MEC Resources Limited (ASX:MMR) Releases New Seaclem-1 Progress Report No.1

MEC Resources Limited (ASX:MMR) Releases New Seaclem-1 Progress Report No.1

Perth, Dec 9, 2010 AEST (ABN Newswire) - MEC Resources Limited (

ASX:MMR) investee company Advent Energy Ltd (Advent) has advised that it (through wholly owned subsidiary Asset Energy Pty Ltd) has taken operational control of the Ocean Patriot semi-submersible drilling rig overnight.

The Ocean Patriot is currently under tow from its previous location in the Gippsland Basin offshore Victoria towards the New Seaclem-1 drilling site, located 55 km due east of Newcastle, NSW.

The tow to the New Seaclem-1 location, 55 km due east of Newcastle, will take approximately four days. Upon arriving at location, the rig's anchors will be run before the rig ballasts down.

New Seaclem-1 is anticipated to spud late Tuesday 14th December.

Further details and updates on the schedule and activities will be announced in due course.

--------------------------------------------------------------PEP11 Participants 				 Equity--------------------------------------------------------------Asset Energy Pty Ltd*				 25%*      A wholly owned subsidiary of Advent       (Major shareholders of Advent include:      MEC Resources, BPH Energy (ASX:BPH),       Grandbridge (ASX:GBA)      and Talbot Group Investments)--------------------------------------------------------------Bounty Oil & Gas (ASX:BUY) 			 75%#--------------------------------------------------------------

(*) Asset Energy is Operator for the Joint
(#) Asset Energy is increasing its interest in PEP11 to 85%
on completion of the New Seaclem-1 well.
Bounty Oil & Gas will thereby reduce to 15%.

About MEC Resources Limited

MEC Resources (ASX:MMR) aims to achieve maximum capital appreciation by early stage investing into small and medium-sized energy and minerals exploration companies with strong growth potential and a well-defined exit strategy, such as an initial public offering or acquisition.