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ADVENT ENERGY CONTRACTS DRILLING RIG FOR PEP11
April 20, 2010 8:42 AM
MEC Resources (ASX:MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") has signed an agreement with Apache Energy Ltd and Diamond Offshore Drilling (Australia) LLC for the drilling rig Ocean Patriot.
The Ocean Patriot has been contracted to drill PEP11 in the Offshore Sydney Basin. PEP11 is being progressed with joint venture partner Bounty Oil and Gas (ASX: BUY).
An exact date for drilling is yet to be determined and is contingent upon pre-existing contracts between the other parties. The range of dates to commence drilling in PEP 11 is within the third quarter of 2010, with operations currently planned for mid August and expected to take approximately 25 days.