MEC RESOURCES LIMITED (MMR)

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The company releases a notice of proposed issue of securities.

The company releases a notice of proposed issue of securities.

The company has raised A$157,300 before costs by way of placement of shares to professional and sophisticated investor at an issue price of $0.0044 per share under the company's LR7.1 placement capacity. This share issue is accompanied by 1 free option for each share subscribed with an exercise price of 0.0055 and expiry 24 months from the issue date. Funds raised will be utilised to facilitate the company's compliance requirements, work associated with moving the company towards reinstatement to trading on the ASX and general short-term working capital requirements.

The company provides a PEP11 update in relation to the New South Wales Legislation.

The company lodges its Half Yearly Report and Accounts.

Clean hydrogen Technologies now moved from proof of concept to production.

Bounty Oil & Gas NL refers to the media release "NSW introduces legislation to protect coastal waters from offshore drilling and mining" issued by several New South Wales State Government Ministers on 6 February 2024. Until the proposed Legislation actually becomes NSW law and has been reviewed by our legal advisers Bounty is unable to provide any detailed comment.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

Clean Hydrogen has developed and tested its processing capabilities which have successfully produced hydrogen, with no CO2 emissions. Clean Hydrogen plans to demonstrate the commercial viability of its two (2) products Turquoise Hydrogen and solid carbon.

The company releases the results of its meeting.

The company releases its Chairmans Address 2023 AGM.

NSW Legislative Committee on Environment and Planning tabled its report into the Minerals Legislation Amendment (Offshore Drilling and Associated Infrastructure Prohibition) Bill 2023 . The Committee has recommended that the Bill not pass.

The company releases an Emerging Gems Presentation.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The Notice of Meeting can be viewed and downloaded from this link: https://www.mecresources.com.au/announcements/. A complete copy of the Meeting materials has been posted to the Company's ASX Market announcements page at www2.asx.com.au under the Company's ASX code "MMR".

The company's AGM will be held at 10.30am (WST) on 29 November 2023 at Level 1 9 Bowman Street SOUTH PERTH WA 6151.

The company releases a notice of proposed issue of securities.

The company releases its Corporate Governance Statement.

The company releases an Appendix 4G.

The company lodges its Annual Report to shareholders.

The company highlights the following information in relation to its 38.27% investee company, Advent Energy: Extension and Variation Applications for PEP-11 Permit to Enable Drilling of Seablue 1 Gas Well at Baleen. The Importance of New Gas Projects & Gas Supply.

The company releases the results of its meeting.

The company lodges Advent Energy Ltd's 2023 Annual Financial Report.

Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

Wind Development Area Gazetted off Hunter Region of NSW. Extension & Variation Applications for Pep-11 Permit to Enable Drilling of Seablue 1 Gas Well at Baleen. The Importance of New Gas Projects & East Coast Australia Gas Supply well documented.

The company releases a notice of proposed issue of securities.

The company releases its Constitution.

The company releases the results of its meeting.

The company's AGM will be held at 10.30am (WST) on 4 July 2023 at Level 1 9 Bowman Street SOUTH PERTH WA 6151.

MEC's PDF registration updated on Australian Government Business website. Gazetted by the Commonwealth of Australia.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

Clean Hydrogen investment to be expanded. Further funding of $500,000 advanced to Clean Hydrogen Technologies Corporation by Advent.

The company releases a notice of proposed issue of securities.

The company has raised A$179,263 before costs by way of placement of Shares to professional and sophisticated investors pursuant to section 708 of the Corporations Act 2001 (Cth) at an issue price of $0.0044 per Share under the Company's LR7.1 placement capacity. This share issue is accompanied by one (1) free option for each Share subscribed with an exercise price of 0.0055 and expiry 24 months from the issue date. The Company will be seeking shareholder approval to issue the options at the Company's AGM to be held in the near future. Funds raised from this capital raising will be utilised by the Company to facilitate its compliance requirements, work associated with moving the Company towards reinstatement to trading on the ASX and general shortterm working capital requirements.

The Department for Industry Innovation and Science Australia's decision of 23 April 2021 to affirm a decision of 3 February 2021 under s 47 of the Pooled Development Funds Act 1992 (Cth) to revoke MEC's Pooled Development Fund registration declaration is set aside. In substitution the AAT decided not to revoke MEC's Pool Development Fund registration. MEC's PDF registration is reinstated.

The company lodges its Half Yearly Report and Accounts.

The company releases a notice of proposed issue of securities.

The Company had raised A$154,388 before costs by way of placement of Shares to professional and sophisticated investors at an issue price of $0.0044 per Share under the Company's LR7.1 placement capacity. This share issue was also accompanied by the issue of one (1) free option for each Share subscribed with an exercise price of 0.0055 and expiry 24 months from the issue date. The Company intends to apply to the ASX to have the options listed if there are 50 or more holders. Funds raised from this capital raising will be utilised by the Company to facilitate its compliance requirements, work associated with moving the Company towards reinstatement to trading on the ASX and general short term working capital requirements.

The company has raised A$154,388 before costs by way of placement of Shares to professional and sophisticated investors at an issue price of $0.0044 per Share under the Company's LR7.1 placement capacity. Funds raised from this capital raising will be utilised by the Company to facilitate its compliance requirements, work associated with moving the Company towards reinstatement to trading on the ASX and general short term working capital requirements.

The company releases a notice of proposed issue of securities.

The company lodges the following: Annual Report to shareholders, Appendix 4G and Corporate Governance Statement.

Federal Court of Australia quashes former Prime Minister Scott Morrison's decision to refuse PEP 11 extension & secondary work program. The PEP 11 application is remitted to the Joint Authority to be determined in accordance with law. The Australian Government ordered to pay Asset's costs as agreed or assessed.

