🕐14.11.13 - 23:54 Uhr

ADVENT ENERGY LTD [ASX: MMR] - INDEPENDENT CONFIRMATION OF BONAPARTE BASIN SHALE GAS POTENTIAL





Fortbridge Media Release

Advent Energy Ltd [ASX: MMR] - INDEPENDENT CONFIRMATION OF BONAPARTE BASIN SHALE GAS POTENTIAL

INDEPENDENT CONFIRMATION OF BONAPARTE BASIN SHALE GAS POTENTIAL

MEC Resources Limited (ASX:MMR) is pleased to provide the following announcement regarding investee Advent Energy Ltd�s (�Advent�) assets in the onshore Bonaparte Basin. Advent holds 100% of EP386 & RL1 in the onshore Bonaparte Basin through wholly owned subsidiary Onshore Energy Pty Ltd.

A recently published independent report has assessed the shale gas potential in Australia�s sedimentary basins, and has described a 6 trillion cubic feet (Tcf) resource for the onshore Bonaparte Basin, equal to a 1.09 billion barrels of oil equivalent (BOE) resource. Key extracts of the report are provided overleaf (please refer to Diagrams 1 and 2).

Advent is pleased to report the independent confirmation of the area�s potential for unconventional gas.

Advent Energy Ltd is an unlisted oil and gas exploration company held by major shareholders MEC Resources (ASX: MMR), BPH Energy (ASX: BPH), Grandbridge (ASX: GBA) and Talbot Group Investments. Advent holds a portfolio of near term development and exploration assets spanning highly prospective acreage onshore and offshore Australia in proven petroleum basins, and its holdings include both conventional and unconventional petroleum targets.

Please refer to the press release attached for full details, including Maps and Diagrams.

For further information please contact:

David Breeze
Executive Director
MEC Resources Ltd
Tel: +61 8 9328 8477

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