Advent

Advent Energy Operational Update

Wed, 03 Mar 2010 08:48:10 +0700

MEC Resources' investee Advent Energy Ltd is pleased to advise that it has commenced procurement of long lead items and selected/awarded key service providers for the drilling of PEP 11 in the offshore Sydney Basin. Key contracts include, wellhead and surface conductor, casing and Helicopters.

By engaging these key suppliers Advent is well prepared for its anticipated drilling later in 2010.

Advent Energy PEP11 Seismic Reprocessing

Thu, 19 Nov 2009 10:46:05 +0700

MEC Resources (ASX:MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") is progressing its reprocessing of 2004 2D seismic data acquired over PEP11 in the offshore Sydney Basin.

The first tranche of this work is expected to be completed by the end of November, including coverage of the primary drilling target area.

The reprocessing, developed by Fugro Multi-Client Services over the last six months, has shown marked improvement from the original processed data. As a result, Fugro were contracted to reprocess in tranches the entirety of the 2004 Baleen 2D Seismic Data.

ADVENT ENERGY ONSHORE BONAPARTE BASIN EXPLORATION

Wed, 18 Nov 2009 14:46:55 +0700

MEC Resources (ASX:MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") is undertaking an airborne geophysical survey over EP386 and RL1 in the onshore Bonaparte Basin, Western Australia and Northern Territory respectively. The survey will be carried out by Pinemont Technologies Pty Ltd and it is anticipated to commence the week beginning Monday 23rd November.

The object of the survey is to detect transients of secondary magnetic fields associated with micro-seepage plumes and REDOX cells over hydrocarbon reservoirs. In addition to the Weaber Gas Field in RL1, there are a number of leads and prospects in EP386 and RL1 as well as unknown prospectivity in much of the permits. The aim of the survey is to upgrade these various prospects in EP386 and RL1 for further evaluation for drilling.

Advent holds a 100% interest in each of EP386 and RL1.

MEC Resources feature on Cannell 9's Mining Matters

Wed, 18 Nov 2009 12:56:06 +0700

Click here to view the video

Approval for Pre-Drilling Site Survey

Thu, 05 Nov 2009 08:40:37 +0700

MEC Resources (ASX:MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") has received approval from the New South Wales Department of Primary Industry (NSW DPI) for the pre-drilling site survey in the offshore Sydney Basin petroleum exploration permit PEP11.

Advent, through wholly owned subsidiary Asset Energy Pty Ltd, was required to submit an Environmental Plan (EP) to the NSW DPI for its proposed exploration activities in PEP11.

The NSW DPI has subsequently advised that the geophysical site survey component of the EP has been accepted, pursuant to the Commonwealth Peroleum (Submerged Lands) (Management of Environment) Regulations 1999.

EPBC Act Approval for Pre-Drilling Site Survey in PEP11

Wed, 21 Oct 2009 10:47:48 +0700

EPBC ACT APPROVAL FOR PRE-DRILLING SITE SURVEY - PEP11 OFFSHORE SYDNEY BASIN

MEC Resources (ASX:MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") has received approval from the Department of Environment, Water, Heritage and the Arts (DEWHA) for the pre-drilling site survey in the offshore Sydney Basin petroleum exploration permit PEP11.

PEP11 Offshore Sydney Basin - Direct Hydrocarbon Indicators

Thu, 24 Sep 2009 10:06:25 +0700

..."These anomalous features are considered prime indicators for the occurrence of hydrocarbons and Advent believes that these DHI are highly encouraging for the prospectivity of PEP11 in the offshore Sydney Basin"

Offshore Sydney Basin - Brazilian Analogue for New Prospective Hydrocarbon Plays

Tue, 11 Aug 2009 13:03:58 +0700

MEC Resources Limited (ASX: MMR) is pleased to advise that its investee company Advent Energy Ltd (Advent) has interpreted significant new prospective multi-Tcf stratigraphic plays in an ongoing review of its exploration data for the PEP11 offshore Sydney Basin project (JV partner - Bounty Oil & Gas NL (ASX: BUY).

