Sydney basin reserves estimate gets boost

Advent Energy Ltd. has assessed gas prospects in PEP11, offshore Sydney basin, reports MEC Resources Ltd.

Offshore staff

NORTH PERTH, Western Australia – Advent Energy Ltd. has assessed gas prospects in PEP11, offshore Sydney basin, reports MEC Resources Ltd. The exploration data indicates new, prospective multi-Tcf stratigraphic plays in the tract.

Advent notes that these newly identified prospective zones are analogous to the giant Marlim field in the Campos basin off Brazil.

Advent continues to pursue joint venture discussions and also discussions to secure an appropriate drilling rig to test PEP11.

08/11/2009

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