MMR 0.00% 0.4¢ mec resources limited

Thanks (Staunch) for the opportunity to remind people of the...

  1. 126 Posts.
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    Thanks (Staunch) for the opportunity to remind people of the achievements over the last number of years.

    These include, whilst Ms Ambrosini was MD or Executive Director:
    * Positioning the company for sustainability whilst maintaining an upside in future success. i.e. securing partners to advance exploration and appraisal works in each of the associated petroleum titles at zero or little cost to the Company, yet still holding on to a material interest in these assets.
    * Supporting the acquisition of seismic data in PEP11 during 2018, which satisfied a long term outstanding petroleum title commitment to the Federal Government.
    * Supporting the ability of Advent Energy to secure extension to petroleum tenure in each of its titles.
    * Successfully preventing a number of change-of-control actions by _ shareholders.
    * Shielding the company and its shareholders against potentially vexatious litigation.
    * Introduction of new, highly experienced and technically capable professionals to the Company's board, to continue to support the Company's actions.
    * Achieving expansion of investment mandate to maximise the Company's opportunities under the Pooled Development Fund Act.
    * Implementing stringent capital management processes to conserve the Company's cash reserves.
 
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