MEC Resources updates on PEP11, Sydney Basin February 1, 2010
Posted by Fortbridge in Energy.Tags: advent energy, mec resources, offshore sydney basin, pep11, update
trackback
MEC Resources (ASX: MMR) provides an update on current developments regarding investee company Advent Energy Ltd and its progress towards undertaking a drilling program at PEP11 in the offshore Sydney Basin.
Highlights:
- Reprocessing of 2004 2D seismic data acquired over PEP11 in the offshore Sydney Basin is nearing completion
- Evaluation of the reprocessed seismic data for Direct Hydrocarbon Indicators (DHI) has commenced with evidence of Flat Spots
- The reprocessing has validated existing drilling targets and identified further potential drilling targets
- Drilling rig negotiations are at an advanced stage; drilling dates will be advised to the market in due course but the current planning is estimated for mid 2010
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
Comments»
No comments yet — be the first.