MEC Resources Ltd
AASX:MMR0.00
AUD
0.00
(0.00%)
ISIN
AU000000MMR7
Return %
Stock
S&P 500
1Y
-60.00
14.20
3Y
-50.00
81.12
5Y
-50.00
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
•
in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- David Leslie Breeze
- Full Time Employees
- - -
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 9 Bowman Street South Perth WA Australia 6151
- IPO Date
- Dec 21, 2005
- Website
- mecresources.com.au
- Similar Companies
- Business
- MEC Resources Limited (ASX:MMR) is an Australia-based pooled development fund that invests in exploration companies targeting large energy and mineral discoveries, providing development and exploration funding to advance projects toward listing on the Australian Securities Exchange. The company offers shareholders tax-free dividends and capital gains on share sales due to its registration as a Pooled Development Fund by the Australian Federal Government; its primary investment is a non-controlling 38.27% interest in Advent Energy Ltd, which holds onshore and offshore petroleum exploration assets including Petroleum Exploration Permit PEP11 (85%) in the offshore Sydney Basin and Retention Licence RL1 (100%) in the onshore Bonaparte Basin, Northern Territory, encompassing conventional and unconventional targets. Founded in 2005 and headquartered in South Perth, Western Australia, MEC Resources operates principally in Australia with a focus on the energy and mineral resources sectors. Recent developments include the completion of a non-renounceable entitlement offer in October 2024 raising approximately A$2.65 million before costs, supported by existing shareholders and shortfall placement by Sixty-Two Capital Pty Ltd; subsequent reinstatement to ASX quotation on November 29, 2024 following pre-reinstatement disclosures; a placement of up to 359 million new options at A$0.001 each announced in December 2025 to raise A$359,162; advancements of A$500,000 to Advent Energy; and ongoing updates related to PEP11 judicial review proceedings and settlements in federal court as of early 2025.