MEC Resources has advised that investee company Advent Resources is preparing to commence operations at PEP 11 offshore Sydney Basin following a successful drill test.
The drilling exposed direct hydrocarbon indicators (DHI) on seismic line B4-15 along the main structural trend and adjacent to the previously identified Baleen Prospect. They include high amplitude bright spot reflections, attenuation of high frequencies in instantaneous frequency plots, and bright spot features in Root Mean Squared amplitude plots.
The group has also received a report from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) which provides independent reporting of DHI showing on seismic data in PEP 11.
Advent Energy is currently in advanced negotiations to secure a drilling rig and has lodged environmental applications for drilling in preparation for a drill test which is expected for the first half of the calendar year 2010.
The companies say these anomalous features are considered prime indicators for the occurrence of hydrocarbons and Advent believes that these DHI are highly encouraging for the prospectivity of PEP11 in the offshore Sydney Basin.
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