Advent, on behalf of the PEP 11 Joint Venture comprising Advent holding an 85% interest and Bounty Oil & Gas NL holding a 15% interest that further to ASX release on 7 February 2023, the judgment and reasons for decision in the Federal Court Proceedings (WAD106/2022) between Asset Energy Pty Ltd and the Respondents are to be handed down by Justice Jackson at 9.15 Perth Time on 14 February 2023. PEP 11 continues in force and the PEP 11 JV is fully in compliance with the contractual terms of PEP 11 permit with respect to such matters as reporting, payment of rents and the various provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

Jackson J of the Federal Court of Australia has now vacated several interlocutory orders previously made in connection with preparing for the hearing of Proceeding Number WAD106/2022 between Asset Energy Pty Ltd and the Respondents; being the Commonwealth Minister for Resources et al. It's anticipated that the Federal Court will consider the joint position to settle the matter without a trial taken by Asset Energy and the Minister and decide the matter accordingly. EP 11 continues in force and the PEP 11 JV is fully in compliance with the contractual terms of PEP 11 permit with respect to such matters as reporting, payment of rents and the various provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

In Proceedings Number WAD106/2022 between Asset Energy Pty Ltd and the Respondents namely Commonwealth Minister for Resources et al. the parties, have filed proposed consent orders in the Federal Court of Australia. The proposed orders seek to end the ongoing litigation concerning PEP 11 without the need for a trial. The consent orders will only be made if the Federal Court of Australia considers it appropriate and the parties await further direction by the Court. PEP 11 continues in force and the PEP 11 JV is fully in compliance with the contractual terms of PEP 11 permit with respect to such matters as reporting, payment of rents and the various provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

The company lodges its Dec 2022 - Appendix 4C.

The company lodges its Dec 2022 - Quarterly Report.

Subsequent to MEC's ASX announcement of 5 April 2022, Advent's 100% subsidiary Aotearoa Offshore Limited has given notice to OMV New Zealand Limited Limited, under clause 4.3.6 of the Farm Out Agreement executed on 24th December 2021, that it is terminating the Agreement.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

Asset Energy has now lodged an amended originating application for judicial review.

Regarding the legal developments regarding Asset Energy Pty Ltd's Federal Court application and the former Prime Minister Scott Morrison's use of extraordinary ministerial powers to block the PEP-11 gas exploration licence, the documents in the proceedings have been made publicly available by the Federal Court of Australia including Asset Energy's Application for Judicial Review and the orders which Asset Energy is seeking from the Court. On 5 October 2022, a bundle of documents relating to the former Prime Minister's purported decision were provided to the Federal Court of Australia by the Commonwealth Minister for Resources.

The company lodges the Investee Advent Energy Ltd - 2022 Annual Financial Report.

In light of the recent media coverage regarding former Prime Minister Scott Morrison's use of ministerial powers to block the PEP-11 gas exploration licence, the Company is currently undertaking a full review of its options, including potential for legal channels, as part of its strategy to protect shareholder value. MEC investee Advent has received a copy of the Environmental Plan for PEP-11 Baleen well from the Xodus group. The plan is currently being reviewed prior to release. On 2 June 2022 Advent Energy Limited's 100% subsidiary Asset Energy Pty Ltd announced it had applied to the Federal Court of Australia to review the decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority to refuse to vary and suspend the work conditions on PEP-11, pursuant to section 264(2) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth), and to refuse to extend the term of PEP-11, pursuant to section 265 of that Act. Asset's application to the Joint Authority was initially made in January 2020.

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Friday, 19 August 2022 would have its securities suspended from Official Quotation before the commencement of trading on Monday, 22 August 2022. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023, and each entity's securities are already suspended from quotation. Under Listing Rule 17.15, any entity that has not paid its annual listing fees as required by Listing Rule 16.5 by 5.00 pm AEST on Friday, 26 August 2022 will be removed from the Official List with effect from the close of trading on Friday, 26 August 2022.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

Advent is pleased to announce that it together with BPH Energy Ltd, following BPH's shareholder meeting on 21 June 2022 at which shareholders voted unanimously to approve to make an investment in hydrogen technology company, Clean Hydrogen Technologies Corporation that BPH and its investee Advent have now settled the acquisition of a 10% interest in Clean Hydrogen Technologies for US$1,000,000, as detailed in ASX release 30 May 2022. (8% BPH and 2% Advent). BPH and Advent have a further first right of refusal to invest in Clean Hydrogen Technologies to a maximum of a further US$1m for a further 10%, on or before 31 December 2022.

Investee Advent appeal for review of Federal Government decision to refuse to extend PEP 11 Permit.

The company lodges its Half Yearly Report and Accounts.

Investee Advent Energy Limited together with BPH Energy Ltd (ASX:BPH) intends to pursue an investment in a hydrogen technology company, Clean Hydrogen Technologies Corporation (Clean Carbon). At a proof-of-concept scale, Clean Carbon has developed and tested its processing capabilities which have successfully produced hydrogen, with no C02 emissions achieving on average a 92% cracking efficiency. Clean Carbon also produces a second product, used for battery manufacturing, called conductive carbon.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The AAT hearing in relation to the Delegate of Innovation and Science Australia, decision of 3 February 2021 to revoke MEC's registration declaration as a PDF under s47 of the PDF Act was heard over the 27-28 January 2022. The Company has completed its written closing submissions and will attend a final oral hearing at the AAT in closing the Company's case. It's expected that this process will be concluding in late April 2022. The Company has made a submission to the ASX to consider conditions for reinstatement on the basis of continuation of MEC's existing business and recapitalisation of the Company. The Company makes a request to extend the voluntary suspension period to 28 04 2022.

Advent Energy Limited, through its subsidiary Aotearoa Offshore Ltd NZ (AOLNZ), has the right to acquire a 30% participating interest in Petroleum Exploration Permits 57075, 60092 and 60093 covering an area of 5,180 km2 in the Taranaki Basin from OMV New Zealand Limited. Toutouwai-2 appraisal well is being assessed for drilling early in 2023. OMV New Zealand Limited to remain operator of all three permits with a 40% participating interest. SapuraOMV will continue to hold their 30% participating interest in the licences.

BPH Energy Limited and Bounty Oil & Gas NL as the PEP 11 Joint Venture announce that they have today been given notice by the National Offshore Petroleum Titles Administrator that NOPTA has refused the Joint Venture Application initially submitted on 24 December 2019 for a secondary work program variation and a 24-month suspension of the Permit Year 4 Work Program Commitment and the corresponding 24-month extension of the Permit Term. The Joint Venture has statutory legal rights to seek a review of the decision referred to in the notice under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and is obtaining legal advice on such review process.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The company releases the results of its meeting.

