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MEC Resources Limited (ASX:MMR)

ALERT: Price-sensitive ASX Announcement for MMR
Current share price for MMR : $0.002 -0.001 (-20%)+
Announcement
Release
3 Jul 2026 8:18AM
Price at Release
$0.003
Full Release
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Summary
MEC Resources Limited announced that Advent Energy Limited, in which MEC holds an indirect interest, will appeal a decision by the Federal Court of Australia regarding the Petroleum Exploration Permit PEP11. The appeal will be conducted by Advent's subsidiary, Asset Energy Pty Ltd, the operator of the PEP11 Joint Venture. MEC Resources Limited is not directly involved in the proceedings but will keep the market informed of any developments. PEP11 is considered a promising site for natural gas exploration, potentially addressing Australia's east coast gas supply shortfall.
Key Points
  • Advent Energy to appeal Federal Court judgement regarding PEP11.
  • MEC Resources holds indirect interest in PEP11 through Advent Energy.
  • PEP11 located offshore near Newcastle, NSW, covering 4,649 square kilometers.
  • Permit considered promising for natural gas, addressing east coast gas supply issues.
  • MEC Resources not a party to the proceedings but will update market on developments.
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.