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Close of 9 Nov 2026, in AUD
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About MEC Resources
Its shares trade on ASX under the ticker MMR.AX. It has been listed since 29 May 2006. In the fiscal year to 30 June 2026, it reported revenue of A$123,744 and a net loss of A$2.7m. At that date it held total assets of A$9.4m and shareholders' equity of A$9.0m.
MEC Resources Ltd. is a pooled development fund, which engages in the investments in energy and mineral resources. The firm has a non-controlling interest in the energy explorer Advent Energy Ltd (Advent) of 38.27%. Advent holds a portfolio of near-term development and exploration assets spanning prospective acreage onshore and offshore Australia in petroleum basins. Advent asset base also incorporates both conventional and unconventional petroleum targets. Its assets include petroleum exploration permits PEP11 (85%) in the offshore Sydney Basin and retention license RL1 (100%) in the onshore Bonaparte Basin in the Northern territory. The company holds 100% of Exploration Permit EP 386, which covers the Western Australian section of the onshore Bonaparte Basin. Advent, through its subsidiary, Aotearoa Offshore Ltd NZ (AOLNZ), has the right to acquire a 30% participating interest in Petroleum Exploration Permits (PEP) 57075, 60092 and 60093 covering an area of approximately 5,180 square kilometers (kms2) in the Taranaki Basin.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 29 May 2006
- Website
- mecresources.com.au ↗
Leadership
Pay as last reported
- Mr. Robert MaruscoCompany Secretary, since 2019
- Mr. David BreezeDirector, since 2020A$115,000
- Mr. Anthony HustonAdditional Director
- Mr. Andrew JonesDirector
- Mr. Matthew BattrickNon-Executive Director
- Mr. Stephen KelemenNon-Executive Director
- Mr. Peter RichardNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MEC Resources Ltd holds a non-controlling interest in Advent Energy Ltd with 38.27%.
- Advent Energy Ltd holds exploration permits in the Sydney Basin and Bonaparte Basin.
- MEC Resources Ltd owns Exploration Permit EP 386 covering the Western Australian section of the Bonaparte Basin.
Weaknesses
- MEC Resources Ltd is a pooled development fund with no controlling interest in its investments.
- The company's assets are primarily tied to exploration permits with no mention of production or revenue.
- Advent Energy Ltd's assets include exploration permits without confirmed development status.
Opportunities
- Advent Energy Ltd has potential to acquire a 30% interest in additional exploration permits in the Taranaki Basin.
- The company could benefit from the development of near-term assets in petroleum basins.
- MEC Resources Ltd may expand its portfolio through Advent Energy Ltd's exploration activities.
Threats
- Advent Energy Ltd's exploration permits are subject to regulatory and market risks.
- The company's reliance on exploration permits without production may lead to financial instability.
- The energy sector faces volatility and regulatory challenges that could impact operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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