Fortbridge Media ReleaseMEC Resources [ASX: MMR] - Advent Energy - Unconventional shale gas and conventional gas prospectivity in onshore Bonaparte BasinMEC Resources Limited (ASX: MMR) has provided the following detail in relation to its investee company Advent Energy Ltd and the prospectivity of Advents unconventional and conventional oil and gas assets in the onshore Bonaparte Basin (north-eastern Western Australia and north-western Northern Territory).
Advents major shareholders remain MEC Resources, BPH Energy (ASX: BPH), Talbot Group and Grandbridge (ASX: GBA).
Unconventional shale gas
Advent has 100% interests in EP386 and RL1 which cover 2,568 km2 and 166 km2 respectively in the onshore Bonaparte Basin.
The Bonaparte Basin covers adjacent areas of the Western Australian and Northern Territory border. Immediately within the basin is the Ord Phase Two project, in which the Australian and Western Australian Governments are spending over $300m to develop road works and infrastructure.
Conventional natural gas
Advents conventional gas assets within EP386 and RL1 include the Weaber Gas Field and the Waggon Creek and Vienta gas discoveries. There have been four conventional gas discovery wells drilled in Advents 100% owned and operated Bonaparte Basin permits of EP386 and RL1. In EP386 the three main discoveries made so far are Vienta, Waggon Creek and Bonaparte and in RL1 in the Northern Territory, Weaber. Other wells drilled have been technical successes for both gas and oil. During the testing of wells in EP386 and RL1, gas flows of up to 4.5 MMscf/d have been recorded.
Please see more in the attached 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