Seeking Alpha

McMoRan Exploration Company (MMR +12.6%) announces a major discovery on its Davy Jones...

McMoRan Exploration Company (MMR +12.6%) announces a major discovery on its Davy Jones ultra-deep prospect, saying the find could make Davy Jones one of the largest discoveries on the Shelf of the Gulf of Mexico in decades. MMR has a 32.7% working interest in the site; Plains Exploration & Production (PXP +4.1%) has 27.7%; and Energy XXI (EXXI +22%) has 15.8%. (PR)
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