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

|About: McMoRan Exploration Co. (MMR)|By:, SA News Editor

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.