OilVoice - McMoRan Announces Positive Drilling Results at Blueberry Hill

McMoRan Announces Positive Drilling Results at Blueberry Hill

Wednesday, August 04, 2010

McMoRan Exploration Co. announces that the Blueberry Hill #9STK1 well, located on Louisiana State Lease 340 in 10 feet of water, has been drilled to true vertical depth of 23,630 feet (24,385 feet measured depth). The gamma ray and resistivity information from log-while-drilling tools indicate a possible hydrocarbon bearing zone in a high quality sand measuring 105 feet. Wireline logs will be required to fully evaluate this section. McMoRan will continue to deepen the well.

McMoRan owns a 42.9 percent working interest and a 29.7 percent net revenue interest in the Blueberry Hill well. Plains Exploration & Production Company holds a 47.9 percent working interest.