News and Announcements
Advent Energy to acquire 3D seismic in PEP11, offshore Sydney Basin
- Published June 24, 2014 11:20AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
MEC Resources has advised that investee entity Advent Energy has commenced preparations for seismic acquisition in PEP11 in the offshore Sydney Basin, offshore NSW.
Advent Energy’s wholly owned subsidiary Asset Energy Pty Ltd, with joint venture partner Bounty Oil and Gas, is intending to perform a 3D seismic survey of approx. 225 km2 in PEP11. Pending the necessary regulatory approvals and contracting of a suitable seismic vessel, the survey is intended to take place over a 4 – 5 week period between November 2014 and May 2015.
The PEP11 joint venture participants are Asset Energy Pty Ltd (85% and operator) and Bounty Oil and Gas NL (15%).
To read the full announcement please download the document below.
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