The AAT hearing in relation to the Delegate of Innovation and Science Australia decision of 3 February 2021 to revoke MEC's registration declaration as a PDF under s47 of the PDF Act is scheduled for 27-28 January 2022. The Company has made a submission to the ASX to consider conditions for reinstatement on the basis of continuation of MEC's existing business and recapitalisation of the Company. The Company makes a request to extend the voluntary suspension period to 31 01 2022.

The company releases an application for quotation of securities.

The company is convening an Annual General Meeting of shareholders to be held on Friday 21 January 2022 at 2:00pm WST.

The company releases a notice of proposed issue of securities.

The Prime Minister of Australia, Scott Morrison, today announced that the Federal Government would refuse the joint venture's applications to extend the PEP 11 Permit for gas exploration in the offshore Sydney Basin.

The company releases the results of its meeting.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

A Call for Tender has been issued by Advent, through its' subsidiary Asset Energy, for the provision of Directional Drilling, Measurement While Drilling and Logging While Drilling for the Seablue-1 gas exploration well. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

A Letter of Intent has been issued by Advent, through its' subsidiary Asset Energy for the provision of Drilling Fluids & Solids Control Equipment, Materials and Services for the planned Seablue-1 exploration well. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

The company releases an Appendix 4G.

The company lodges its Annual Report to shareholders.

The company is convening a general meeting on 13 December 2021 at 2:00pm (WST) at Here Business & Wealth Boardroom Level 1, 9 Bowman Street SOUTH PERTH WA 6151.

The ASX has advised that "Should Advent be successful in the extension of its PEP11 oil and gas exploration lease and MEC be successful in its appeal to reinstate its status as a PDF, ASX could consider conditions for reinstatement on the basis of continuation of MEC's existing business". At present the Company is working to complete a notice of meeting to deal with the Advent Writs and expects to have this available for shareholders shortly. The Company continues to provide information and submissions in relation to the Administrative Appeals Tribunal process as a lead up to the AAT hearing as it relates to the Delegate of Innovation and Science Australia decision of 3 February 2021 to revoke MEC's registration declaration as a PDF under s47 of the PDF Act. The Company makes a request to extend the voluntary suspension period to 31 10 2021.

A Letter of Intent has been issued by Advent, through its' subsidiary Asset Energy, to Weatherford Australia Pty Ltd for the provision of Liner Hanger & Expandable Equipment and Services for the planned Seablue-1 exploration well.. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

The company releases the Investee Advent - CCS Forum Presentation.

A Letter of Intent has been issued by Advent, through its' subsidiary Asset Energy, to Oil States Industries (Asia) Pte Ltd (Oil States) for the provision of Conductor and Surface Casing & associated services for the planned Seablue-1 exploration well. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

A Letter of Intent has been issued by Advent, through its' subsidiary Asset Energy Pty Ltd, to Aztech Well Construction Services for the provision of Drilling Project Management services for the upcoming Seablue-1 exploration well. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

The company lodges its Preliminary Final Report.

The company lodges the Investee Advent Energy Ltd 2021 Annual Report.

At present the Company is working to complete a notice of meeting to deal with the Advent Writs and expects to have this available for shareholders shortly. The Company continues to provide information and submissions in relation to the Administrative Appeals Tribunal process as a lead up to the AAT hearing as it relates to the Delegate of Innovation and Science Australia, decision of 3 February 2021 to revoke MEC's registration declaration as a PDF under s47 of the PDF Act. The Company makes a request to extend the voluntary suspension period to 30 9 2021.

The company releases an Investor Webinar Presentation.

The company releases an Investor Webinar.

The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation.

The company releases an Investor Presentation.

The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation.

The company releases a presentation for the CCS Conference.

A Letter of Intent has been issued by Advent to DQ Holdings Pty Ltd (Dril-Quip) for the provision of subsea wellhead equipment, materials and associated services for the upcoming Seablue-1 exploration well. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The company releases a Company Presentation.

Advent has advised that a Call For Tender for the provision of Conductor and Surface Casing & Associated Services for Advent's upcoming exploration well has been issued. The proposed well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth. The proposed well has two objectives: (i) a gas target and (ii) evaluation for Carbon Capture Storage, subject to funding. The PEP11 interests are: Advent Energy Limited "“ 85% and Bounty Oil & Gas Limited - 15%.

The ASX has advised that "Should Advent be successful in the extension of its PEP11 oil and gas exploration lease and MEC be successful in its appeal to reinstate its status as a PDF, ASX could consider conditions for reinstatement on the basis of continuation of MEC's existing business". The Company makes a request to extend the voluntary suspension period to 31 7 2021.

Advent has advised that a Call For Tender for the provision of drilling rig services for the Baleen-1 exploration well was issued today. The tender has been issued to multiple drilling contractors who have semi-submersible drilling units in the region. The Baleen-1 well is planned to be drilled in 125m of water approximately 26 km offshore and approximately 30 km SSW of the City of Newcastle. The drilling of the well is subject to regulatory approvals and is expected to take around 40 days to reach total depth.

Advent's wholly owned subsidiary, Asset Energy Pty Ltd, has issued a Call For Tender for the provision of subsea wellhead equipment, materials and associated services for the Baleen drilling program. This equipment provides the "˜foundation' for the Baleen well and is the first stage of well construction.

Advent has advised that after assessing proposals for Environmental Approvals for Baleen-1 it has appointed Xodus Group under a lump sum contract to prepare the Environmental Plan for first submission to the National Offshore Petroleum Safety & Environmental Management Authority. MEC confirms that the PEP11 interests are: Advent Energy Limited "“ 85% and Bounty Oil & Gas Limited (ASX:BUY) "“ 15%.

The company releases a Company Presentation.

Advent Energy has further reviewed research reports by the Australian Government Agency Geoscience Australia. The report confirmed natural gas features in the Offshore Sydney Basin and identified a series of large pockmarks. Advent also has noted the Federal Government funding incentives for carbon capture and storage technology announced in the Federal Government Budget. This focus on CCS has highlighted the additional objective of the Baleen Well drilling. The Baleen project is the closest potential offering of storage capacity for CCS to Sydney/Newcastle which produces approximately one third of Australia's CO2 emissions.

