🕐14.08.12 - 02:27 Uhr

MEC RESOURCES [ASX: MMR] - PEP11 RENEWAL



MEDIA DISTRIBUTION BY
MEC Resources [ASX: MMR] 
http://www.mecresources.com.au/


PEP11 Renewal

MEC Resources Limited (ASX:MMR) has advised that investee company Advent Energy Ltd has confirmed the renewal of its key offshore Sydney Basin permit Petroleum Exploration Permit 11 for a further five year term.

The renewal was formally granted on 13 August 2012.

 
PEP11 is held by Advent’s wholly owned subsidiary, Asset Energy Pty Ltd and Bounty Oil and Gas NL.

The minimum permit commitments are defined below:

  • Permit year 1 - 2000 km 2D seismic reprocessing; Geotechnical studies
  • Permit year 2 - 2000 km 2D seismic reprocessing; Geotechnical studies
  • Permit year 3 - Geotechincal studies
  • Permit year 4 - Drill one explroation well
  • Permit year 5 - 500sq km 3D seismic survey

Click here for full announcement

For further information, please contact: 

 
David Breeze
Executive Director
T: +61 8 9328 8477
 
Peter-John Lewis
Fortbridge 
E:
P: +61 2 9003 0481
M: +61 416 290 604 





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