McMoran engaged in "deep gas" drilling

McMoRan Exploration Co. says it is actively engaged in drilling activities on seven "deep gas" exploratory prospects in the GoM.

Offshore staff

(US, GoM) - McMoRan Exploration Co. says it is actively engaged in drilling activities on seven "deep gas" exploratory prospects in the GoM.

The prospects include Cane Ridge at Louisiana State Lease 18055, JB Mountain Deep at South Marsh Island block 224, Elizabeth at South Marsh Island block 230, Cabin Creek at West Cameron block 95, Point Chevreuil at Louisiana State Lease 18350, Denali at South Pass block 26 and Pecos at West Pecan Island.

McMoRan currently has rights to approximately 285,000 gross acres and continues to identify prospects to be drilled on this lease acreage position. The company says it is also actively pursuing opportunities through its exploration venture to acquire additional acreage and prospects through farm-in or other arrangements.

1/6/06

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