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UPDATE 1-McMoRan posts loss as failed well tests add to costs

2013-01-19 06:30:51| Oil & Gas - Topix.net

McMoRan Exploration Co reported its fourth straight quarterly loss on higher costs resulting from repeated failures to launch a key gas well, a delay that has prompted bidder Freeport-McMoRan Copper & Gold Inc to lower its offer.

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Category:Energy and Environment

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