🕐17.03.10 - 07:19 Uhr

MEC Resources [ASX: MMR] - Advent Energy PEP11 Site Survey



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MEC Resources [ASX: MMR] - Advent Energy PEP11 Site Survey

MEC Resources (ASX: MMR) provides an update on current developments regarding investee company Advent Energy Ltd (�Advent�) and its progress towards undertaking a drilling program at PEP11 in the offshore Sydney Basin.

Highlights:

� Investee companies are in advanced stages of negotiating a drilling contract;
� Funding for the well has been procured by Advent Energy Limited and its subsidiary Asset Energy Pty Limited.

Asset holds the option from Joint Venture partner Bounty Oil and Gas (�Bounty�) to drill the first well;
� Discussions have commenced with a number of upstream companies concerning a farm in to the well/permit.

For more on Seismic Reprocessing, Site Surveys, Long Lead Items and Timing of Drill Test, please refer to attached announcement.

For further information, please contact:

David Breeze
Executive Director
MEC Resources Ltd
PO Box 317
North Perth WA 6906
Tel: +61 8 9328 8477

Media Enquiries:
Bill Kemmery
Fortbridge Consulting
Tel: +61 2 9331 0655
Mobile: +61 400 122 449



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