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Large hydrocarbon discovery in Gulf of Mexico
Houston firm announces big find deep beneath Gulf shelf | Business | Chron.com - Houston Chronicle
http://www.mcmoran.com/pdf/2010/011110.pdf
Cliff's Notes:
McMoRan and Energy XXI have found a large hydrocarbon deposit on the shelf, quite near to land but very deep (in a region that was considered "tapped out" 10 years ago).
To quote the news release from McMoRan:
"...could make Davy Jones one of the largest discoveries on the Shelf of the Gulf of Mexico in decades."
Both companies stockholders have been reaping the rewards of this announcement.
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Mike Bradshaw
1980 911SC sunroof coupe, silver/black
Putting the sick back into sycophant!
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