MEDIA CORRECTION ADVENT ENERGY PEP11 PERMIT RESOURCESMEC...

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 companys (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 in the Offshore Sydney Basin, and remains on target to commence drilling in mid August 2010.
Yours faithfully, David Breeze


About MEC Resources

ASX listed MEC Resources (ASX: MMR) invests into exploration companies targeting potentially large energy and mineral resources. The Company has been registered by the Australian Federal Government as a Pooled Development
Fund enabling most MEC shareholders to receive tax free capital gains on their shares and tax free dividends.

About Advent Energy

Advent Energy Ltd is an unlisted oil and gas exploration company, held by major shareholders MEC Resources (ASX: MMR), BPH Corporate (ASX: BPH) and Talbot Group Holdings. Advent holds a strong portfolio of exploration and nearterm
production assets throughout Australia. Advents cornerstone project lies off the coast of NSW in Petroleum Exploration Permit 11 (PEP11), and comprises gas prospects of multi-Tcf capacity. Advent Energys wholly owned
subsidiary Asset Energy Pty Ltd will increase its interest in PEP 11 from 25% to 85% by drilling this first well. Bounty Oil and Gas (ASX:BUY) will thereby reduce their interest from 75% to 15%.