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MEC RESOURCES LIMITED — Regulatory Filings 2021
Mar 7, 2021
65353_rns_2021-03-07_524d6bbd-8af9-40b5-bf6f-7a28670933c2.pdf
Regulatory Filings
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ASX ANNOUNCEMENT
8 March 2021
INVESTEE - ADVENT ENERGY LTD - APPOINTS DRILLING MANAGER
MEC Resources Limited ( MEC or the Company ) (ASX: MMR) advises that further to its announcement made on 13 January 2021[1] whereby investee Advent Energy Ltd ( Advent ) had signed a Preliminary Well Services Agreement with Add Energy relating to the preparation for drilling of the Baleen well in offshore licence PEP11, Add Energy will deliver phased approach services to Advent Energy for the preparation and drilling of the Baleen Well PEP11.
In the first stage of the phased approach, Add Energy will provide technical support in the following areas:
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Review of current well design documentation.
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Develop a suitable well design and cost estimates.
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Develop drilling schedule and define a ready to drill tentative window.
As part of the initial phase, a scope review gap analysis will be performed to determine how much work / time will be required to deliver the scope. That being the case, given that Advent Energy are still in the pre-approval stage of the license suspension and extension, the scope will be up to 20 days.
David Breeze (Director) authorised the release of this announcement to the market.
David Breeze Managing Director
About Advent Energy Ltd
Advent Energy Ltd is an unlisted oil and gas exploration company held by major shareholders, MEC Resources Limited (ASX: MMR), BPH Energy Limited (ASX: BPH) and Grandbridge Limited. Advent holds a strong portfolio of near-term development and exploration assets spanning highly prospective acreage onshore and offshore Australia in proven petroleum basins. Advent asset base also incorporates both conventional and unconventional petroleum targets.
1 ASX Release 13 January 2021 – Preliminary Well Services Agreement Signed (Advent Energy)
MEC Resources Ltd
ACN 113 900 020 Level 1, 9 Bowman Street, South Perth WA 6151 T: +61 8 9217 2400 [email protected] www.mecresources.com.au