MEC Resources Ltd
MEC Resources Limited is an Australia-based company.
The business
MEC Resources Limited is an Australia-based company. The Company invests in a variety of industries including companies that are targeting potentially large energy and mineral resources projects. It holds investments in two principal industries, namely neurotechnology, and oil, gas and hydrocarbon exploration and development. It has a non-controlling interest in the energy explorer Advent Energy Ltd (Advent) of 38.27%. Advent is an oil and gas exploration and development company with onshore and offshore exploration and near-term development assets around Australia and overseas. 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 also holds a 0.125% interest in BPH Energy Ltd (BPH). BPH is a diversified investment holding company with investments in resources, medical and renewable hydrogen technology.
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Latest news
BPH Energy’s investee Advent anticipates imminent permit approvals for Baleen gas target
After emerging from a self-imposed trading suspension BPH Energy (ASX: BPH) revealed its investee Advent Energy’s drilling application for PEP11 in offshore New South Wales has undergone NOPTA assessment with a final decision and anticipated approvals imminent on the application made to NOPTA as announced to ASX in Feb this year. BPH Energy owns almost […]
ASX-listed pooled development funds offer investors tax benefits
Astute investors weigh up the pros and cons before putting their hard earned money behind a company, and what appeals to people who invest in pooled development funds (PDFs) is the availability of generous tax concessions. PDFs raise capital and make equity investments in small and medium-sized (SMEs) enterprises after complying with a structure established […]
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