BPH Energy Ltd investee Advent Energy Ltd is pleased announce the appointment of Professor Peter Cook as an advisor on geosequestration for its project in the Offshore Sydney Basin. Professor Peter Cook is an eminent Australian and international earth scientist. He is a leader in the development and application of carbon capture and storage [...]
On 12 August 2019 MEC Resources Ltd. announced that it had reached a settlement of the various legal disputes between MEC and BPH Energy Limited , Grandbridge Limited, Trandcorp Pty Ltd and David Breeze. The terms of settlement where outlined in a Deed of Settlement, to which MEC's 48.2% owned subsidiary Advent Energy Ltd is also a party. MEC [...]
The Directors of MEC Resources Ltd. are pleased to announce a number of significant developments which are now in progress to facilitate paving the way forward for the Company, the aim of which is to create long term value for MEC and its shareholders. The new board of directors recently conducted a detailed review of the major issues present in [...]
During the period, MEC Resources Investee Advent confirmed the renewal of key offshore Sydney Basin permit Petroleum Exploration Permit 11 (PEP11) for a further 5 year term. The renewal was formally granted on 13 August 2012.Advent entered into a data sharing and land access agreement with Beach Energy Ltd. The agreement was reached in relation to [...]
MEC Resources is pleased to advise that the legal dispute involving Fugro Survey, RPS Energy and Asset Energy, details of which have previously been disclosed to the market, has been settled at a court appointed mediation. Asset is a wholly owned subsidiary of MEC's investee entity, Advent Energy. The dispute between Asset, Fugro and RPS arose over [...]
MEC Resources is pleased to advise of the following developments in investee Advent Energy assets in the onshore Bonaparte Basin. Retention Licence 1 (RL1) in the onshore Bonaparte Basin has successfully been renewed for a further five year term. As previously announced, RL1 comprises the Weaber Gas Field which has been independently assessed to [...]
MEC Resources is pleased to advise that investee Advent Energy has signed a Letter Of Intent with CO2 Group subsidiary Western Australian Resources for the potential future supply of gas to WARL's proposed aquaculture project in northern Australia. The non-binding LOI provides an initial framework for discussion, information sharing and negotiation [...]
