- Current report filing (8-K)
October 09 2008 - 4:52PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October 7,
2008
McMoRan
Exploration Co.
(Exact
name of registrant as specified in its charter)
Delaware
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|
001-07791
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72-1424200
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(State
or other jurisdiction of incorporation)
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|
(Commission
File Number)
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|
(IRS
Employer Identification Number)
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1615
Poydras Street
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|
New
Orleans, Louisiana
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70112
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (504) 582-4000
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
2.02.
Results of Operations and
Financial Condition.
On
October 7, 2008, McMoRan Exploration Co. (McMoRan) issued a press release
updating its Gulf of Mexico operations and the impact of Hurricanes Gustav and
Ike. In the press release, McMoRan stated the following:
“A
charge to third quarter results will be required to reduce the net book value of
certain property damaged in the storm and for related adjustments to estimated
future abandonment costs associated with damaged structures and well
abandonment. Preliminary estimates indicate a charge of approximately
$150 million. McMoRan intends to pursue recovery of costs under its
insurance program, which is subject to a $50 million deductible.
McMoRan
ended the third quarter of 2008 in a strong liquidity position with $160 million
in cash and no borrowings under its $450 million bank credit
facility.”
Item
7.01.
Regulation FD
Disclosure.
The press
release attached hereto as Exhibit 99.1 is incorporated in this Item 7.01 by
reference.
Item
9.01
Financial Statements and
Exhibits
99.1 Press
Release dated October 7, 2008, titled “McMoRan Exploration Co. Updates Gulf of
Mexico Operations and Impacts of Hurricanes Gustav and Ike.”
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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McMoRan
Exploration Co.
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By: /s/
Nancy D. Parmelee
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Nancy
D. Parmelee
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Senior
Vice President, Chief Financial Officer
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and
Secretary
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(authorized
signatory and Principal
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Financial
Officer)
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Date: October
9, 2008
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McMoRan
Exploration Co.
Exhibit
Index
Exhibit
Number
99.1 Press
Release dated October 7, 2008, titled “McMoRan Exploration Co. Updates Gulf of
Mexico Operations and Impacts of Hurricanes Gustav and Ike.”
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