McMoRan Exploration (MMR) says it hasn’t been able to clear the blockage at its Davy Jones No. 1...


McMoRan 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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