Seeking Alpha

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

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.
Comments (1)
  • This is the first of massive reserves to be booked in the ultra deep. This is a bit shallower but can be booked as it has a corollary producing area nearby. This and all future will benefit the Royalty trust as well as FCX. and MMR
    20 Feb 2013, 01:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)