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McMoRan Oil & Gas LLC
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Susquehanna 2012 Energy & Resources Conference
| James R. Moffett | Page 17 of 11 |
November 23, 2024
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"Susquehanna 2012 Energy & Resources Conference "
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17Evolution of the Sub-salt Ultra-Deep Play to Onshore Evolution of the Sub-salt Ultra-Deep Play to Onshore In addition to LinehamCreek, McMoRanhas Identified Multiple Major Sub-salt Structures Onshore South Louisiana Onshore Prospects are on Primary Structures and Have Significant Areas of Closure McMoRanhas Identified ~30 Tcfeof Gross Unrisk edPotential Associated with Onshore Prospects Onshore Drilling/Development Costs are Lower than Deepwater/Shelf Prospects Like Shelf Wells, Successful Onshore Wells Could Utilize Existing Infrastructure Thunder Horse Discovered in 1999 Blackbeard Discovered in 2008 Davy Jones Discovered in 2010 LinehamCreek Drilling in ProgressNOTE: We use certain phrases and terms in this presentation, su ch as "gross and net unriskedpotential? and ?resource potential? which the SEC's guidelines prohibit us from including in filin gs with the SEC. See Cautionary Statement.