Advent Energy - Bonaparte Basin Airborne Survey
Sydney, May 24, 2013 AEST (ABN Newswire) - MEC Resources Limited (
ASX:MMR) is pleased to advise that the previously announced (29 January 2013) airborne geophysical survey in the onshore Bonaparte Basin has concluded.
The survey covered a portion of EP386 and all of RL1 held by investee Advent Energy Ltd ("Advent"). Under the data sharing agreement with survey operator Beach Energy, Advent will also receive data over an intervening area between EP386 and RL1.
The integration of the newly acquired airborne geophysical data with existing seismic data will allow Advent to refine existing drilling targets within each of RL1 (incorporating the Weaber Gas Field) and EP386.
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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