MEC Resources Ltd (AU:MMR) has released an update.
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MEC Resources Ltd reports on its 37.95% stake in unlisted energy explorer Advent Energy Ltd, focusing on the shift from hydrocarbons to hydrogen and the importance of CO2-free energy sources. The company is actively involved with Advent’s PEP11 Joint Venture, seeking regulatory approvals to address Australia’s impending gas supply shortfall and support the clean energy transition. MEC is positioning itself to drill the Seablue-1 exploration well, pending licence variation and environmental approvals.
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