McMoRan Welcomes New Board Members

McMoRan Exploration announced the appointment of James C. Flores and John F. Wombwell to its Board of Directors.

James C. Flores, 51, is Chairman of the Board, President and Chief Executive Officer of Plains Exploration & Production. Mr. Flores has over 25 years of experience in the oil and gas business, including serving as Chairman and CEO of PXP since 2002. He also served as Chairman of the Board of Plains Resources, Inc. (now named Vulcan Energy Corporation) from 2001 to 2004 and is currently a director of Vulcan Energy.

John F. Wombwell, 49, has served as Executive Vice President, General Counsel and Secretary of PXP since 2003. He was previously a partner at the national law firm of Andrews Kurth LLP and previously served as General Counsel with two publicly traded companies.

McMoRan's Co-Chairmen, James R. Moffett and Richard C. Adkerson said, "We are pleased to welcome Jim Flores and John Wombwell to McMoRan's Board. We look forward to their guidance and counsel and are pleased to have the continued support and confidence of PXP as we work to create asset values and build on McMoRan's success."

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