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McMoRan Exploration (MMR +8.8%) shares surge despite a widening Q2 loss Y/Y, as it expresses...

McMoRan Exploration (MMR +8.8%) shares surge despite a widening Q2 loss Y/Y, as it expresses optimism about drilling activity in the shallow waters of the Gulf of Mexico. MMR expects to conduct a measurable flow test on the first Davy Jones well during the week of July 30, with commercial production shortly thereafter. MMR has invested nearly $1B in the ultradeep Davy Jones field.
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Comments (1)
  • dick roberson
    , contributor
    Comments (61) | Send Message
     
    Invest in MMR, EXXI, and TISDZ to participate in this exciting long
    term development in the Gulf of Mexico. Potential of 130Tcf in reserves over a 200 mile area. Go to http://www.mcmoran.com to listen to
    James R, Moffett's comments in today's webcast.
    17 Jul 2012, 03:00 PM Reply Like
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