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MEC Resources (ASX:MMR) Drilling Progress at New Seaclem-1

New Seacleam-1 Progress Report No. 3
 
Key Points:
? New Seaclem-1 spud at approximately 00:00hrs AEDST 15th December 2010
? Completed 9 7/8” pilot hole to 310.5 mRT
? Preparing to open the hole to 36”
 
MEC Resources (ASX:MMR) investee company Advent Energy Ltd (Advent) has advised on the current progress of the drilling activity at New Seaclem-1.
 
The Ocean Patriot spud the New Seaclem-1 well ahead of schedule at 00:00 hrs AEDST on 15th December 2010, and has completed the 9 7/8” pilot hole to 310.5 mRT (reported depths are in metres below the Rotary Table (RT) on the rig’s floor).
 
The rig is currently preparing to open the hole to 36” before running the 30” conductor.
 
On current schedule, Blow Out Preventers (BOPs) are expected to be installed on Sunday, whilst drilling is anticipated to reach the target zone during the weekend of 25/26 December.
 
Further details and updates on the schedule and activities will be announced in due course.
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