MEC RESOURCES LIMITED — Investor Presentation 2009

Mar 3, 2009

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3 March 2009

Companies Announcements Office Australian Securities Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam Advent Energy Ltd: PEP11 Presentation at APPEX- MEC Resources Limited (ASX: MMR)

MEC Resources Ltd (ASX:MMR) advises that its investee entity Advent Energy Ltd (Advent) is exhibiting at the American Association of Petroleum Geologists Prospect and Property Expo (APPEX) in London on the 3 – 5 March, 2009. Mr David Breeze, Executive Director of Advent and Managing Director of MEC Resources Ltd (MEC), will be presenting at the event.

Please find the presentation attached.

Yours Sincerely

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David Breeze Executive Director MEC Resources Ltd PO Box 317 North Perth WA 6906 Tel: +61 8 9328 8477

Media Enquiries: Bill Kemmery Fortbridge Consulting Tel: +61 2 9331 0655 Mobile: +61 400 122 449

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Notes:

In accordance with ASX listing requirements, the geological information supplied in this report has been based on information provided by geologists who have had in excess of five years experience in their field of activity. Asset Energy Pty Ltd is under contract a wholly owned subsidiary of Advent Energy Ltd and is the operator’s agent under the joint operating agreement.

MEC is an exploration investment company and relies on the resource and ore reserve statements compiled by the companies in which it invests. All Mineral Resource and Reserve Statements have been previously published by the companies concerned. Summary data has been used. Please refer to relevant ASX releases for details and attribution. Unless otherwise stated all resource and reserve reporting complies with the relevant standards.

MEC Resources Ltd

ACN 113 900 020

PO Box 317, North Perth, WA 6906 14 View Street, North Perth 6006, Western Australia T: +61 8 9328 8477 F: +61 8 9328 8733 info@mecresources.com.au www.mecresources.com.au

David Breeze Advent Energy Limited Ph +61 8 9328 8711 Director 14 View Street Fax +61 8 9328 8733 North Perth WA 6006 Australia

david@adventenergy.com.au www.adventenergy.com.au

DISCLAIMER

Advent Energy Ltd (Advent Energy) has prepared this Company Introduction Presentation. Whilst the information contained in this publication has been prepared with all reasonable care from information provided by the Company and from sources, which Advent Energy Ltd believes are reliable, no responsibility or liability is accepted by Advent Energy Ltd for any errors or omissions or misstatements however caused. Any opinions forecasts or recommendations if any reflects the judgment and assumptions of Advent Energy Ltd as at the date of the publication and may change without notice. Advent Energy Ltd and its officers, agents, employees, consultants and its related bodies corporate, exclude all liability whatsoever, in negligence or otherwise, for any loss or damage relating to this document to the fullest extent permitted by law. This publication is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any securities recommendation contained in this publication is unsolicited general information only. Advent Energy Ltd is not aware that any recipient intends to rely on this publication or of the manner in which a recipient intends to use it. In preparing our information, it is not possible to take into consideration the investment objectives, financial situation or particular needs of any individual recipient. Investors should obtain individual financial advice from their investment advisor to determine whether recommendations contained in this publication are appropriate for their investment objectives, financial situation or particular needs before acting on any such recommendations. This publication is not for public circulation or reproduction whether in whole or in part and is not to be disclosed to any person other than the intended recipient, without obtaining the prior written consent of Advent Energy Ltd. Advent Energy Ltd its officers, employees, consultants or its related bodies corporate may, from time to time hold positions in any securities and may buy or sell such securities or engage in other transactions involving such securities.

