Aug 28th 2012 - Edison Investment Research today published a report on MEC Resources entitled "Early-stage Gas Play". In summary, the report says:
MEC Resources’ (MEC) key investment, Advent Energy, is advancing early-stage work programmes targeting both conventional and unconventional gas. Its main current focus is the acreage it holds in the onshore Bonaparte Basin, which has yielded four modest conventional gas discoveries to date. A large and gassy shale formation underlies its Bonaparte permits and is drawing increasing explorer interest in the region. Securing the further funding and/or partnerships necessary to meaningfully progress its work programmes will be a key focus for Advent and, therefore, MEC, over the coming year.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
