MEDIA CORRECTION ? ADVENT ENERGY PEP11 PERMIT RESOURCES
MEC Resources (ASX: MMR) is aware of inaccurate media statements that suggested a downward revision
of resource estimates of its investee company?s (Advent Energy) estimates for the PEP11 resources.
On 20/04/2010 Advent advised of a new Cainozoic target of 6.09 Tcf (P50, prospective gas in place
resources).
For clarification, this new target is additional to the volumetric estimate released earlier by Advent on
27/10/2008 for PEP11.
With these resource estimates, Advent Energy and joint venture partner Bounty believe Sydney could be
sitting on the doorstep of what could be a new and very large hydrocarbon province prospectively of global
significance.
As previously advised, the Ocean Patriot has been contracted to drill PEP11
Looks like they've finally made an official response to my phone call about the inaccurate Upstreamonline.com article. It only took them 2 weeks. Maybe they were saving this positive news for a rainy day.
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