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Worldwide Oil & Gas Fields (source: Total – www.planete-energies.com, and Link, W.K., 1952, Significance of Oil and Gas Seeps in World Oil Exploration, Bulletin of the AAPG, Vol. 36, No. 8 )

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Worldwide Oil & Gas Fields (source: Total – www.planete-energies.com) (Indicative satellite coverage of NPA Group, acknowledgement to Alan Williams Mike Rego, Aminex)

Slope failure, Gas seepage. Major HC Provinces

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14 Tcf
Source: European Commission
Source: Whelan, Marine & Petr Geol 2005
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Swath Survey 2006

Image courtesy Ron Boyd, University of Newcastle

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A Proven Petroleum Basin With Offshore Sydney Basin-Potential Huge Gas Reserve

[Fred Kroh, Geoscience Australia]

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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
Schematic Upper Cretaceous Paleogeography
Sydney BasinSydney Basin Lord Howe Rise: Lord Howe Rise:
•• 4.5 billion boe4.5 billion boe
•• 98.5% methane98.5% methane
Taranaki BasinTaranaki Basin
0.5 Billion BBL Oil0.5 Billion BBL Oil
7 TCF Gas7 TCF Gas
Gippsland BasinGippsland Basin
4 Billion BBL Oil4 Billion BBL Oil
11 TCF Gas11 TCF Gas
Canterbury Canterbury
BasinBasin
Bight BasinBight Basin
Great South Great South
BasinBasin
Otway – SorrelOtway – Sorrel
BasinBasin
3 TCF Gas3 TCF Gas
“…sea floor spreading commenced at 65-70 million years before present resulting in the separation of the Lord Howe Rise from the east coast of
New South Wales (NSW Bureau of Mineral Resources)”
Lord Howe Rise
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“a speculative estimate of petroleum resources within Australian jurisdiction on the Lord Howe Rise is about 4.5 billion barrels of oil equivalent (Willcox & Symonds, 1997)”.

“Ocean Drilling Program (ODP) Leg 164 recently drilled three locations on the crest of the Blake Ridge to assess the composition and amount of gas in its gas hydrate deposit (Paull et al, 1996). All gas recovered exceeded 98.5% methane.”

Offshore Sydney Basin：PEP 11 Summary

• NSW/PEP 11 covers 8100 sq km; Advent – 85%

• 20 km from Australia’s largest energy market, world class infrastructure

• Permit Prospective Recoverable Resources estimated at up to 16.3 Tcf

• Gas flow and gas/oil shows in Sydney Basin Onshore wells / flows in excess of 1 million cubic feet of gas per day

• Active thermogenic hydrocarbon system demonstrated offshore

• Possible gas/condensate-charged Permian reservoirs / Excellent potential for discovery of gas and oil

• Robust Economics: NPV10 > A$12 billion potential

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Bathymetry data courtesy Kriton Glenn-Geoscience Australia, onshore well data courtesy NSW DPI

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Offshore Sydney Basin:
Horizon E Structure Frame Indicating Huge Offshore Anticline
Baleen Prospect: Blue Lead:
Prospective rec. res:
Prospective rec. res:
P10: 5.78 TCF
P10: 253 BCF
P50: 1.79 TCF
P50: 170 BCF
P90: 0.22 TCF
P90: 102 BCF
Fish Prospect:
Prospective rec res:
P10: 9.18 TCF
P50: 2.37 TCF
P90: 0.49 TCF
Sei Lead:
Prospective rec. res:
P10: 281 BCF
P50: 194 BCF
P90: 110 BCF
Possible Stratigraphic
trap identified by AVO
1981 2D
Humpback Lead: Seismic
Prospective rec. res: Lines 1742
P10: 351 BCF km
P50: 241 BCF� 3805 km 2D seismic including Offshore Uplift Newcastle New England
P90: 142 BCF1460 km of new lines acquired in Syncline Fold Belt 1991 2D Seismic
2005; Lines 603 km
� integrated for first time with 2004
2DSeismic
Lines 1460
1991, 1981 seismic interpretation
km
confirms Baleen structure and Orca Lead:
Prospective rec.
identifies new Fish prospect.resources:
P10: 450 BCF
P50: 313 BCF
P90: 169 BCF
Offshore Syncline
Newcastle Syncline
Offshore Uplift
New England Fold Belt
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B C D

E

B: Base Cenozoic C: Base of Illawarra Coal measure D: Intra Permian E: Base of Permian(?)

