🕐01.02.10 - 00:41 Uhr

MEC Resources [ASX: MMR] - Advent Energy PEP11 Update



1 February 2010
Companies Announcement Office
Australian Securities Exchange Limited
10th Floor, 20 Bond Street
SYDNEY NSW 2000
Dear Sir,
ADVENT ENERGY PEP11 -UPDATE
MEC Resources (ASX:MMR) is pleased to provide an update on current developments regarding investee
company Advent Energy Ltd ("Advent") and its progress towards undertaking a drilling program at PEP11 in
the offshore Sydney Basin.
• SEISMIC REPROCESSING
Investee company Advent Energy Ltd ("Advent") has advised the reprocessing of 2004 2D seismic data
acquired over PEP11 in the offshore Sydney Basin is nearing completion.
The seismic reprocessing is being carried out by Fugro Multi Client Services over three stages.
The first two phases of the reprocessing of seismic lines over the key structures and primary drilling area has
been completed to preliminary final stage and received by Advent.

The reprocessing has shown marked
improvement from the original processed data with better multiple removal and improved structural imaging.
Primary drilling targets have retained their prospectivity.
The third stage of reprocessing covering areas outside of the primary drilling area will be completed during
the quarter..
• PRELIMINARY REPROCESSING RESULTS
Evaluation of the reprocessed seismic data for Direct Hydrocarbon Indicators (DHI) has commenced with
evidence of Flat Spots.

The reprocessed data will also be better suited for Amplitude Versus Offset and
other seismic attribute analyses.

These attribute studies will be undertaken during the quarter.

These
potential DHI have been observed coincident with key structural targets (eg seismic lines 15 through 19) and
increase the confidence in validation of the target for the first exploration well.
A further ASX announcement providing details on this development will be made once further technical
validation has been completed.
• EXPANSION OF DRILLING TARGETS
The reprocessing has validated existing drilling targets and identified further potential drilling targets have
also been identified.

These include a shallow water target in the region where Santos had previously
identified potential trap configurations.
Santos had previously identified a potential trap configuration (lead J) in the magnetically defined saddle
which is truncated and possibly fault sealed up dip by the North Uplift contact.

They further indicated another
lead just inshore of Seismic Line 81-12.




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