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McMoran Exploration Company

07/13/2012 | Press release

MMR Declares Quarterly Cash Dividends on Preferred Stocks

distributed by noodls on 07/13/2012 12:53

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1615 Poydras Street  New Orleans, LA 70112

Financial & Media Contact: David P. Joint

(504) 582-4203

McMoRan Exploration Co. Declares

Quarterly Cash Dividends on Preferred Stocks

NEW ORLEANS, LA, July 13, 2012 - McMoRan Exploration Co. (NYSE: MMR) today declared the following cash dividends payable on August 15, 2012 to holders of record as of August 1, 2012 on its preferred stocks:
 $14.375 per share of MMR's 5¾% Convertible Perpetual Preferred Stock.
 $20.00 per share of MMR's 8% Convertible Perpetual Preferred Stock.
McMoRan Exploration Co. is an independent public company engaged in the exploration, development and production of natural gas and oil in the shallow waters of the Gulf of Mexico Shelf and onshore in the Gulf Coast area. Additional information about McMoRan is available on its internet website "www.mcmoran.com".
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