Advent Energy PEP11 Independent Expert Report– Permio Triassic
MEC Resources (ASX:MMR) is pleased to provide the independent geological expert’s report on the Permio Triassic section commissioned by investee company Advent Energy Limited (Advent) for Advent’s PEP11 project in the offshore Sydney Basin.
The report was prepared by Mr Tim Berge of Pangean Resources LLC. Tim Berge is an internationally recognised geophysicist with over 30 years experience, including time with Exxon Ventures and Forest Oil, and is credited with a number of significant field discoveries including the multi-Tcf Ibhubesi Field in South Africa.
Of key significance is the conclusion that PEP11 has all the working components of a gas-charged hydrocarbon system and is a potential giant gas province. The mean estimate of the portfolio aggregate prospective resources has been calculated to be 15.9 Tcf recoverable.
The major shareholders of Advent are:
MEC Resources (ASX: MMR)
BPH Energy (ASX: BPH)
Talbot Group Investments
Grandbridge (ASX: GBA)
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