Tuesday, April 22, 2008

Who is MMR?

McMoRan Exploration Co
MMR:NYSE
Sector:
Energy Industry: Oil & Gas Operations
27.68 0.32 1.17% 1,882,844 Last Trade as of 4:02 PM ET 4/22/08


Who is MMR?
How come i only pick losers when it's about stocks? Do you have MMR in your portofolio? At what price did you get it? ... 'cause i'm pretty sure if i buy now at $25, it will soon go to $17 then maybe $13...

Company Background
McMoRan Exploration Co. is engaged in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area. The Company’s oil and gas operations are conducted through McMoRan Oil & Gas LLC, its principal operating subsidiary. In addition to its oil and gas operations, McMoRan Exploration is pursuing the development of the Main Pass Energy Hub project for the development of a liquefied natural gas (LNG) regasification and storage facility through its wholly owned subsidiary, Freeport-McMoRan Energy LLC. The Company’s estimated proved oil and natural gas reserves at December 31, 2007 totaled 363.9 billion cubic feet equivalent (Bcfe), of which 67.5% represented natural gas reserves. The Company’s production during the year ended December 31, 2007 totaled approximately 39 billion cubic feet (Bcf) of natural gas and 2.7 million barrels (MMBbls) of crude oil and condensate or an aggregate of 55.5 Bcfe.

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