Advent Kicks Off Sydney Basin Shoot

Advent Energy has launched a 2D seismic exploration survey over the Baleen prospect in PEP11 offshore New South Wales.

MEC Resources’ investee Advent Energy holds an 85% interest in PEP11 through its wholly-owned subsidiary Asset Energy.

A 2D seismic survey of approximately 200-line kilometer is now occurring offshore Newcastle and pursuant to an environment plan accepted by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).

The data acquisition kicked off this morning, following a short delay due to unfavorable sea state conditions.

The survey is being undertaken over the Baleen prospect in PEP11. It is anticipated to take approximately 3-4 days, and will be undertaken at a location predominantly 30 kilometers southeast of Newcastle, NSW. A tie line to the New Seaclem-1 exploration well site, approximately 50 kilometers northeast of the main survey area, will also be undertaken for geological calibration of survey data.

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