CGX and its partners today announced that its six-month drilling operation for the Jaguar-1 well here was brought to an end without any commercial oil discovery because it wasn’t safe to go deeper.
It was the second offshore well that CGX has participated in this year that has come up dry and a further setback for the company which first attempted exploration here in 2000. The company said today that there is a prospect that the Jaguar-1 well site could be revisited later. Light oil samples were found during the drilling that started in