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UPDATE 1-McMoRan posts loss as failed well tests add to costs
Reuters: Company News
Posted on January 18, 2013 at 08:27 AM EST
Jan 18 (Reuters) - 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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ENERGY USD UNRESTR
Freeport-McMoRan Copper & Gold
McMoRan Exploration Co.
Plains Exploration & Production Co.
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