Line B4-03

Offshore Syncline Offshore uplift Newcastle Syncline New England Fold Belt Baleen Fish

D1 D2

E

B C D D1 D2 E • No well control • Revised velocity model for seismic

Key Seismic Line and Structure Scheme

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B
C
D+D1
D+D1
D2
E
B: Base Cenozoic
C: Base of Illawarra
Coal measure
D+D1+D2: Intra Permian
E: Base of Permian(?)
Blue #1
Line B4-14
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D
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• No well control • Revised velocity model for seismic Key Seismic Line and Structure Scheme

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Possible AVO
B4-06
B4-15
Intercept vs Gradient -Xplot Colour Scheme - CDP 2200-2800
on stack
B4-15
B4-07
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Distribution of Possible Gas Chimney
B4-15
B4-16
B4-17
B4-18
B4-19
B4-20
B4-15 B4-16
B4-17 B4-18
B4-19 B4-20
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HRDZ comparison between Line B4-15 and Typical Example

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HRDZ
HRDZ
HRDZs lie along faults above the Macedon Gas Field (1.2 Tcf) in the
Carnarvon Basin
Source Geoff O’Brien, Geoscience Australia
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HRDZ comparison between Line B4-06 and Typical Example

HRDZ HRDZ in the Browse Basin (30 Tcf) Source Geoff O’Brien, Geoscience Australia

HRDZ comparison between Line 81-20 and Typical Example

HRDZ Jabiru–1A was the discovery well for the Jabiru Field, which has produced in excess of 100 MMBBL of oil. A number of HRDZs are present over the field Source Geoff O’Brien, Geoscience Australia

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HRDZ comparison between Line B4-11 and Typical Example
HRDZ
High intensity, large and linear HRDZs are present near the Tahbilk gas
accumulation, located in the southern Vulcan Sub-basin of Bonaparte Basin
(with ~140MMbbl and 30Tcf 1P and 2P reserves)
Source Geoff O’Brien, Geoscience Australia
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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” D. Schumacher

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Cornea seep, over Cornea oil/gas field, Timor Sea

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Gas in water column and shallow sediments identified in Sub-Bottom Profiles by Fred Kroh from SS10/2006 survey

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Analysis of Gas from Offshore Sydney Basin

source Hydrocarbon seep gas samples comprise a thermogenic

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Hydrocarbon Seep Gas Analysis: • Methane 90.69% • Oxygen 1.58% • Carbon Dioxide 4.12% • Nitrogen 3.7%

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• Source Rocks ： Late Permian Coal Measures, mainly Greta and Tomago groups ；

• Reservoir Rocks ： Fluvial Sandstone in Permian and Triassic

• Seals ： Siltstone in Wandrawandian and Branxton group

• Onshore: 8 wells - oil shows & 16 – oil + gas shows

NSW Dept of Mineral Resources:

“41% wells flowed gas on test”

“The Sydney Basin contains an active petroleum system”

“Potential source and seal sequences occur extensively…”

“Reservoir potential should increase to the east, in the offshore”

“Early Permian sands are likely to / have good initial primary porosity and permeability.”

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Courtesy O’Brien, Geoscience Australia Source: Sayers et al, Geoscience Australia
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Example of transparent seismic cubes: Chimneys and pock marks indicating focus areas of fluid flow above the top reservoir

A method using Neural networks and directive attributes to detect and display fluid indicators in seismic cubes - Paul Meldahl Statoil ASA

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Offshore Sydney Basin：PEP 11 Summary

• NSW/PEP 11 covers 8100 sq km, 20 km from Australia’s largest energy market, excellent infrastructure

• Permit Prospective Recoverable Resources estimated at up to 16.3 Tcf

• Excellent analogies with world class producing fields

• Active thermogenic hydrocarbon system demonstrated offshore

• Possible gas/condensate-charged Permian reservoirs / excellent potential for the discovery of gas and oil

• Prospective resources and proximity to infrastructure infer potential for LNG

• Advent – 85%

• Robust Economics: NPV10 > A$12 billion potential

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David Breeze Advent Energy Limited Ph +61 8 9328 8711 david@adventenergy.com.au Director 14 View Street Fax +61 8 9328 8733 www.adventenergy.com.au North Perth WA 6006 Australia

