MEC Gets Approval to Suspend Work Program for EP386 in Bonaparte Basin

MEC Resources Ltd. disclosed Tuesday that the Western Australia Department of Mines and Petroleum (DMP) has approved a suspension of the EP386 Year 2 work program of one exploration well in the Bonaparte Basin, Western Australia until March 31, 2016.

The EP386 Permit Work Program is now as follows:

  • Year 1 - 31 miles (50 kilometers) 2D seismic reprocessing; one production test
  • Year 2 - One exploration well
  • Year 3 - Engineering studies; geophysical studies
  • Year 4 - 31 miles (50 kilometers) new seismic survey
  • Year 5 - Engineering studies; geptechnical studies

EP386 is held 100 percent by Onshore Energy Pty Ltd. Onshore Energy Pty Ltd. is a wholly owned subsidiary of MEC Resources Ltd. Investee entity Advent Energy Ltd.

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