Avent Energy Limited

Carnarvon Basin - EP325

April 23, 2008 11:05 AM

"Approval by the Department of Defence for the project is expected to be sought by June 2008, with first gas delivery anticipated in late 2009".

Strike Oil, the operator of EP325 has submitted the following report to the A.S.X.

"The final report of the front end engineering design study for supplying gas from the Rivoli gasfield (Strike Oil Wl: 44.5%) to the Department of Defence's communications station located north of Exmouth, was submitted during the quarter.  Subject to a suitable gas supply agreement being reached, approval by the Department of Defence for the project is expected to be sought by June 2008, with first gas delivery anticipated in late 2009".

MEC's investee Advent Energy has an 8.3% interest in EP325.

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