to Regulation FD, CanArgo Energy Corporation is furnishing its
     Press Release dated February 28, 2003.


ITEM 9.    Regulation FD Disclosure.


Pursuant to Regulation FD, CanArgo Energy Corporation is furnishing its Press
Release dated February 28, 2003. The Press Release is attached hereto as Exhibit
99.1.


                                   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: February 28, 2003                        By: /s/Liz Landles
                                                  ----------------
                                                Liz Landles, Corporate Secretary