Russ Hammond

 Russ Hammond

"Mr. Hammond has served as an Independent Director of CanArgo Energy Corporation since June 1997 and he is a member of both the Company’s Audit and Compensation Committees. For over five years, he has been an investment advisor to Provincial Securities Ltd., a private investment company. Previously, Mr. Hammond was Managing Director of Greenwell–Montagu Securities, a British brokerage firm. He has been Non–Executive Chairman of Terrenex Acquisitions Corporation, an oil and gas joint venture company, since 1992 and a Non–Executive Director of Questerre Energy Inc., an oil and gas exploration and production company listed on the TSX, since 2000. He is currently also a Non–Executive Director of Tethys Petroleum Limited, an oil and gas company with interests in Kazakhstan, which listed on the TSX in July 2007. Mr. Hammond was educated at St. Catherine's College, Cambridge where he obtained a Bachelors' degree in Economics. He holds the Order of Honour for services to the Georgian hydrocarbon extraction industry."