1 Sept 2026other● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2026, filed alongside the annual report. Administrative compliance form with no company-specific news.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Aug 2026annual report▼ Bad
FY26 net loss of $2,654,746 against a $207,490 profit in FY25, with revenue down 37% to $123,744. Net tangible assets are 0.47 cents per share versus 0.60. No dividend. The text provided does not explain the loss.
21 Aug 2026annual report● Neutral
Advent Energy's 30 June 2026 annual report, lodged as an investee document. The chairman's letter says the 17 June judgment upheld the refusal, an appeal is lodged, and the March 2025 renewal application is pending. Financial figures are not in the text provided.
14 July 2026regulatory community update● Neutral
Asset Energy has now lodged its notice of appeal with the Full Court, confirming the intention announced on 3 July. Timing of the hearing and decision is up to the Full Court.
3 July 2026regulatory community update● Neutral
Advent, through Asset Energy, will appeal Justice Jackson's 17 June judgment to the Full Court of the Federal Court. MEC is an investor in Advent and not a party to the proceeding.
19 June 2026regulatory community update▼ BadMajor
On 17 June 2026 the Federal Court dismissed Advent subsidiary Asset Energy's challenge, so the refusal of the PEP 11 extension applications stands. The court found a procedural fairness breach but not a material one. Appeal options are being considered; a separate renewal application remains with NOPTA.
12 June 2026regulatory community update● Neutral
The Federal Court will deliver its judgment on the PEP 11 judicial review on 17 June 2026 at 9.15am WST. This ends the wait since the February hearing; the announcement gives no indication of the outcome.
24 Feb 2026regulatory community update● Neutral
The PEP 11 judicial review was heard before Justice Jackson in Sydney on 20 and 23 February 2026. Judgment is reserved, so the outcome of the challenge to the permit refusal affecting Advent is still unknown.
18 Feb 2026half year report▼ Bad
Half-year to 31 December 2025: loss of $431,971, up 12% from $385,510. Revenue rose 124% to about $61,680. No dividend. Net tangible assets are (0.58) cents per share.
11 Feb 2026other● Neutral
Register of the new listed options ($0.03, expiring 10 February 2027): 359,162,152 on issue across 146 holders. The top 20 hold 79.1%, led by one holder with 13.9%. Administrative data only.
9 Feb 2026capital raising announcement▲ GoodMajor
The options offer closed fully subscribed on 3 February 2026, raising $359,162 for 359,162,152 options at $0.001. Shortfall options of 146,588,552 were taken up. Issue expected 10 February. Resolves the offer opened in December.
16 Jan 2026capital raising announcement● Neutral
The closing date of the options offer is extended from 20 January to 3 February 2026, with issue now planned for 10 February. No reason is given in the announcement.
24 Dec 2025capital raising announcement● Neutral
Reminder that the $0.001 options offer, to raise up to about $359,162, closes 20 January 2026. Directors Breeze and Richards committed to take up their full entitlements (8,024,224 and 6,349,229 options). Shortfall applications are allowed.
2 Dec 2025capital raising announcement● NeutralMajor
Prospectus for 359,162,152 new options at $0.001 each, to raise up to about $359,162, plus 14,373,453 options to directors. Replaces the expired MMRO options; offered to eligible holders, with funds going to working capital. A small raise, as the options are exercisable at $0.03.
27 Nov 2025other● Neutral
The Managing Director's AGM address quotes ACCC, industry and AEMO views on east coast gas shortfalls from about 2027-2028. It contains no company-specific news, results or PEP 11 developments.
27 Oct 2025security holder rights change● Neutral
373,535,605 listed MMRO options at $0.03 expire on 21 November 2025, with quotation ceasing 17 November. They are out of the money (shares were $0.005). MEC plans to seek approval on about 28 November for 1-for-1 replacement options expiring 12 months after issue.
25 Sept 2025regulatory community update▼ Bad
The PEP 11 judicial review hearing is relisted for 20 and 23 February 2026, about five months after the 16-17 September date was adjourned. A decision on the January 2025 refusal affecting MEC's 37.95% investee Advent is therefore delayed.
23 Sept 2025regulatory community update● Neutral
The Federal Court published orders and reasons for the 16 September adjournment, under which Justice Jackson will hear the PEP 11 review in NSW. The announcement adds no new outcome; the challenge to the January refusal of Advent's permit remains undecided.
16 Sept 2025price query▼ Bad
ASX queried a fall in MEC's share price from $0.007 to an intraday $0.004 on heavy volume. MEC said it knew of no unannounced information; the likely explanation was the PEP 11 Federal Court hearing, adjourned that day so Justice Jackson could hear it in NSW.
29 Aug 2025annual report▲ Good
Year to 30 June 2025: profit of $207,490 against a $492,526 loss the year before, with no revenue shown. MEC holds 37.95% of Advent (94.1M shares), a loan to Advent, and 0.125% of BPH. The reason for the swing is not in the excerpt.
29 Aug 2025annual report● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, dated 29 August 2025. Administrative, with no new substance.
25 Aug 2025annual report● Neutral
Advent Energy's annual financial report for year to 30 June 2025, filed by MEC. The excerpt opens with the chairman's letter on east coast gas shortfalls. The financial results are not shown in the text provided.
28 July 2025quarterly activities report● NeutralMajor
Quarter to 30 June 2025: MEC advanced $750,000 to Advent on 23 April 2025 under a loan of up to $1.5M, 5.1% interest, 24 months, unsecured. 99.3M officer shares vested after reinstatement. No new PEP 11 developments.
18 Mar 2025regulatory community update▲ GoodMajor
By consent orders, the Federal Court suspended the PEP 11 refusal decision until further order and set a two-day hearing for 16–17 September 2025. The permit's status is held in place meanwhile, a positive procedural step for Advent's investee.
26 Feb 2025half year report▼ Bad
Half-year to 31 December 2024: loss of $385,510, versus $148,908 a year earlier. Revenue is about $27,590. Reinstatement and the capital raise fall within the period. No dividend.
13 Feb 2025regulatory community update● Neutral
Advent's subsidiary Asset has filed in the Federal Court for judicial review of the refusal of PEP 11 extension, seeking to quash it and send the applications back for reconsideration. This follows the January refusal and is the joint venture's challenge.
24 Jan 2025capital raising announcement▼ Bad
Applications were received for only 17,958,772 shortfall shares at $0.005, with 8,979,386 free options, out of 333,411,363 shortfall shares left (about $1.67M). The shortfall offer was due to close on 25 January 2025.
20 Jan 2025regulatory community update▼ BadMajor
The Joint Authority refused the PEP 11 applications (lodged 2020 and 2021), notified 17 January 2025. The permit stays in force for two months. The joint venture, Advent 85% and Bounty 15%, is taking legal advice on review. This resolves the pending decision negatively for MEC's 37.95% investee Advent.
17 Jan 2025other● Neutral
ASX temporarily paused trading in MEC shares pending a further announcement. No reason is given in the text.
16 Jan 2025material agreement▲ GoodMajor
The 2020 settlement of writs with Advent and Asset is finalised. Shares and options issued to Advent on 21 November 2024 settled the $835,498 Advent debt in full, and Advent will withdraw the writs. This closes the long-running dispute.