MEC: Preparations begin for NSW seismic survey
- Business & Finance
MEC Resources has informed that investee entity Advent Energy Limited has started preparations for seismic acquisition in PEP11 in the offshore Sydney Basin, offshore New South Wales, Australia.
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%).