Since its inception in 2005, MEC Resources Limited has been dedicated to identifying and investing in companies poised to make substantial energy and mineral discoveries. By offering development and exploration funding, MEC Resources enables these companies to advance their projects towards potential listings on the Australian Securities Exchange (ASX). This strategic approach not only supports the growth of Australia's resource sector but also provides MEC's shareholders with opportunities for tax-free capital gains and dividends, courtesy of its Pooled Development Fund status.
One of MEC's notable investments is a non-controlling interest in Advent Energy Ltd, an energy exploration company with a diverse portfolio of assets across onshore and offshore Australia. Advent Energy's projects include both conventional and unconventional petroleum targets, with significant exploration permits such as PEP11 in the offshore Sydney Basin and retention license RL1 in the onshore Bonaparte Basin.