MEC Resources announces tender for drilling offshore Sydney Basin May 29, 2009

MEC Resources Limited (ASX: MMR) announced today a tender process for drilling rig suppliers for the PEP 11 project.

Asset Energy Pty Ltd has formally invited drilling rig suppliers to tender for the provision of a jackup drilling rig for the PEP 11 project, offshore Sydney Basin.

Asset Energy Pty Ltd is a 100% owned subsidiary of MEC Resources investee company Advent Energy Ltd.

Advent Energy has now completed the basis of the design work for drilling of the Fish prospect in PEP 11 (up to 9.2 Tcf (P10) prospective recoverable resources) and thorough cost estimates have been compiled.

Asset Energy intends to capitalise on current market conditions to cost effectively progress its exploration objectives. Drilling rig rates have fallen substantially in recent months and a number of potentially suitable rigs are becoming available in the Australasian region.

For further information, please contact:

David Breeze
Executive Director
MEC Resources Ltd
Tel: +61 8 9328 8477

Media Enquiries:
Bill Kemmery
Fortbridge Consulting
Tel: +61 2 9331 0655
Mobile: +61 400 122 449
Email: bill.kemmery@fortbridge.com