McMoRan and Energy XXI are working furiously to unlock the huge gas discoveries they have made in the Gulf of Mexico Shallow Water Ultra Deep play.

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But, along the way, even including disappointing wells that held no meaningful hydrocarbons, there has been a complete redefinition of the geology of the Shallow Water Ultra Deep play.

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For sure, the view is that perhaps geologically this play extends onshore and not just in the shallow water.

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