InvestSMART

MEC Resources Limited (ASX:MMR)

ALERT: Price-sensitive ASX Announcement for MMR
Current share price for MMR : $0.002 -0.004 (-66.67%)+
Announcement
Release
24 Feb 2026 9:51AM
Price at Release
$0.006
Full Release
download
Summary
MEC Resources Limited has announced an update concerning the PEP 11 project, highlighting recent Federal Court proceedings related to the project's extension applications. In the hearing held before the Federal Court of Australia in Sydney, presided over by Justice Jackson, the court reviewed the case over two days, receiving affidavits and documents from the involved parties, including Advent Energy Limited, a 37.95% investee of MEC. The focus was on the judicial review of the Joint Authority's decision to refuse the extension applications for PEP 11. The court has reserved its decision, and the involved parties await the outcome.
Key Points
  • Federal Court hearing on PEP 11 extension applications.
  • Hearing involved Advent Energy Limited and Bounty Oil & Gas NL.
  • Justice Jackson presided over the proceedings.
  • The court reviewed affidavits and documents.
  • Decision reserved for a future date.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.