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Stock Market & Financial Investment News

News Breaks
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.
News For MUR From The Last 14 Days
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November 24, 2014
07:29 EDTMURMurphy Oil price target lowered to $62 from $75 at Oppenheimer
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November 18, 2014
07:40 EDTMURMitsubishi UFJ to hold a conference
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November 13, 2014
10:24 EDTMURMurphy Oil management to meet with Oppenheimer
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