MEC Resources Ltd. investee company Advent Energy Ltd. disclosed Tuesday that the National Offshore Petroleum Titles Administrator (NOPTA) has approved a suspension of the permit terms of EP386 in the onshore Bonaparte Basin, north-eastern Western Australia.
Following application by Onshore Energy Pty Ltd. (EP386 titleholder and wholly owned subsidiary of Advent), the Western Australian Department of Mines & Petroleum has granted a suspension of the condition requiring the completion of the existing work commitments for a period of 12 months to March 31, 2017.
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