MEC can confirm that it has now applied, through its legal representative, to the Administrative Appeals Tribunal under the Administrative Appeals Tribunal Act 1975 for review of the decision by the PDF Board. This appeal notice was lodged on 12 May 2021 well within the lodgment deadline of 28th May 2021.

The Delegate of Innovation and Science Australia, as required by s55(5) of the PDF Act, has reconsidered the Committee's decision of 3 February 2021 and following review of further information provided by MEC on 18 March 2021 and 15 April 2021, the Delegate has informed MEC via letter dated 30 April 2021 that he confirms the Committee's decision of 3 February 2021 to revoke MEC's registration declaration as a PDF under s47 of the PDF Act. As the Delegate has reaffirmed the Committee's decision to revoke MEC's PDF registration, MEC will now proceed to apply to the Administrative Appeals Tribunal under the Administrative Appeals Tribunal Act 1975 for review of the decision by the PDF Board. This appeal notice will be lodged before 28th May 2021. On 23 April 2021 MEC also submitted a referral to the Commonwealth Ombudsman in relation to the revocation. MEC will also now consult its legal advisors in relation to the actions of the prior company officers responsible for the lodgment of the returns with the Department the subject of the revocation decisions.

The company lodges its March 2021 Quarterly Report & Appendix 4C.

Advent has now received the Environmental Review Report Report for the Baleen well in in offshore license PEP11. Advent is the operator of the permit through its wholly owned subsidiary, Asset Energy Pty Ltd, in Joint Venture (85%) with Bounty Oil & Gas NL (15%). The report addresses the drill target on the Baleen prospect initially announced with total depth of 2150 metres on seismic data line B4-18.

The company lodges an Amended Appendix 4C - 30 June 2020 Quarter.

The company releases a response to the ASX query letter.

Advent has now received a Basis of Well Design Report for the Baleen well in in offshore license PEP11. Advent is the operator of the permit through its wholly owned subsidiary, Asset Energy Pty Ltd, in Joint Venture (85%) with Bounty Oil & Gas NL (15%). Advent now intends, subject to approvals and funding, to undertake deeper drilling to also undertake evaluation of the Offshore Sydney Basin for carbon sequestration. This has resulted in a revised specification of a well to target early Permian sandstones for both hydrocarbon and carbon sequestration potential with a revised total depth being set at 3150 meters. The Basis of Well Design report is now being assessed.

Newly appointed review officers of the Department have confirmed that MEC has met all the requirements of an internal review request which in turn is governed by s55 of the PDF Act. The review members have requested additional information from MEC to be provided on or before 5pm 18 March 2021 which the Company can confirm has been completed. The decision maker has 60 days to make a decision. The date therefore for the decision is no later than 27 April 2021. As soon as practicable after the decision maker confirms, varies or revokes the decision, the Department will, on the decision makers behalf, provide MEC with written notice that advises of the confirmation, variation or revocation of the decision. Depending on the outcome MEC may also apply to the Administrative Appeals Tribunal under the Administrative Appeals Tribunal Act 1975 for review of the decision as confirmed or varied by the PDF Board. MEC has requested that the revocation only be given effect at the end of all appeals process.

MEC can confirm that the internal review of the decision that led to the revocation of MEC's PDF registration is a merit-based process and enables a decision maker (not involved in the first decision in this circumstance) to take a fresh look at its original decision. Newly appointed review officers have confirmed that MEC has met all the requirements of an internal review request which in turn is governed by s55 of the PDF Act. The review members have requested additional information from MEC which will be provided on or before 5pm 18 March 2021. Once MEC has confirmed it has provided the information it is satisfied with to support / strengthen its view, the review officers we will prepare a recommendation to the decision maker as to whether to confirm or revoke the original decision or vary it in such manner as the delegate thinks fit. The decision maker has 60 days to make a decision. The date therefore for decision is no later than 27 April 2021.

Add Energy will deliver phased approach services to Advent Energy for the preparation and drilling of the Baleen Well PEP11. As part of the initial phase, a scope review gap analysis will be performed to determine how much work / time will be required to deliver the scope. Given that Advent Energy are still in the pre-approval stage of the license suspension and extension, the scope will be up to 20 days.

Add Energy has commissioned the Xodus Group to undertake a preliminary environmental screening assessment of the proposed Baleen well activity.

MEC confirms that under s55 of the PDF Act it has notified the Committee within the prescribed timeframe that it seeks a review of the decision made setting out in detail the reasons for making such request. MEC has also appointed legal counsel and obtained preliminary legal advice on the matter. The PDF Board must now reconsider the decision and may confirm or revoke it or vary it in such manner as the Board thinks fit noting however if the Board does not confirm, vary or revoke the decision before the end 60 days following MEC's formal request, the Board is taken, at the end of that period, to have confirmed the decision. MEC may also apply to the Administrative Appeals Tribunal under the Administrative Appeals Tribunal Act 1975 for review of the decision as confirmed or varied by the PDF Board. MEC has requested that the revocation only be given effect at the end of all appeals process.

The company lodges its Half Yearly Report and Accounts.

Advent Energy, through its wholly owned subsidiary, Asset Energy Pty Ltd, has released a statement of clarification on PEP 11 on behalf of the Joint Venture Partners Asset and Bounty Oil & Gas. The Joint Venture notes there have been reported press comments on 10 February 2021 attributed to the NSW Deputy Premier and Minister for Regional Industry and Trade, the Hon. John Barilaro MP. The Joint Venture has received no communication from the National Offshore Petroleum Titles Administrator in respect of its current applications. The Joint Venture Partners have sought clarification from NOPTA. Notwithstanding the attributed comments, the Joint Venture Partners understand that NOPTA will provide advice to the Federal Minister who is the Federal representative on the Joint Authority. BPH recently confirmed the appointment of Professor Peter Cook as an advisor on geosequestration for its project in the Offshore Sydney Basin. The Offshore Sydney Basin offers the potential opportunity for NSW to make deep cuts in its CO2 emissions through CCS -Carbon Capture and Storage.

