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How Will MEC Resources Navigate Advent Energy’s Legal Hurdles and New Capital?
4:30am on Saturday 30th of August, 2025 AEST
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Energy
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How Will MEC Resources Navigate Advent Energy’s Legal Hurdles and New Capital?
4:30am on Saturday 30th of August, 2025 AEST
Key Points
Net profit of $207,490 for FY2025, reversing prior year loss
Raised $2.6 million from non-renounceable entitlement offer
Holds 37.95% stake and $4.92 million loan in Advent Energy Ltd
Advent Energy’s PEP-11 offshore Sydney Basin permit under Federal Court judicial review
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