Advent transfers funds for rig to be used offshore NSW August 31, 2010

MEC Resources’ (ASX: MMR) investee company Advent Energy Limited (“Advent”) has today transferred the funds for the semi submersible rig Ocean Patriot in accordance with the agreed contract with Diamond Offshore (Australia) LLC and Apache Energy Ltd.

The semi submersible rig Ocean Patriot has been contracted by Advent to drill the New Seaclem-1 exploration well in PEP11, and is anticipated to be available to commence drilling in the fourth quarter 2010.

The major shareholders of Advent Energy are as shown below:
MEC Resources (ASX:MMR) 51.14%
BPH Corporate Ltd (ASX:BPH) 19.06%
Talbot Group Investments 10.42%
Grandbridge Limited (ASX:GBA) 8.75%

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