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.
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