Advent Energy Ltd appoints Andrew Hogan as contracts manager for Baleen well. The upcoming Baleen well plays a key role in the portfolio of Advent as new gas resources are urgently required to meet domestic demand in the South and East of Australia. The well also has the potential to play an important role in the transition to net zero carbon emissions as it will be evaluated for future use as part of an East Coast Carbon Capture and Storage program, complementing similar projects underway in Victoria and elsewhere.

MEC provides a commentary by investee company, Advent Energy contributing to net zero Baleen well objectives.

Investee company Advent has provided the following additional clarification in relation to the announcement of 5 February 2021. Advent has, on behalf of the PEP11 joint venture submitted to the National Offshore Petroleum Titles Administrator (NOPTA) a further application to extend the current PEP11 permit in offshore NSW. The application comprises a 24-month suspension of the Permit Year 4 work program commitments, with a corresponding 24-month extension of the current permit term. This application was accepted for processing by NOPTA on the 4 February 2021. This application was lodged to ensure the company is not in breach of the Year 4 PEP11 work program and expenditure commitments. The Joint Authority also confirmed in a release that it regarded the COVID-19 pandemic as a force majeure event. MEC has been informed by Advent that it does not foresee this recent application interfering with the NOPTA application to extend the permit terms for PEP11. Advent has further advised MEC that the NOPTA application extension to the permit terms for PEP11 is in the final phase of decision process and is now with the Joint Authority for decision.

MEC Resources Limited was notified on 5 February 2021 by the Innovation Investment Committee of Innovation and Science Australia that the Committee has revoked MEC's PDF registration as a result of the Company contravening ss19(1), 27, 27A and 42 of the Pooled Development Fund Act 1992.

Advent Energy Ltd has on behalf of the PEP11 joint venture submitted to the National Offshore Petroleum Titles Administrator an application to extend the PEP11 permit offshore NSW. The application has been made under the COVID-19 -Work Bid Exploration Permits announcement. The application for a 24-month suspension of the Permit Year 4 work program commitments, with a corresponding 24-month extension of the permit term and was accepted for processing by NOPTA on 4th Feb 2021.

MEC Resources Limited refers to the announcement made by BPH Energy Ltd and released on the ASX platform on 5 February 2021 entitled "PEP 11 Drilling BPH Energy Limited (ASX: BPH)".

The company lodges its Quarterly report Dec 2020 and Appendix 4C.

The company releases the results of its meeting.

A submission, which included various supporting evidence, was made to the ASIC regarding Mr Breeze's illegal removal from the Company as a director. On 4 January 2021 the ASIC accepted the submission and lodged a Notice of Revocation on the ASIC website document number 031113498. The practical effect of this Notice of Revocation is that a document lodged with the ASIC on 26 November 2016 by an officer of the Company at the time, document number 7E8563094, to remove Mr Breeze as a director of MEC is withdrawn. This in turn validates statements made by the Company in its ASX release on 22 October 2020 concerning Mr Breeze's continuing appointment as a director of MEC.

BPH advises that its investee company, Advent Energy Ltd, through its wholly owned subsidary, Asset Energy Pty Ltd, has signed a Preliminary Well Services Agreement with Add Energy. Under the agreement, Add Energy will initiate a review of rig availability and engagement terms for the Baleen well program. They will also develop a scope of supply lfor regulatoryo and environmental compliance and review the drilling campaign schedule including a review of the program for geosequestration drilling research as part of the Baleen drill project.

The Company makes a request to extend the voluntary suspension period to Friday, 15 January 2021 or the Company releasing an announcement in respect to a shareholder meeting.

The company releases a Letter to Shareholders regarding the 2020 AGM.

The company's aGM will be held at: 2:00pm (WST) on Friday, 29 January 2021 at 15 View Street NORTH PERTH WA 6006.

The company makes a request to extend the voluntary suspension period to 18 December 2020 or the company releasing an announcement in respect to a shareholder meeting.

Advent has informed MEC of its intension to withdraw its prior request for an in-specie distribution subject to settlement of its claim total of $872,288, made up of a claim which is owed a total of $242,155 by MEC to Advent Energy Limited and a further sum of $593,343 plus interest and costs of $36,790 by MEC to Asset Energy Pty Ltd giving a total of $872,288 and approval of shareholders of the terms of settlement. The in-specie distribution, if completed in full, will result in the Company disposing of its major investment and as a result there will most likely be a directive from the ASX to require MEC to recomply with the requirements of Chapters 1 and 2 of the ASX Listing Rules for the securities of the Company to be re-instated to official quotation. Furthermore, the Company is a registered PDF and, in this regard, the proposed in-specie distribution adds an element of complexity and risk in the management of the PDF requirements. The MEC Board considers this risk to be greater than the benefits. There will be a substantial reduction in the Company's assets which will decrease the value of the Company.

The company has entered into a settlement agreement with both Advent Energy and Asset Energy in relation to writs and demands issued by both Advent and Asset.

Both the company and Advent are reviewing options regarding the in-specie distribution framework and will be submitting this to the ASX for their consideration. The discussions with Advent and Asset Energy are progressing. The company makes a request to extend the voluntary suspension period to 11 December 2020 or the company releasing an announcement in respect to the potential in-specie distribution and outcome of writs and demands issued by both Advent and Asset, whichever occurs earlier.

The Company makes a request to extend the voluntary suspension period to Friday, 27 November 2020 or the Company releasing an announcement in respect to the potential in-specie distribution and outcome of writs and demands issued by both Advent and Asset , whichever occurs earlier.

The company lodges its Sept 2020 Quarterly Report & Appendix 4C.

The proposed in-specie distribution of shares the company holds in Advent Energy will be subject to shareholder approval at a general meeting of shareholders. The notice of meeting has been drafted and is expected to be ready for submission to the ASX in the near future. The company is consulting further with Advent about the in-specie distribution framework to enable it to complete its due diligence and issue a prospectus. The discussions with Advent and Asset Energy remain in progress. The company makes a request to extend the voluntary suspension period to 6 November 2020 or the company releasing an announcement in respect to the potential in-specie distribution and outcome of writs and demands issued by both Advent and Asset, whichever occurs earlier.

