Slide 1: Extraordinary General Meeting Chairman's Address and Presentation
For personal use only 16 February, 2017 Australian Securities Exchange 10TH Floor, 20 Bridge Street SYDNEY NSW 2000 via e-lodgement Dear Sir/Madam EXTRAORDINARY GENERAL MEETING CHAIRMAN’S ADDRESS AND PRESENTATION MEC Resources Ltd (ACN 113 900 020) (Company) (ASX: MMR) is pleased to provide a copy o
Slide 2: Extraordinary General Meeting Chairman's Address
For personal use only EXTRAORDINARY GENERAL MEETING CHAIRMAN’S ADDRESS “Ladies and gentlemen, Welcome to the first Extraordinary General Meeting in MEC's history. My name is Hock Goh and I am the Chairman of MEC. At the outset, I would like to note that, given the sensitive nature of the circumstanc
Slide 3: Chairman's Address: Strategic Review of PEP11 and Bonaparte assets
excellent and appropriately qualified independent perspective upon which the Company can consider the future of its assets. For personal use only I will now pass over to Mr Battrick to give you a progress report. The strategic review demonstrated that the PEP11 asset, whilst located supremely immedi
Slide 4: Chairman's Address: Board Fees and Concerns on Nominees
been severed, thus saving your company a significant amount of valuable cash resources over the last 3 months. For personal use only Further, I would like to also again confirm that no Board members other than Mr Breeze have taken any board fees over the last three years. These were being accrued to
Slide 5: Chairman's Address: Recommendation to Vote Against
to get voting support for the resolutions he’s proposed. I thank you all for bringing these to our notice. For personal use only Upon being terminated as the Managing Director of your Company, Mr Breeze (and his associated companies Trandcorp and GBA) was obliged to deliver up all Company property a
Slide 6: MEC Resources Ltd Extraordinary General Meeting February 2017
For personal use only MEC RESOURCES LTD (ASX: MMR) EXTRAORDINARY GENERAL MEETING 16 FEBRUARY 2017
Slide 7: Corporate Snapshot
CORPORATE SNAPSHOT As of 14 February 2017 Pooled Development Fund For personal use only Capital Structure (1 of 6 ASX listed PDFs) Shares (ASX: MMR) - 200.0M Share Price - $0.027 - Capital gains tax free Market Cap - $5.4M investing and dividends for most shareholders 44.29% - 15% Company tax rate S
Slide 8: MMR Share Price over the last years
MMR Share Price over the last 10 years For personal use only
Slide 9: BPH Share Price over the last years
BPH Share Price over the last 10 years For personal use only
Slide 10: Strategic Summary: Parallel Pathways To Success
Strategic Summary: Parallel Pathways To Success Matthew Battrick EP386/RL1 onshore Bonaparte Basin (Advent 100%WI) For personal use only Intervene in existing well bores to deliver commercially viable gas production: Secure development title to all discoveries and upside exploration potential.
Slide 11: Key Next Steps: Activities and Estimated Cost
Key Next Steps: Activities and Estimated Cost Matthew Battrick For personal use only EP386/RL1 onshore Bonaparte Basin (Advent 100%WI) Wellbore Intervention and Stimulation Program: A$0.5 million title administration and design/planning/approval process. A$2.0 million for contiguous 3-well int
Slide 12: Results of Voting as of 2PM Tuesday 14th February
Results of Voting as of 2PM Tuesday 14th February For personal use only Resolution Total # Holders # Holders Total Votes FOR # Holders Total Votes AGAINST # Holders Total Votes ABSTAINED ABSTAINED Total# Open & Usable at direction of CHAIR Open & Usable at Total Valid Votes received with Voting voti
Slide 13: Recommended Voting
Recommended Voting For personal use only Section in Resolution Recommended NOM Vote Section 4 Resolution 1 – Appointment of Mr Thomas Fontaine as a Director AGAINST The Board considers that Mr Fontaine’s association with investee company BPH Energy makes him non-independent. Section 5 Resolution 2 –