MEC Resources Ltd (ASX: MMR) Share Price and News

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MEC Resources Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $2.74 million
P/E Ratio N/A
Dividend Yield 0.00%
Shares Outstanding 684.45 million
Earnings per share -0.002
Dividend per share N/A
Year To Date Return N/A
Earnings Yield N/A
Franking -
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as at 24 Feb 3:44pm

  • MEC Resources Ltd (ASX: MMR)
    Latest News

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    6 listed funds with tax free capital gains and dividends

    Pooled Development Funds offer attractive tax treatment but come with high risk.

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    MMR ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About MEC Resources Ltd

    MEC Resources Ltd through its subsidiaries is engaged in the exploration and development of oil and gas properties in Australia. The company holds interests in the EP386 and RL1 assets located in the onshore Bonaparte Basin in the north ofWestern Australia and Northern Territory; and PEP11 asset located in the offshore Sydney Basin.

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    07 Jul 2023 Anthony (Tony) Huston Issued 13,736,648 $54,946
    Director remuneration. As per announcement on 12-07-2023
    07 Jul 2023 Steven(Steve) James Issued 2,083,333 $8,333
    Director remuneration.
    07 Jul 2023 Andrew Jones Issued 15,727,557 $62,910
    Director remuneration.
    07 Jul 2023 David Breeze Issued 65,780,777 $263,123
    Director remuneration. As per announcement on 12-07-2023

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Steven(Steve) Craig James Non-Executive Director Mar 2022
    Mr James has over 30 years of experience in the financial services industry having worked for Australia's banks as well as European and American institutions. Steve has knowledge across foreign exchange trading, financial planning, capital raisings and stockbroking where he was involved in developing Australia's wholesale broking business. Steve is a company director across both listed and unlisted entities in diverse operations from sporting bodies, financial services organizations and the property industry.
    Mr David Leslie Breeze Managing Director Oct 2020
    Mr Breeze is a Corporate Finance Specialist with experience in the stock broking industry and capital markets. He has been a corporate consultant to Daiwa Securities; and held executive and director positions in the stock broking industry. He has published in the Journal of Securities Institute of Australia and has also acted as an Independent Expert under the Corporations Act. He has worked on the structuring, capital raising and public listing of over 70 companies involving more than $250m. These capital raisings covered a diverse range of areas including oil and gas, gold, food, manufacturing, and technology.
    Mr Andrew Thomas Jones Non-Executive Director Sep 2020
    Mr Jones has over 14 years of experience in financial markets and is an established Corporate Advisor with a demonstrated history of working within the finance industry. He has worked with various stockbroking and capital firms in Perth providing corporate advice to ASX companies. Andrew is skilled in mergers and acquisitions, corporate finance, investor relations and corporate communications. Andrew was awarded the Best Corporate Advisor in 2016 from Acquisition International for leading the Aziana Ltd/BrainChip Inc. merger through to a listing in September 2015. Andrew secured their initial funding and then secured Aziana as the acquisition company to complete a re listing on the ASX.
    Mr Robert Marusco Company Secretary Sep 2019
    Mr Marusco has over 30 years of experience specialising in financial reporting, taxation law, corporate law and financial strategy. Furthermore, Mr Marusco has experience and competence in equity capital markets, debt advisory and importantly operational knowledge in relation to capital raising support and facilitation, corporate management including secretarial, governance and compliance dealing with the ASX, ASIC and other authorities for both ASX listed public and private corporations. Mr Marusco has previously fulfilled board roles for a number of ASX listed public and private companies as non-executive director and company secretary along with compliance committee positions.
    Mr Anthony (Tony) Huston Non-Executive Director Oct 2020
    Mr Huston has been involved for over 40 years in engineering and hydrocarbon industries for both on and offshore exploration/development. Early career experience commenced with Fitzroy Engineering, primarily working on development of onshore oil fields. During the 1990's Tony managed JFP NZ International, a Texas based exploration company that included a jack up rig operating in NZ waters. In 1994 Tony oversaw the environmental consent process required to drill a near inshore well that was drilled from land into the offshore basin during 1995. In 1996 Tony formed his own E&P Company to focus re-entry of onshore wells, primarily targeting pay that had been passed or ignored from previous operations. This was effective and the two plays opened 20 years ago are still in operation.
    Mr Stephen Gyula Kelemen Non-Executive Director Feb 2018
    --
    Mr Tom Fontaine Non-Executive Director Aug 2019
    Mr Fontaine is a reservoir engineer with over 25 years of experience in project evaluation management, development and capital raising. Tom has been part owner of petroleum engineering companies Epic Consulting in Canada and Focal Petroleum in Australia and has provided technical services to many companies worldwide. He is also primarily responsible for the startup and subsequent listing on ASX of Bounty Oil & Gas NL in 2002, and Coal Bed Methane Company Pure Energy Resources Pty Ltd in 2006 which was acquired in 2009 by BG Group Plc in a $1 billion takeover. Tom is also currently involved with several small exploration companies in Canada, Russia, Cuba, Nepal, Timor Leste and Africa. During the last 3 years Tom has been a director of ASX listed company Kinetiko (ASX:KKO

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Advent Energy Ltd 124,708,409 14.09%
    Protax Nominees Pty Ltd <Richards Superfund A/C> 29,562,094 3.34%
    Sandwich Holdings Pty Ltd 26,250,000 2.97%
    Marusco Investments Pty Ltd <Marusco S/F A/C> 25,396,100 2.87%
    Ms Louise Ann Jones 22,000,000 2.48%
    HSBC Custody Nominees (Australia) Limited 20,875,450 2.36%
    Bujo Pty Ltd 20,000,000 2.26%
    Eastwood Financial & Investment Services Pty Ltd <G & E Super Fund A/C> 16,400,742 1.85%
    Hera Investments Pty Ltd 14,218,096 1.60%
    Citicorp Nominees Pty Limited 14,125,104 1.59%
    Mr Andrew Stephen Evans 13,841,685 1.56%
    Mrs Julie Pamela Verley 12,396,100 1.40%
    Mr Robert Anthony Healy 11,868,108 1.34%
    Mr Mark Jerome Fenton 10,841,686 1.22%
    Griffiths Sf Pty Ltd <Griffiths Super Fund A/C> 10,000,000 1.13%
    Mr Bilal Ahmad 9,488,636 1.07%
    Mr Sufian Ahmad <Sixty Two Capital A/C> 9,488,636 1.07%
    Mr Ross Coventry Barter 9,353,328 1.06%
    Mr Edward Yi 8,840,015 0.99%
    Mr Michael John Sandy 8,800,000 0.99%

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