Freeport-McMoRan (FCX) on Watch after McMoRan Exploration (MMR) Davy Jones Update
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McMoRan (MMR) Had 'Limited Success' in Unblocking Davy Jones No. 1
December 27, 2012 8:19 AM ESTMcMoRan Exploration Co. (NYSE: MMR) pdated its ultra-deep exploration and development activities in the shallow waters of the Gulf of Mexico (GOM) Shelf and onshore in the Gulf Coast area, including ongoing operations at Davy Jones No. 1, completion plans at Blackbeard West No. 2 and operations at Lineham Creek and Lomond North.
McMoRan announced today that operations to achieve commercial production at Davy Jones No. 1 on South Marsh Island Block 230 are ongoing. Recent operations designed to unblock the perforations using a propellant stimulation gun had limited success and McMoRan is initiating operations to re-perforate the... More
