McMoRan Exploration (MMR -0.8%) says it has booked the first reserves from the closely-watched...

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

McMoRan Exploration (MMR -0.8%) says it has booked the first reserves from the closely-watched ultra-deep onshore gas well Lineham Creek in Louisiana. MMR estimates Lineham's proved, probable and possible oil and gas reserves of 546.7B cubic feet equivalent, with 141.7B net to MMR.