Pep11

PEP11 2D SEISMIC UPDATE – MOBILISATION OF VESSEL
MEC Resources Ltd (ASX: MMR) (“the Company” or “MEC”) is pleased to provide an update on the PEP11 2D seismic exploration survey offshore New South Wales.
The Company’s investee Advent Energy Ltd holds an 85% interest in PEP11 through wholly owned subsidiary Asset Energy Pty Ltd.
A 2 dimensional seismic survey of approximately 200 line km is planned to occur offshore Newcastle and pursuant to an environment plan accepted by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
The Company is pleased to advise shareholders that the vessel contracted to undertake the survey which had been impacted by Tropical Cyclone Iris, has now commenced transit to Newcastle. The survey is now anticipated to commence on the 15th April, pending weather.
The survey will be undertaken over the Baleen prospect in PEP11. It is anticipated to take approximately 3-4 days, and will be undertaken at a location predominantly 30km southeast of Newcastle, NSW. A tie line to the New Seaclem-1 exploration well site, approximately 50km northeast of the main survey area, will also be undertaken for geological calibration of survey data.
We look forward to providing further updates on these activities as the planned exploration activities progress.