Bello, as you have stated Advent Energy are the controlling interest and are to acquire up to an 85% interest in PEP 11.
MEC Resources Limited (ASX: MMR) investee company is Advent Energy Ltd.
Advent Energy is a public unlisted oil and gas exploration company.
So whilst Advent is unlisted, MEC seems to be the Big brother in all of this?
You would think MEC would be the one to follow, but obviously there is profit to be made in BUY as well.
Advent Energy which has also acquired a strategic shareholding in Australian onshore hydrocarbon explorer Central Petroleum (ASX: CTP).
The Senior member of the Advisory panel for Advent is Mr Ding, who is a former senior Chinese Government Ministerial official with significant networks at the highest level in China.
Mr Ding is a former senior Chinese Government Ministerial official with significant networks at the highest level in China. He was the former Head of Exploration for the China National Petroleum Company (CNPC), where he directed the exploration activity of more than 20 oilfields all over China. Mr Ding last served as Commissioner of the China State Asset Administration Office, where he reported directly to the Prime Minister's office and supervised the reform of major Chinese state enterprises.
The Federal Government Bureau of Research Sciences in conjunction with the NSW Department of Mineral Resources are heavily involved in this project, so it is obvious that this project has got legs.
The questions remain, where is Advent getting it's funding from? The best bet would be China?
How much of this project is the Chinese State Lead Government going to fund and own? And how many more of our resource assets are we prepared to give up to the Chinese Totalitarian Regime, and how is this going to affect Australia in the future?
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