CGX and its partners yesterday 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 was not safe to go deeper, but and talks with government already started on re-drilling with a new well-design.
It was also the second offshore well that CGX has participated in this year that has come up dry but the company signalled that light oil samples that were recovered would hold “significant promise” while government
