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Plains CEO says Freeport deal saves gas assets

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Published: Wednesday, 5 Dec 2012 | 11:36 AM ET

Dec 5 (Reuters) - Plains Exploration & Production Co will not have to sell gas assets to fund a recent acquisition as a result of its deal to sell itself to Freeport-McMoRan Copper & Gold Inc, the chief executive of Plains said on Wednesday.

On a conference call to discuss the deal, Jim Flores also said he was bullish on natural gas prices from 2015 onward.

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Dec 5- Plains Exploration& Production Co will not have to sell gas assets to fund a recent acquisition as a result of its deal to sell itself to Freeport-McMoRan Copper& Gold Inc, the chief executive of Plains said on Wednesday.

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