MEC secures PEP 11 partners

A map of the offshore Sydney Basin.

A map of the offshore Sydney Basin.

MEC Resources has reached agreements with Asset Energy, Bounty Oil and Gas and RL Energy for a conditional farm-in to PEP 11 in the offshore Sydney Basin.

Asset Energy is a wholly-owned subsidiary of MEC investee, Advent Energy, and presently holds 85 per cent of PEP 11 and is also operator.

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