The Company has been notified by Mr David Breeze, BPH Energy Limited, Grandbridge Limited, Trandcorp Pty Ltd, Trandcorp Pty Ltd ATF the Trancorp Super Fund A/C and Protax Nominees Pty Ltd ATF Richards Super Fund that the intention to call a meeting of shareholders under section 249F of the Corporations Act has been withdrawn. No meeting will therefore be held, and shareholders are advised that no action is required.

The company lodges its Annual Report to shareholders.

The Company is consulting further with Advent about the in-specie distribution framework to enable it to complete its due diligence and issue a Prospectus. The current board of MEC remains committed to holding the meeting to vote on the in-specie distribution of the Advent shares that it holds and the Company continues to consult with the ASX on this matter. The Company makes a request to extend the voluntary suspension period to Friday, 23 October 2020 or the Company releasing an announcement in respect to the potential in-specie distribution and outcome of writs and demands issued by both Advent and Asset , whichever occurs earlier.

15,792,200 Ordinary Fully Paid Shares which were subject to voluntary escrow to 4 October 2020 have been released from escrow on 6 October 2020.

The company has entered into a standstill agreement with both Advent Energy and Asset Energy in relation to writs and demands issued by both Advent and Asset, the effect of which is to allow the parties time to negotiate the resolution of the pending claims.

The Directors of MEC Resources Limited regret the late lodgement of the Company's Annual Report and acknowledge that this is unacceptable. There are a number of factors which have impacted the lodgement of the Annual Report including the recent board restructure and importantly the new board members becoming familiar with a number of key items relating to the preparation of the Annual Report. The Board has been busy working with the Company auditors and its legal advisors and in doing so is endeavoring to complete and lodge the Annual Report in the next 7 working days.

MEC awaits information from Advent Energy such that it is able to complete a notice of meeting and prospectus. The Company awaits information from Advent to enable it to complete its due diligence and issue a Prospectus. The Company makes a request to extend the voluntary suspension period to Friday, 29th September 2020 or the Company releasing an announcement in respect to potential investments under its expanded investmen mandate and/or potential in-specie distribution, whichever occurs earlier.

The requisition under Section 249D of the Corporations Act 2001 has been withdrawn. Accordingly, the general meeting of shareholders which has been convened for Tuesday, 6 October 2020 will not proceed.

The company has received a writ of sumons from Advent. The writ is to appear in the District Court of Western Australia and alleges that the company owes Advent an amount of $242,155.21. The company is in th process of obtaining legal advice in respect to the claims made in the writ and its present intention is to defend these claims.

The company received a notice advising that BPH Energy, Grandbridge Limited, Tandcorp Pty Ltd, Trandcorp Pty Ltd ATF the Transcrp Super Fund A/C, Protax Nominees Pty Ltd ATF the Richards Super Fund A/C and Mr David Breeze, who in aggregate hold 7.27% of the Company's issued share capital, intend to move resolutions for the removal of the current directors of MEC. The company also received notice from BPH that the convening shareholders intend to call a meeting of shareholders. Shareholders are advised that no action is required at this time.

The Offshore Sydney basin offers a substantial opportunity to make a meaningful impact on the reduction of CO2 emissions through CCS -Carbon Capture and Storage (geo-sequestration of CO2 emissions).

Mr Stephen Harrison has agreed to take carriage of the process of securing the requisite information and documentation to complete the notice of meeting and prospectus to effect the in-specie distribution and to continue with the company's attempts to engage with Advent. Mr Harrison has agreed to resign as a director of the company in order to undertake this task.

The company releases a letter to its shareholders regarding the general meeting to be held on 6 October. Majority of the directors recommend to vote against the resolutions at the general meeting.

The company's general meeting will be held at Level 12, 255 George Street, Sydney, NSW 2000 on Tuesday, 6 October 2020 at 3.00 pm AEDT. A majority of the directors of the company recommend that shareholders vote AGAINST the 7 resolutions. They do not consider the resolutions to be in the best interests of the company or its shareholders.

The Board of MEC had sought to engage with the Board of Advent on a number of occasions and in mid August 2020, MEC wrote to Advent and proposed the formation of a committee whose function would be to assist Advent with the preparation of the relevant materials to complete the notice of meeting and prospectus. The Board of MEC remains committed to the in-specie distribution however after discussions with 3rd parties, the Board believes there are a number of alternatives that could yield faster and better solutions for all shareholders of Advent, including both MEC and BPH. To date, the company has note received further information or documentation to requests for further information, nor to its offer of assistance, from Advent.

The company lodges its Preliminary Final Report.

MEC awaits information from Advent Energy such that it is able to complete a notice of meeting and prospectus. The company makes a request to extend the voluntary suspension period to 11 September 2020 or the company releasing an announcement in respect to potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier.

The company has received a write of summons from Asset. The writ is to appear in the District Court of Western Australia and alleges that the company owes Asset an amount of $593,796 in respect to the purported loans to MEC. The company is in the process of obtaining legal advice in respect to the claims made in the writ and its present intention is to defend these claims.

MEC awaits information from Advent Energy such that it is able to complete a notice of meeting and prospectus. The Company makes a request to extend the voluntary suspension period to Friday, 28th August 2020 or the Company releasing an announcement in respect to potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier.

BPH Energy released an announcement entitled "PEP 11 Update". MEC has a 49.4% interest in Advent Energy and is Advent's largest shareholder.

On 11 August 2020, the company received a notice from shareholders, who together hold at least 5% of the company's issued share capital, requisitioning a general meeting of the company. The shareholderes propose the following items of business for consideration at a general meeting: the removal of Messrs Andrew Bald, Stephen Harrison, Anthony Hamilton and all other directors appointed after the section 203D notice dated 10 August 2020 and prior to the date of the general meeting, as directors from the company; and the appointment of Messrs Roderick Corps, Andrew Jones and Andrew Coloretti as directors. The company will now undertake the necessary steps to convene a general meeting in compliance with the Corporations Act.

BPH Energy released an announcement on 10 August entitled "PEP 11 Update". The update details the geological and geophysical basis for the exploration well at Baleen within PEP11 in the offshore Sydney Basin. The report identifies a revised drill target on the Baleen prospect on seismic data line B4-18 with total depth of 2150 metres.

The company releases an Appendix 2A.

