daytrades dec 21 afternoon, page-3

  1. 2,403 Posts.
    MMR

    "MEC Resources (ASX:MMR) is pleased to provide the attached information adding to the prospectivity of its investee company Advent Energy's (Advent) PEP11 project, offshore Sydney Basin.

    The review of open file information by Advent's geophysical advisors Total Depth Pty Ltd has demonstrated features associated with the Gorgon Gas Field that have also been identified in the offshore Sydney Basin, along the margin of investee company Advent's PEP11 permit.

    Total Depth has provided detail of other studies setting out similarities in seabed features observed in the offshore Sydney Basin and those observed associated with other major international gas fields including the +40 Trillion cubic feet (Tcf) Greater Gorgon Project area (in the Carnarvon Basin off the north west coast of Australia) and the 14 Tcf Ormen Lange Gas Field off Norway.

    MEC Resources believes these similarities provide further encouragement for the prospectivity of Advent
    Energy's PEP11 project."
 
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