MEC Resources Limited (ASX:MMR)

Investing in exploration companies to unlock Australia's energy and mineral potential.

About Us

MEC Resources Limited offers investors a unique opportunity to participate in the growth of exploration companies within Australia's energy and mineral sectors. Through its status as a Pooled Development Fund, the company provides tax-efficient investment structures, aiming to generate significant returns by funding projects with high discovery potential.

Company Overview

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.

Board & Management

David Breeze

David Breeze

Managing Director

Mr Breeze is a Corporate Finance Specialist with extensive experience in the stockbroking industry and capital markets. He has been a corporate consultant to Daiwa Securities and held executive and director positions in the stockbroking industry. Mr Breeze has a Bachelor of Economics and a Master of Business Administration and is a Fellow of the Institute of Company Directors of Australia.

He has been published in the Journal of Securities Institute of Australia and has also acted as an Independent Expert under the Corporations Act. He has worked on the structuring, capital raising and public listing of over 70 companies involving in excess of $300m. These capital raisings covered a diverse range of areas including oil and gas, gold, food, manufacturing and technology. Mr Breeze was a founding Director of MEC Resources Ltd.

Andrew Jones

Andrew Jones

Non-Executive Director

Andrew is an experienced Corporate Advisor with over 18 years of working in the financial services industry within stockbroking and capital firms. Skilled in Mergers and Acquisitions, Corporate Finance, Investor Relations, Corporate Communications, and Business Development, Andrew studied Commerce from Curtin University and also holds a Diploma in Financial Services from Finsia.

Andrew primarily deals with ASX resources companies and is focused on, not only providing access to a wide range of capital markets, including equity and debt, but also the framework to facilitate the next phase of a company’s growth. Andrew has also worked with various private companies, structuring their business to help them set up for an ASX listing whether that is through a reverse takeover or new IPO listing.

Anthony Huston

Anthony Huston

Non-Executive Director

Mr Huston has been involved in the engineering and hydrocarbon industries for over 40 years, both on and offshore exploration/development. His early career experience commenced with Fitzroy Engineering Ltd, primarily working on the development of onshore oil fields. During the 1990s Mr Huston managed JFP NZ International, a Texas-based exploration company that included a Jack Up rig operating in NZ waters.

In 1994, Mr Huston oversaw the environmental consent process required to drill a near inshore well that was drilled from “land” into the offshore basin during 1995.

In 1996, Mr Huston formed his own E&P Company to focus on re-entry of onshore wells, primarily targeting shallow pay that had been passed or ignored from previous operations. This was successful and the two plays opened 20 years ago are still in operation. Recent focus (12 years) has been to utilise new technology for enhanced resource recovery and has been demonstrated in various fields, including the US, Mexico, Oman, Italy and Turkmenistan.

Peter Richards

Peter Richards

Non-Executive Director

Peter has acted as a public company director in the financial services sector and has extensive experience in the finance and investment industries while also having an in depth knowledge of regulatory compliance. He has been a nominated Responsible Person on a number of Australian Financial Services Licences. His history includes being retained by the ASIC as a consultant on financial services industry regulatory compliance standards and he has acted for the ASIC as an expert witness. His related entity investment interests have been listed in the top twenty investors for multiple ASX listed companies and manages his own investment interests.

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