At this stage, MEC continues to await the requisite information from Advent Energy in order to complete its notice of meeting and prospectus and assuming this information is provided in the near future, MEC is targeting convening a shareholders meeting circa early September. The Company makes a request to extend the voluntary suspension period to Friday, 14th August 2020 or the Company releasing an announcement in respect to potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier.

The company lodges its Appendix 4C - quarterly.

The following unlisted options have expired in accordance with the terms of which they were issued: 1,111,110 for an exercise price of $0.04. Expiry date is on 17 July 2020. The updated capital structure is as follows: listed ordinary fully paid shares: 684,451,176.

MEC continues to await the requisite information from Advent Energy in order to complete its notice of meeting and prospectus and assuming this information is provided in the near future, MEC is targeting convening a shareholders meeting circa late August. The Company makes a request to extend the voluntary suspension period to Friday, 31st July 2020 or the Company releasing an announcement in respect to potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier.

MEC refers to the announcement made by BPH Energy on the ASX platform on 7 July 2020 entitled "BPH Energy investee Advent Energy - PEP 11 Review - Ampolex". MEC is the largest shareholder in Advent Energy Limited holding 49.4% of the issued share capital of Advent Energy.

The Company makes a request to extend the voluntary suspension period to Friday, 17th July 2020 or the Company releasing an announcement in respect to potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier.

MEC reiterates that it intends to call a meeting of shareholders to effect the in-specie distribution of the Advent Energy shares that it holds and is presently awaiting further information from Advent Energy to finalise the requisite notice of meeting and prospectus. MEC is targeting convening a shareholders' meeting to be held in mid to late August.

MEC has written to the boards of Advent and Asset and advised them that their claims are denied and that any legal proceedings to recover the alleged debts will be opposed.

The Company makes a request to extend the voluntary suspension period to Friday, 3rd July 2020 or the Company releasing an announcement in respect to potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier.

Advent Energy limited and Asset Energy Pty Ltd have each served a notice of demand on MEC primarily in respect of costs incurred by Advent and Asset but claimed by MEC in its 30 June 2018 and 30 June 2019 annual Research and Development Tax Incentive claims with the Australian Taxation Office. The claim against MEC by Advent is $242,155.21, and by Asset $593,343.17.

MEC Resources Limited has 9,696,476 Unquoted Options on issue expiring at 5pm (AWST) on 6 July 2020. The exercise price of the Options is $0.04 cents per Option. The consequences for option holders when they do not exercise their Options by 6 July 2020 is that the Options will lapse, and no further entitlement will exist.

The Company makes a request to extend the voluntary suspension period to Friday, 19th June 2020 or the Company releasing an announcement in respectto potential investments under its expanded investment mandate and/or potential in-specie distribution, whichever occurs earlier. Th company is seeking additional information from Advent Energy such that it can finalise a prospectus in relation to the proposed in-specie distribution of shares in Advent Energy Limited.

The company has 59,114,729 Unquoted Options on issue expiring 22 June 2020.

The Company makes a request to extend the voluntary suspension period to Friday, 5th June 2020 or the Company releasing an announcement in respectto potential investments under its expanded investment mandate, whichever occurs earlier.

The Company makes a request to extend the voluntary suspension period to Friday, 22nd May 2020 or the Company releasing an announcement in respectto potential investments under its expanded investment mandate, whichever occurs earlier. The Company is also finalising a Prospectus in relation to the proposed in-specie distribution of shares of Advent Energy Limited.

The company lodges its Appendix 4C - quarterly.

The Company makes a request to extend the voluntary suspension period to Friday, 8 May 2020 or the Company releasing an announcement in respect to potential investments under its expanded investment mandate, whichever occurs earlier.

The following unlisted options have expired in accordance with the terms of which they were issued: 2,400,000 - $0.06 (exercise price) - 31 March 2020 (expiry date).

The company makes a request to extend the voluntary suspension period to Friday, 24 April 2020 or the company releasing an announcement in respect to potential investments under its expanded investment mandate, whichever occurs earlier.

The company makes a request to extend the voluntary suspension period to Friday, 20 March 2020 or the company releasing an announcement in respect to potential investments under its expanded investment mandate, whichever occurs earlier.

The company lodges its Half Yearly Report and Accounts.

The company makes a request to extend the voluntary suspension period to Friday, 6 March 2020 or the company releasing an announcement in respect to potential investments under its expanded investment mandate, whichever occurs earlier.

BPH Energy has now converted a receivable of $162,566 into 3,251,320 shares in investee Advent at a conversion price of $0.05 per share. Grandbridge , has also converted a receivable of $505,325 into 10,106,500 shares in Advent at a conversion price of $0.05 per share. The effect on the capital structure of BPH investee Advent has been to increase the number of shares on issue from 177,595,234 to 190,953,234 shares upon the completion of the conversion representing a 7.52 % dilution effect to existing Advent shareholders including MEC Resources Limited. BPH's direct shareholding in Advent has increased from 22.6% to 22.7%, and GBA's direct shareholding in Advent has increased from 6.6% to 11.4%, and MEC's direct shareholding in Advent has now fallen from 53% to 49.3%.

MEC advises that it was not provided with the opportunity to review the BPH Announcement prior to its release and that the cross-announcement was not authorized by the MEC board of directors. MEC is seeking clarification from Advent as to the failure to provide MEC with the notice of meeting and in respect to the matters considered at the general meeting, following which, MEC intends to obtain legal advice in respect to the validity of any purported approvals. MEC has, on a number of occasions, requested that Advent provide the requisite information to enable the company to prepare the prospectus level disclosure in accordance with the requirements under the Corporations Act and ASIC Regulatory Guide 228. At the date of the announcement, MEC has yet to receive a response from Advent on any of the requested information required to prepare the documents to effect the In-Specie Distribution.

The company makes a request to extend the voluntary suspension period to Friday, 21 February 2020 or the company releasing an announcement in respect to potential investments under its expanded investment mandate, whichever occurs earlier.

