like it, page-14

Read the presentation. They would like to raise $20.5 million more. Thats 41 million shares * $0.50. Its clearly stated that 50c is the price they are looking for and the price they value Advent at per share. By participating in the SPP you are taking up MEC shares and providing capital to MEC for them to take up a share in the Advent capital raising. Mec is issuing 30% of existing capital which is roughly 31 million shares. 31 million at $0.50 is $15.5 million. In the event GBA and Others wish to retain their current equity stakes. Mec will purchase about 31 million shares in the Advent capital raising leaving them with a 72% stake in Advent Energy. Remember that talbot group have already taken up 14 million shares from the shares being issued by Advent Energy.

This is a clear indication that MEC will expect to raise capital at around about the $0.50 per share mark or they will expect a flurry of money incomming for people taking up the SPP.

In my opinion it could potentially be cheaper for you to buy both MMR and MMRO now instead of taking up the SPP. You will be awarded shares on Septemeber 28 at a price based on a 5 day average. You can expect a flurry of announcements in regard to environmental applications, drilling rig news, potential farm outs etc. This in turn would appreciate the value of MEC resources. Allow them to take up shares at $0.50 in Advent and have a nice stash of cash for further funding of Advent operations.

At the end of the day each to their own...