Preparations begin for Sydney basin seismic survey, MEC says
PERTH, Australia -- MEC Resources has announced that investee entity Advent Energy Limited has commenced preparations for seismic acquisition in PEP11 in the offshore Sydney basin, offshore New South Wales.
Advent Energy' s wholly-owned subsidiary Asset Energy Pty Ltd, with JV partner Bounty Oil and Gas, is intending to perform a 3D seismic survey of approximately 225 sq km in PEP11.
Pending the necessary regulatory approvals and contracting of a suitable seismic vessel, the survey is intended to take place over a 4 to 5 week period between November 2014 and May 2015.
The PEP11 JV participants are Asset Energy (85% and operator) and Bounty Oil and Gas NL (15%).