Advent has previously reported the prospective P10 unrisked gas resource estimate of 16.3 trillion cubic feet for the permit (ASX: MMR 27 October 2008), as residing in deeper, structural Permo-Triassic targets associated with the Offshore Uplift.

PEP11 covers a very large area (over 8,100km2). In addition to the aforementioned prospects, further examination of features in the Cainozoic sediment wedge overlying the Permo-Triassic sediments along the Sydney Basin continental shelf has demonstrated "soft" high amplitude anomalies (reverse polarity to the water bottom reflector) that are observed along sequential seismic lines continuously over considerable (>60 km) lateral NE-SW extent.

MEC Resources Announce Significant Gas Features

Mon, 23 Mar 2009 14:21:54 +0700

Offshore Sydney Basin - Significant Gas Features

• New hydrocarbon indicators revealed
• Evidence of extensive gas generation
• Key consultants appointed and potential joint venture partner discussions underway
• Advent looking to secure an appropriate drill rig

MEC Resources Ltd (ASX:MMR) advises that its investee entity Advent Energy Ltd (Advent) has interpreted significant new seismically indicated gas features in an ongoing review of its exploration data for the PEP11 offshore Sydney Basin project (JV partner - Bounty Oil & Gas NL (ASX: BUY)

Advent Energy Executive Director Presents at APPEX 2009

Wed, 04 Mar 2009 08:53:34 +0700

MEC Resources advises that its investee entity Advent Energy Ltd is exhibiting at the American Association of Petroleum Geologists Prospect and Property Expo (APPEX) in London on the 3-5 March, 2009. Mr David Breeze, Executive Director of Advent and Managing Director of MEC Resources will be presenting at the event. To see the presentation in full click here APPEX Presentation.pdf

Confirmation that Hydrocarbon Gas in Offshore Sydney Basin

Wed, 12 Nov 2008 13:19:03 +0700

A hydrocarbon gas source has been analysed and confirmed in the offshore Sydney Basin. The confirmation of a hydrocarbon based gas analysis was released at the Petroleum Exploration Society of Australia (PESA) "Eastern Australasian Basins Symposium" 14-17 September 2008.

Advent Energy Ltd secure $7 Million Funding Agreement

Tue, 11 Nov 2008 09:27:07 +0700

MEC Resources Limited (ASX: MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") has successfully secured a funding agreement that will provide a significant capital raising totalling A$7 million by the issue of 14 million shares at 50 cents per share.

Prospective Recoverable Gas Resources Estimated up to 16.3 Tcf (P10) for PEP11 Offshore Sydney Basin

Tue, 28 Oct 2008 11:15:51 +0700

Prospective Recoverable Gas Resources Estimated up to 16.3 Tcf (P10) for PEP11 Offshore Sydney Basin

· Technical review of PEP11 Offshore Sydney Basin completed

· Six prospects identified with total estimated prospective recoverable gas resources of up to 16.3Tcf (P10)

· Advent currently looking to secure an appropriate drilling rig, including farm-in options

Location of Gas Seeps NSW Continental Shelf - Offshore Sydney Basin

Thu, 25 Sep 2008 09:22:17 +0700

The Board of MEC Resources Ltd (ASX: MMR) advise that on 14 September 2008 the Company released details of a report describing geophysical evidence for gas in the offshore Sydney Basin.

Geophysical indications of Gas in Offshore Sydney Basin

Tue, 16 Sep 2008 14:19:16 +0700

MEC Resources Limited (ASX: MMR) is pleased to advise that investee company Advent Energy Ltd ("Advent") has received a report from Fred Kroh, former Project Leader of the Geophysical Processing and Data Access Project with Geoscience Australia, describing geophysical evidence for gas in the offshore Sydney Basin, NSW.

The report states that the geophysical data collected as part of Geoscience Australia's NSW Continental Slope Survey SS10/2006 (voyage lines indicated right), especially Swath Bathymetry and TOPAS Sub-Bottom Profiles, have replicated features demonstrated previously (from SS06/2005) to have been derived from implied thermogenic hydrocarbon seepage emanating from the Cornea Oil Field, in the Timor Sea, north western Australia