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November 21, 2012
09:04 EDTMURMurphy Oil abandons offshore Congo well and acquires Australia interest
Murphy Oil announced the results of its recent drilling offshore Republic of the Congo in the Mer Profonde Nord permit and entry into a new block offshore Australia. The Opale Marine - 1 well in the MPN Block was unsuccessful and has been plugged and abandoned. The total net cost of the well is estimated at $48M and will be expensed in Q4. As a result, Murphy will also take a noncash charge of $29M in the quarter to write off the Titane Marine - 1 well. The company has also expanded its position in the Browse Basin offshore Australia by picking up a 20% working interest in Block WA-408-P where drilling is expected to begin in December this year.
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May 20, 2015
08:41 EDTMURMurphy Oil announces $250M ASR
Murphy Oil announced that it has entered into a variable term, capped accelerated share repurchase transaction, or ASR, with Wells Fargo Bank, National Association, to repurchase an aggregate of $250M of the company's common stock. The ASR is part of the board authorized program announced on August 6, 2014, to repurchase up to $500M of the company's stock.
May 18, 2015
10:01 EDTMUROn The Fly: Analyst Downgrade Summary
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06:27 EDTMURMurphy Oil downgraded to Sell from Neutral at Goldman
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