🕐07.11.11 - 03:54 Uhr

MEC RESOURCES [ASX: MMR] - ADVENT ENERGY WAGGON CREEK-1 GAS FLOW





Fortbridge Media Release

MEC Resources [ASX: MMR] - Advent Energy Waggon Creek-1 Gas Flow

MEC Resources (ASX: MMR) provides the following advice regarding investee company Advent Energy Ltd and its workover/production testing program at Vienta-1 and Waggon Creek-1 at its 100% owned EP386 permit in the onshore Bonaparte Basin.

The completion and flow test program of Waggon Creek-1 was concluded on Friday 4th November 2011. The well was completed with perforations over intervals 384.1-390.1 m and 393.1-395.1 m in the Milligans Formation sandstone reservoirs. Preliminary field observations showed that during the 6 hour flow through a test separator with back pressure of 50 psi, the well flowed gas at a stabilised rate of approximately 1.07 million standard cubic feet of gas per day (MMscf/d) through a 32/64� choke with Flowing Tubing Head Pressure (FTHP) of 153 psi which was still rising slowly at the end of the flow test. No water was produced during the flow test.

Further extended production tests with downhole gauges are planned to be conducted during the 2012 dry season for obtaining reservoir properties and deliverability.

As announced previously, production testing at Vienta-1 in EP386 yielded gas flows at initial rates of 1.97 (MMscf/d) and reducing to 0.53 MMscf/d within an hour�s flow. The shut in and extended build-up pressure monitoring returned strong pressure recovery.

More detailed analysis is underway and derived interpretations will be reported on in due course. Demobilisation of the workover rig and production testing equipment has concluded. Advent has now finalised its field operations at Vienta-1 and Waggon Creek-1 for the 2011 dry season due to the wet weather.

Both Waggon Creek-1 and Vienta-1 have been suspended for future potential production and/or further investigative operations in the 2012 dry season.

For further information, please contact:

David Breeze
Executive Director
MEC Resources Ltd
Tel: +61 8 9328 8477

Media Enquiries:

Fortbridge
Tel: +61 2 9003 0477
Peter-John Lewis
Mobile: +61 416 290 604
Email:








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