MEC Resources (ASX:MMR) announcement overview

MEC Resources Limited (ASX:MMR) has highlighted the preliminary view communicated by the Hon Ed Husic MP, Minister for Industry and Science, regarding the PEP-11 Exploration Permit applications. The joint venture partners, including BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL (ASX:BUY), have been notified that the applications should be refused. Asset Energy Pty Ltd, as the operator, will be updating the market as appropriate.

Executive Commentary

Asset Energy Pty Ltd, as the operator of PEP-11, has received the preliminary view from the Hon Ed Husic MP, Minister for Industry and Science, indicating that the permit applications should be refused. We will be working closely with our legal team to assess the correspondence and provide further updates to the market as necessary.

Summary of MEC Resources (ASX:MMR) announcement

MEC Resources Limited (ASX:MMR) has notified the market about the preliminary view communicated by the Hon Ed Husic MP, Minister for Industry and Science, regarding the PEP-11 Exploration Permit applications. The joint venture partners, including BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL (ASX:BUY), have been informed of the preliminary view that the applications should be refused. Asset Energy Pty Ltd, as the operator, will be working with its legal team to assess the correspondence and provide further updates to the market. The company will continue to monitor the situation and provide relevant information to its stakeholders as it unfolds.