Grandbridge Limited

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce progress report on the New Seaclem 1 well in PEP 11, offshore NSW on behalf of the joint venture.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce progress report on the New Seaclem 1 well in PEP 11.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that the "Ocean Patriot" semi submersible drill rig has been positioned at the New Seaclem 1 location, fixed with 8 anchors and has ballasted down. All operations have proceeded smoothly aided by calm seas.

MEC Resources Limited (ASX:MMR) investee company Advent Energy Ltd has advised on the current progress of the drilling activity at New Seaclem-1.

MEC Resources Limited (ASX:MMR) is pleased to advise that investee company Advent Energy Limited (Advent) has received approval from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities (DSEWPC) for the drilling of New Seaclem-1, offshore Newcastle, NSW.

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.

MEC Resources Limited (ASX:MMR) has been advised by its investee company Advent Energy Limited (Advent Energy) that it has received updated advice as to operational handover of the Ocean Patriot semisubmersible drilling rig.

Bounty Oil & Gas NL (ASX:BUY) is pleased to update progress on timing for the New Seaclem 1 well in PEP 11, offshore Sydney Basin.

MEC Resources (ASX:MMR) is pleased to announce that it has been informed by its investee company Advent Energy Ltd, that it has received a provisional date of Tuesday 7 December 2010 for the commencement of the operational handover of the Ocean Patriot Drilling semi-submersible rig for drilling the PEP11 project offshore Sydney.

MEC Resources (ASX:MMR) is pleased to announce that second independent report finds PEP11 New Seaclem-1 Well Gas "Highly Likely" MEC investee company, Advent Energy Ltd ("Advent") is pleased to advise that it has received and reviewed a report from global geoscientific and environmental consultants RPS Group (RPS) describing gas as "highly likely "at the target drilling depths for the New Seaclem-1 Well.