Ann: PEP 11 - New Seaclem 1 Update , page-12

Leferve - just copying and pasting from the prospectus:

The purpose of the Offer is to raise approximately $6,017,881(before expenses of the Offer). The funds raised from the Offer will be used to fund:
(a) further investment in the Company‟s unlisted subsidiary, Advent Energy, increasing the Company‟s ownership interest to 52.73% and allowing:
(i) the drilling of PEP 11, offshore NSW; and
(ii) further development of Advent Energy‟s portfolio of petroleum exploration permits;

So I think MMR are contributing a similar amount to retain and increase their ownership of Advent.

Also don't forget that MMR own 25% of BPH, and therefore a more indirect portion of Advent as well. That would be 25% of 27.7% of Advent - so 6.93%.