MEC Resources confirms drilling preparations offshore Sydney Basin August 6, 2010

MEC Resources Ltd (“MEC”) has provided a further update to clarify drilling preparations for PEP 11 offshore Sydney Basin, New South Wales.

MEC’s investee company Advent Energy Limited (“Advent”) has advised that its preparations for drilling within PEP11 are still running to the schedule announced to the ASX on 27 July 2010.

The semi submersible rig Ocean Patriot has been contracted by Advent to drill an exploration well in PEP11, and is anticipated to be available to commence drilling in the fourth quarter 2010.

The Ocean Patriot is due to drill two wells in Bass Strait, offshore Victoria for another major operator commencing in August. The exact timing of that two well program is to be determined and it is currently anticipated that the rig will be on that program until mid October, 2010.

Advent will ensure that they fully comply with all environmental and regulatory requirements in connection with the proposed off-shore drilling program in PEP11.

Site surveys were completed over 4 locations under appropriate permits issued by relevant governmental authorities earlier this year. Site surveys are an essential pre requisite for selecting an offshore well location.

Advent is currently reviewing data received from its independent site survey contractor. The review is being carried out on data from the Marlin and Great White prospects site survey (approximately 55 km east of Newcastle).This work has indicated that the geological sequence immediately overlying the Permo-Triassic sedimentary sequence is “likely” to contain zones of gas.

This project will involve the first drill test to explore for natural gas off the coast of New South Wales and represents a major step for Advent and its farm in partner Bounty Oil and Gas.

Any commercial scale gas discovery will have the potential to generate jobs, economic growth and investment in the Newcastle/Central Coast region as well as deliver a much needed new source of clean energy for the State of New South Wales.

Commercial development of a gas discovery would also have the potential to make a contribution to Australia meeting its Kyoto protocol objectives through the supply of gas for a new generation of low carbon emission gas fired power stations in New South Wales.

Click here to view the full announcement.

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