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McMoRan Exploration's (MMR -22.3%) update of its activities in the Gulf of Mexico fails to slow...

McMoRan Exploration's (MMR -22.3%) update of its activities in the Gulf of Mexico fails to slow the day's precipitous drop in its shares, despite positive drilling results onshore at Lineham Creek. MMR says it will provide more updates on troubled Davy Jones No. 1 as flow-testing operations progress and a measurable flow test is achieved.
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