ann. farmin with advent

http://aspect.comsec.com.au/asxdata/20070807/pdf/00746370.pdf


MEC is pleased to confirm that its investee Advent Energy Ltd (“Advent”) has entered into two Farmin agreements in
the South Australian Cooper Basin with Victoria Petroleum N.L., Impress Energy Ltd and Roma Petroleum N.L.
The Farmin agreements cover the Typhoon and Catalina blocks in Petroleum Exploration Licenses (“PEL’s”) 104 and
111 situated in the western Cooper basin of South Australia. The conditional Farmin agreements enable Advent to
earn up to a 50% interest in the Catalina and Typhoon blocks in these PEL’s.
With these farmin agreements, Advent Energy has entered into a working relationship with Victoria Petroleum and its
JV partners who hold a significant acreage position in the highly prospective western Cooper Basin. The Victoria
Petroleum led Joint Venture is one of the most active drillers in the South Australian Cooper Basin with some eight
wells planned to be drilled over the next 6 months.
Advent Energy is thus well positioned to obtain access to drilling rigs and associated services to drill the Typhoon and
Catalina block prospects as required.
The Advent Farmin provides Advent with the right to participate in four wells with the Victoria Petroleum led Joint
Venture in the prospects present in the PEL 104 Typhoon Block and PEL 111 Catalina Block (see attached maps).

ETC