UPDATE 2-McMoRan to test US Gulf well by month-end
Oil and natural gas producer McMoRan Exploration Co said its Gulf of Mexico well is likely to start commercial production shortly after it measures the rate of flow from the well during the week of July 30.
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#1 Jul 19, 2012
No boots on the ground Wall Street makes demands.
By Dwight Baker
McMoRan to test US Gulf well by month-end
Analysts said it was imperative for the company to start commercial production from the well as a majority of its capital expenditure is locked up there.
Finding a good place to drill is a hard thing. When finding that GLORY HOLE it must be a slow go securing all before taking out of the ground.
Yet for those on Wall Street they have one thing on their mind and that is to have another offering to again refill their corrupted coffers.
If so then we must ask WHY and WHO runs the wheels of Capitalism?
It is NOT the ones who know best it is the Greedy Bastards on Wall Street that grease the wheels of Capitalism.
In this NEW GLORY HOLE found by McMoRan lets hope and pray that the testing does not turn into another Catastrophic Failure as the BP blowout proved out to be.
Add your comments below
|Freeport's frustrated dealmaker Adkerson strike... (Dec '12)||Dec '12||anon||1|
|McMoRan expands find in the Gulf (Nov '11)||Nov '11||Dwight Baker||1|
|McMoRan Exploration announces significant Gulf ... (Jan '10)||Jan '10||anonymous||1|
|McMoRan announces successful production test (Oct '08)||Oct '08||dr renntiger||1|
|Environmentalists hail La.'s governor (May '06)||May '06||Marcus Okeson||4|
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