MEC RESOURCES LIMITED — Investor Presentation 2008

Sep 14, 2008

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SLOPE FAILURES IN NORTH ATLANTIC
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Slope failure, Gas seepage. Major HC Province

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Swath Survey in Oct 2006

In 2006 Geoscience Australia also conducted a survey of the NSW continental shelf to investigate the presence of slumps, seeps and other potential geohazards

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NSW SLOPES MOVIE

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Ormen Lange. Largest gas field on Norwegian Continental Shelf
14Tcf
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Swath Survey in Oct 2006
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SS10/2006
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“A recent review of more than 850 wildcat wells – all drilled after geochemical surveys finds that 79% of wells drilled in positive anomalies resulted in commercial oil and gas discoveries”

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The one on the left is Cornea, Timor Sea
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“41% wells flowed gas on test” 8 wells - oil shows & 16 – oil+gas shows
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Active Oil/Gas Seeps
Seeps Inshore HC Slicks from Landsat
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Hydrocarbon Indication from Aeromagnetic Data
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Seeps and Discovery: Gulf of Mexico
“..the extensive use of
light hydrocarbon
surveys in the Gulf of
Mexico was 88%
effective in findin g new
commercial production
fields..”
“A recent review of 850
wildcat wells finds that
79% of wells drilled in
positive geochemical
anomalies resulted in
commerc a i l o il or gas
discoveries”
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…this is not surprising as these basins were located close to each other in
the Cretaceous and had a similar evolutionary history
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Schematic Upper Cretaceous Paleogeography
Sydney Basin
Taranaki Basin
0.5 Billion BBL Oil
7 TCF Gas
Gippsland Basin
4 Billion BBL Oil
11 TCF Gas
Canterbury Basin
Bight Basin
Great South Basin
Otway – Sorrel
Basin
3 TCF Gas
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PEP 11 Offshore Sydney Basin
Newcastle New England
Offshore Uplift Syncline Fold Belt
FISH BALEEN
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NEW INFORMATION

• Seeps, inshore, along continental shelf, and within permit. Proven HC onshore.

• New seismic confirms Baleen Prospect and new Fish Prospect Multi-TCF Potential (wet gas?)

• Commitment in next 2 months for Drilling in 2009.

• Robust Economics. Multi-$Billion potential.

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PEP 11 Prospects
New structural targets…optimally located with
respect to source rock and reservoir development
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Stratigraphy and Petroleum Association

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Prospectivity of the Offshore Sydney Basin

APPEA 1998, J.D. Alder, et al.

As Demonstrated by the numerous gas and oil occurrences, the Sydney Basin contains an active petroleum system

Potential source and seal sequences occur extensively within both early Permian marine shales and siltstones and Early and Late Permian coal measure sequences

Marine influenced deltaic deposition is expected in the Offshore Uplift, which is favorable for enhanced reservoir development

PEP 11 Sydney Basin Offshore NSW Work in permit to date includes:

• 1460 km of new seismic, integrated

• for first time with 1991, 1981 seismic interpretation confirms Baleen structure and identifies new Fish prospect.

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structure and identifies new Fish
prospect.
� Reprocess o ver 550 km of 2D seismic
to PSTM stage
1981 2D
Seismic
� Reprocess and reinterpret Lines 1742
Aeromagnetic data Km
1991 2D
Seismic Lines
� Fly PTEM 2007, hydrocarbon 603 Km
indication 2004
2DSeismic
Lines 1460
� Secure rig in next 2 months for Km
drilling in 2009
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Layout of Seismic Data for Display
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Key Seismic Features On Crossline B4-04
A
(Seafloor)
B
(Base of Cainozoic)
C
(Top Gerringong
Volcanic or base of
Illawarra coal measures)
D
(Intra Permian)
E
(Base of Permian)
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Crossline B4-03
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Inline 81-20
B
C
D
E
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Crossline B4-32
A
B
C
D
E
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Key Seismic Features 0n Inline B4-30
A
B
C
D
E
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Inline 81-15
A
B
C
D
E
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Crossline B4-26
A
B
C
D
E
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Inline B4-19

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Inline B4-14

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Horizon E and Structure Setting
Baleen
Baleen
FISH
No 7
No 8,9,10
No 1
No 2
No 11,12
Offshore UpliftNo 3,4,5,6 NewcastleSyncline New England Fold Belt
FISH BALEEN
No 13,14
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Summary

• New seismic confirms Multi-Tcf Potential

• Seeps, inshore, along continental shelf, and within permit.

• Geosequestration potential – 11 major stationary sources of anthropogenic CO2 within the Sydney Area contribute 34% of total national emissions.

• Drilling in 2009.

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• Robust Economics. Multi-$Billion potential.

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David Breeze Director Advent Energy Limited 14 View Street North Perth WA 6006 Australia

Ph +61 8 9328 8711 Fax +61 8 9328 8733

david@mecresources.com.au

tom@mecresources.com.au

www.mecresources.com.au

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PEP 11
Sydney Basin
Offshore NSW
Total Magnetic
Intensity
Offshore
Syncline Hunter-Mooki
System
Beta
Newcastle
Syncline
Offshore
Uplift
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PEP 11
Sydney Basin
Offshore NSW
PRESENT DAY
STRUCTURAL
ELEMENTS
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