Data, advice, review and technical contributions gratefully acknowledged

• •Jim Dirstein - -Total Depth - Principal Geophysical Consultant PTEM survey

• •Fred Kroh –Formerly Project Leader of Geophysical Processing and Data Access Project - Geoscience Australia

• •Tim Berge –Geophysical Consultant -

• •Deet Schumacher -Terraliance

• •Dan Orange

• •Fred Aminzadeh

• •David Connolly

• •Michael Abrams

• •Professor Ron Boyd –Newcastle University

• •Andrew Mayo –Macquarie Oil –

• •Kriton Glenn –Geoscience Australia

• Ben Clennel , Asrar Talukder and team (CSIRO Subsurface Prediction and Description )

• •Geoff O’Brien –Formerly Geoscience Australia

• •Ding Gui Ming –Principal Geological Consultant

• •Associate Professor Jock Keene –Sydney University

• •Kevin Ruming - School of Environmental and Life Sciences University of Newcastle

• •BOS

• •Oil Hunters

• •Bounty Oil

• •RPS

• •BGP

• •John Cant

• •Allan Williams -NPA

• •Mike Rego – Aminex

• •Tom Fontaine

• •Fugro

• •Geosience Australia

• •Crown Minerals NZ

• •Kieth Woolard

• •David Orth

•David Remus

Publications

• •AAPG Memoirs ”Hydrocarbon migration and its Near surface Migration”

• •Judd A and Hovland M “Seabed Fluid Flow”

• •Whelan J Marine Chemistry and Geochemistry, Woods Hole Oceanographic Institution “Dynamic gas driven petroleum systems” and Whelan J et al “Surface & subsurface manifestations of gas movement through a N-S transect of the Gulf of Mexico”

• •Government of NSW “New South Wales Petroleum Potential”

• •NSW Department of Mineral Resources

• •Alder et al “Prospectivity of the Offshore Sydney Basin –A New Perspective“

• •Frog Tech Pty Ltd

• •Aftenbladet Multimedia

• •The European Commission “The Deep Sea Frontier”

• •Aminzadeh, F., de Groot, P., Berge, T. et al “Determining Migration Pathway from seismically derived Gas“ •Geoscience Australia –Patchett.A and Langford. R.”New South Wales –Deep Saline Aquifer Storage Potential”

• •Geoscience Australia Glenn. K “Revealing the continental Shelf off New South Wales”

• •Aminzadeh F Connolly D and Ligtenberg H “Hydrocarbon Phase detection and other applications of Chimney Technology”

• •Dietmar “Deet” Schumacher, Surface geochemical exploration for oil and gas: New life for an old technology Geo-Microbial Technologies, Ochelata, Oklahoma, U.S. The Leading Edge

• •Michael A. Abrams “Significance of hydrocarbon seepage relative to petroleum generation and entrapment” Marine & Petroleum Geology

• •AAPG Conference Geoffrey W O’Brien, Andrew Barrett, and Megan Lech .”Integrating 3D Seismic data and multiple, independent remote sensing technologies to constrain near-surface Hydrocarbon Migration and Seepage Rates and Leakage Mechanisms on the North-western Australian Margin”

• •Journal of Geophysical Research, The world’s most spectacular marine hydrocarbon seeps (Coal Oil Point, Santa Barbara Channel, California):

•Marine & Petroleum Geology N. Rollet, GA Logan, JM Kennard, PE O’Brien, AT Jones, M Sexton Characterisation and correlation of active hydrocarbon seepage using geophysical data sets: An example from the tropical, carbonate Yampi Shelf, Northwest Australia

• •Daniel Lewis Orange The implications of Hydrocarbon seepage, gas migration and fluid overpressures to frontier exploration and geohazards

• •Dietmar Schumacher AAPG Hedberg Conference Near Surface Hydrocarbon Migration; Mechanisms and seepage rates The Dynamic Nature of Hydrocarbon Microseepage: An Overview •O’Brien et al “Yampi Shelf Brows Basin –Northwest Shelf “

• •Cowley R & O’Brien ”Identification and interpretation of leaking hydrocarbons using seismic data“

• •Kroh F Reprocessing shows AVO potential for petroleum exploration Geoscience Australia