Australia: Advent Energy to Tow Ocean Patriot Rig to New Seaclem-1 Location

MEC Resources Limited has been advised by its investee company Advent Energy Limited (Advent Energy) that it has received updated advice as to operational handover of the Ocean Patriot semisubmersible drilling rig.

Advent Energy, through wholly owned subsidiary Asset Energy Pty Ltd, will commence towing of the Ocean Patriot to the New Seaclem-1 location tomorrow, Wednesday 8th December 2010.

The tow to the New Seaclem-1 location, 55 km due east of Newcastle, will take approximately four (4) days.

Upon arriving at location, the rig’s anchors will be run before the rig ballasts down.

New Seaclem-1 is anticipated to spud late Tuesday 14th December.

The major shareholders of Advent are MEC Resources Limited , BPH Corporate Limited , Talbot Group Investments and Grandbridge Limited .

About MEC Resources Limited

MEC Resources  aims to achieve maximum capital appreciation by early stage investing into small and medium-sized energy and minerals exploration companies with strong growth potential and a well-defined exit strategy, such as an initial public offering or acquisition.

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Source: Mec  , December 7, 2010

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