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MEC ups estimated prospective gas resources for PEP11 Offshore Sydney Basin


Published Jul 6, 2010
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MEC Resources reports new large structures mapped in PEP 11

MEC Resources' investee company Advent Energy Ltd has received technical reviews from Tanvinh Resources Pty Ltd and Pangean Resources LLC supporting a significant increase in the estimated prospective recoverable resources within the PEP 11 Offshore Sydney Basin.

Following these reviews, Advent have provided an increase in the 'best estimate' (P50 level) to 13.2 trillion cubic feet (Tcf) of prospective gas resources. Prospects and leads within the Permo-Triassic sedimentary sequence were estimated to contain 6.0 Tcf (P50) whilst estimates for the Cainozoic sedimentary sequence are 7.2 Tcf (P50).

Advent has secured the semi submersible drilling rig, Ocean Patriot to drill an exploration well in PEP11 later in 2010.

Tags: MEC Resources Limited



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