MEC Resources Ltd (AU:MMR) has released an update.
MEC Resources Ltd’s investee company, Advent Energy Ltd, led by the PEP 11 Joint Venture, is taking legal action to prompt a decision from the Commonwealth-New South Wales Offshore Petroleum Joint Authority regarding two pending applications. The Federal Court is being asked to mandate a decision within 45 days on applications relating to the PEP 11 Permit that have been under consideration for over four years. The applications, necessary for further exploration well drilling, have been delayed despite Federal Court concerns of bias in previous decision-making.
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