The Flatrock-2 delineation well, which commenced drilling in October 2007, is located approximately one mile northwest of the Flatrock discovery well.
McMoRan announced that the Flatrock-2 well has been drilled to 17,684 feet and log-while-drilling tools have indicated an additional resistive zone totaling 30 net feet of pay below 17,100 feet.
The Flatrock-3 delineation well, which commenced drilling in November 2007, is located approximately 3,000 feet south of the Flatrock discovery well. The well has been drilled to 17,100 feet and log-while-drilling tools have indicated two additional zones.
McMoRan also announced that the Hurricane Deep discovery at South Marsh Island Block 217 is producing at a gross rate of approximately 19 million cubic feet equivalent per day (MMcfe/d), out of which 4MMcfe/d is net to McMoRan. The firm owns a 17.7% net revenue interest in the well.
