Seeking Alpha

McMoRan Exploration (MMR) -9.2% premarket following another negative update from its Davy Jones...

McMoRan Exploration (MMR) -9.2% premarket following another negative update from its Davy Jones No. 1 well, as recent operations to stimulate the well by injecting a solvent to dissolve barite in the perforations had limited success. This follows last week's Davy Jones update, which sent shares reeling 31%. Energy XXI (EXXI), which owns a working interest in the well, -1.4%.
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