Common Contracts
1 similar Farmin Agreement contracts
PEP11 FARMIN AGREEMENT & NOTICE OF MEETINGFarmin Agreement • July 2nd, 2018
MEC Resources Ltd (“MEC” or the “Company”) announced on 4 May 2018 that a conditional farmin agreement to PEP 11 had been signed by Asset Energy Pty Ltd (100% owned subsidiary of Advent Energy Ltd) and RL Energy Pty Ltd (“RL Energy”). The conditional agreement between Asset Energy and RL Energy provides for RL Energy to acquire 3D seismic data to meet the future 500km2 PEP11 permit work commitment (inclusive of acquisition, processing and interpretation), by carrying Asset Energy’s participating interest share of these costs up to a capped amount of $4 million.
