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McMoRan Exploration (MMR) says it hasn’t been able to clear the blockage at its Davy Jones...
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Monday, April 9, 2012, 9:29 AM ETMcMoRan Exploration (MMR) says it hasn’t been able to clear the blockage at its Davy Jones No. 1 well in the Gulf of Mexico, so it will remove tubing and clear residual draining fluid. MMR expects a measurable flow rate from the well this quarter and “commercial production shortly thereafter.” MMR -2.3% premarket.
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