BPH advises that it intends to convert a receivable of $162,566 into 3,251,320 shares in Advent at a conversion price of $0.05 per share. Grandbridge Ltd in accordance with shareholder approval received by Advent shareholders on 29 November 2019, intends to now convert a receivable of $505,325 into 10,106,500 shares in Advent at a conversion price of $0.05 per share. The effect on the capital structure of BPH investee Advent will be to increase the number of shares on issue from 177,595,234 to 190,953,234 shares upon the completion of the conversion representing a 7.52 % dilution effect to existing Advent shareholders including MEC. As a result of these conversions BPH's direct shareholding in Advent will increase from 22.6% to 22.7%, GBA's direct shareholding in Advent will increase from 6.6% to 11.4%, and MEC's direct shareholding in Advent will fall from 53% to 49.3%.

The company lodges an Appendix 4C - quarterly.

The company has become aware of an announcement made by BPH Energy on 28 January 2020 in relation to Advent Energy, in which the company is the major shareholder holding 53% therein. BPH has informed the market that Advent has submitted to the National Offshore Petroleum Titles Administrator an application to enable the drilling of the Baleen drill target in the PEP11 permit offshore NSW. Advent, through wholly owned subsidiary, Asset Energy, holds an 85% interest and is the operator of the permit.

The company makes a request to extend the voluntary suspension period to Friday, 7 February 2020 or the company releasing an announcement in respect to potential investments under its expanded investment mandate, whichever occurs earlier.

The securities of MEC Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MMR, pending the release of an announcement.

The suspension of trading in the securities of MEC Resources Limited will be lifted immediately, following the release by MMR of an announcement regarding a settlement with BPH Energy Ltd.

The Board of MEC Resources advises that it has reached a settlement of the various legal disputes between MEC Resources and BPH Energy Limited, Grandbridge Limited, Trandcorp Pty Ltd and David Breeze. The terms of settlement are recorded in a deed of settlement, to which MEC's 53%-owned subsidiary Advent Energy Pty Ltd is also a party. The directors of MEC Resources have agreed to the settlement to resolve the continual disputes which have impeded the progress of both MEC Resources and Advent Energy over the period since November 2016, and the resultant series of expensive and value-destructive legal actions. As a result of the settlement, both companies should now be free to pursue commercial activities intended to generate value for shareholders.

The board of BPH has reached a settlement with MEC Resources Limited in relation to the oppression proceedings it commenced in the Supreme Court of Western Australia earlier this year with Grandbridge Limited, Trandcorp and Mr. David Breeze. BPH, MEC, GBA, Trandcorp and Mr. David Breeze settled a number of other proceedings and entered into a deed of settlement and release with Advent Energy and other relevant parties.

The securities of MEC Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MMR, pending the release of an announcement.

The securities of MEC Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MMR, pending the release of an announcement.

The suspension of trading in the securities of MEC Resources Limited will be lifted immediately, following the release by the Company of an announcement clarifying the independent expert's report.

The company provides further advice to ASX regarding the planned farm-out of PEP11 to RL Energy Pty Ltd. The Company holds an interest in PEP11 through 85% titleholder Asset Energy Pty Ltd, a wholly owned subsidiary of investee Advent Energy Ltd. The Company has been advised that RL Energy Pty Ltd continues to progress suitable funding arrangements for the planned future work programme, and the Company will update the market once these are finalised.

The securities of MEC Resources Limited will be suspended from quotation immediately, in accordance with Listing Rule 17.3.

The suspension of trading in the securities of MEC Resources Limited will be lifted immediately following the release of an announcement.

The company issues a replacement prospectus which replaces the offer announced on 13 April 2018.

The company provides an update on the processing of the 2D seismic data recently obtained in Petroleum Exploration Permit 11. Processing has commenced and is due to be completed within the third quarter 2018. Interpretation and integration with the existing dataset will then be undertaken. The conditional farmin agreement to PEP 11 that had been signed by Asset Energy and RL Energy provides for RL Energy to acquire 3D seismic data to meet the future 500km2 PEP11 permit work commitment acquire 3D seismic data to meet the future 500km2 PEP11 permit work commitment. Upon completion of the survey, Asset Energy will hold at least 25%, RL Energy will hold up to 60% and Bounty Oil and Gas NL will hold 15% of PEP11.

The securities of MEC Resources Limited will be suspended from quotation immediately, in accordance with Listing Rule 17.3.

The suspension of trading in the securities of MEC Resources Ltd will be lifted immediately, following receipt of an announcement by the Company.

MEC Resources Ltd is aware of recent unauthorised communication to shareholders concerning the exploration of PEP11, offshore Sydney Basin. The Company's investee Advent Energy Ltd holds an 85% interest in PEP11 through wholly owned subsidiary Asset Energy Pty Ltd. Shareholders should note that the letter was not sent by MEC.

ASX has suspended the securities of MEC Resources Limited from official quotation pursuant to Listing Rule 17.3

The suspension of trading in the securities of MEC Resources Limited will be lifted immediately, following receipt of an announcement.

The notice purporting to convene a third EGM of the company to be held on 29 June 2017 has been withdrawn by Grandbridge Limited, a company controlled by Mr. David Breeze, and his associated parties. The company also provides a response to Grandbridge Limited's announcement dated 15 May 2017.

The securities of MEC Resources Limited will be suspended from official quotation immediately in accordance with Listing Rule 17. 3, pending the release of an announcement.

the suspension of trading in the securities of the company will be lifted immediately, following receipt of an announcement about the final logging data on the New Seaclem 1 exploration well in PEP 11

the securities of the Company will be suspended from quotation immediately, at the request of the Company, pending release of an announcement in relation to New Seaclem 1, PEP 11

MEC Resources Ltd investee company Advent Energy Ltd says drilling at the New Seaclem 1 well off Australia's east coast has revealed a reservoir and sea pairs consisting of high-porosity Tertiary sandstones along with several formational and intraformational seals. Advent says a seismic line oriented south-west to north-east suggests there is significant updip structural potential which has not been tested. Further seismic data is required, and the joint venture will announce additional details in due course. Advent subsidiary Asset Energy is increasing its interest in PEP11 from 25% to 85% on completion of the New Seaclem 1 well, thereby reducing Bounty Oil & Gas's interest from 75% to 15%. Advent shareholders include MEC, BPH Energy Ltd, Grandbridge Ltd and Talbot Group Investments.