Drill PEP 11 Now, page-47

Hi Tom and all,

What a pity you were not so vocal with your knowledge and advice back in April 2010 when Mr David Breeze was almost promising shareholders the success of the upcoming drilling program and the 6.09 Trillion cubic feet of gas.

If you are successful, this time in having another hole drilled based on the current 2D sketchy survey information I wonder if you will be willing to have all your current shares in all the company partners involved with PEP-11 escrowed officially until the completion of the hole and the size of the gas field is declared.

Just to refresh your mind to the kind of documents Mr David Breeze was happy to put his signature to back then in order to generate the hype.

20 April 2010
Companies Announcement Office
Australian Securities Exchange Limited
10th Floor, 20 Bond Street
SYDNEY NSW 2000

Dear Sir,


ADVENT ENERGY CONTRACTS DRILLING RIG FOR PEP11 OFFSHORE NEW
SOUTH WALES

MEC Resources (ASX:MMR) is pleased to advise that investee company Advent Energy Ltd (“Advent”) has signed an agreement with Apache Energy Ltd and Diamond Offshore Drilling (Australia) LLC for the drilling rig Ocean Patriot.

The Ocean Patriot has been contracted to drill PEP11 in the Offshore Sydney Basin. PEP11 is being
progressed with joint venture partner Bounty Oil and Gas (ASX: BUY).

An exact date for drilling is yet to be determined and is contingent upon pre-existing contracts between the other parties. The range of dates to commence drilling in PEP 11 is within the third quarter of 2010, with operations currently planned for mid August and expected to take approximately 25 days. Advent Energy Executive Director Mr David Breeze said the drilling program represents a significant development for natural gas exploration off the coast of New South Wales.

“This project with be the first drilling rig to explore for natural gas off the coast of NSW, and represents a major step for the company and its shareholders” Mr Breeze said. “It is a milestone for Advent Energy and joint venture partner Bounty. Sydney could be sitting on the doorstep of what could be a new and very large hydrocarbon province prospectively of global significance”.

Following revision of newly reprocessed seismic data by Tanvinh Resources, a new target has been
increased to prospect status and will be the first prospect drilled in PEP11. The prospective P50 Original Gas In Place (OGIP) estimate is 6.09 Trillion cubic feet (P90 = 1.77 Tcf, P10 = 24.76 Tcf).
Further details regarding the drilling operations will be announced to shareholders and the market as they become available.

Yours faithfully,


David Breeze

http://www.mecresources.com.au/pdf/ASX%20MMR%20Advent%20Contracts%20Drilling%20Rig%2019.04.10.pdf

If readers here still have any doubts about the value of research and due diligence particularly in the exploration sector, then I’m afraid I cannot help you any further. Clearly you must always question people’s motives!

Cheers and very best regards: Andy