Advent Energy Ltd - Beach Energy Data Sharing Agreement
Sydney, Jan 29, 2013 AEST (ABN Newswire) - MEC Resources Limited (
ASX:MMR) is pleased to announce that investee Advent Energy Ltd ("Advent") has been advised by Beach Energy that the aerial survey over portions of the onshore Bonaparte Basin has commenced.
The survey is to cover portions of EP386 and all of RL1. Under the data sharing agreement with Beach Advent will also receive data over an intervening area between EP386 and RL1.
Advent's 100% interests in EP386 and nearby RL1 are held by wholly owned subsidiary Onshore Energy Pty Ltd. Advent's major shareholders remain MEC Resources (ASX:MMR), BPH Energy (ASX:BPH), Talbot Group and Grandbridge (ASX:GBA).
About MEC Resources Limited
MEC Resources (ASX:MMR) aims to achieve maximum capital appreciation by early stage investing into small and medium-sized energy and minerals exploration companies with strong growth potential and a well-defined exit strategy, such as an initial public offering or acquisition.
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