Nice to read the Company newsletter. Important to note that...

Nice to read the Company newsletter.

Important to note that Management are wanting to move things forward in a timely manner clearly stating,

"Asset Energy is anticipating commencing it's seismic campaign as soon as possible following approval by NOPSEMA."

And obviously the big bonus for investing in MEC Resources if the TAX FREE status of the PDF company.

"The Company has also been registered by the Australian Federal Government as a Pooled Development Fund enabling most MEC shareholders to receive tax free capital gains on their shares and tax free dividends."

Can easily see this stock trading around .06c per share once the 2D survey gets underway.

MC only $6.5 million......

"Of key importance in exploring the area is the numerous offshore oil and gas seeps that have been recorded from Long Reef to Catherine Hill Bay, giving rise to periodic oil slick occurrences along the coast, especially in the Cape Three Points, Terrigal area. In conjunction with direct hydrocarbon indicators (DHI) observed in seismic data, the basin is assessed as comprising an active petroleum system. The PEP11 permit comprises multi-Tcf targets – the large potential reward of a successful drilling programme creates a very attractive exploration opportunity."