Continental Energy Company News

Recent Articles

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Oil Billionaire Hamm Sold Superior Energy Stake Citing Weak Returns
Harold Hamm recently sold his remaining stake in Superior Energy Services saying the stock wasn't providing the financial returns he'd hoped for, he told a court during his divorce trial.
8:00 PM EST | August 10, 2014
Continental Acquires Majority Stake in Visionaire Energy
Continental acquires a shareholding stake in Visionaire Energy AS.
8:00 PM EST | June 11, 2013
Continental Energy Concludes Seismic Acquisition at Indonesia Block
Continental Energy announced the hard fought completion of 3D seismic acquisition and processing operations on its Bengara-II Block, Indonesia.
8:00 PM EST | September 27, 2011
Continental Reports Bengara-II Seismic Progress
Continental Energy Corp. on Thursday issued an update on the progress on seismic acquisition underway in its Bengara-II Block, East Kalimantan, Indonesia.
7:00 PM EST | January 14, 2010
Continental Energy Appoints New CFO
Continental Energy has appointed Mr. Robert Rudman as its acting Chief Financial Officer.
8:00 PM EST | September 20, 2009
CGB2 Awards Bengara-II Block Seismic Contract in Indonesia
CGB2 awarded a contract to a local seismic acquisition contractor to conduct a seismic acquisition program in the Bengara-II Block located on the island of Borneo in East Kalimantan, Indonesia.
8:00 PM EST | June 01, 2009
Continental Energy Names New President, COO
Continental Energy announced that Andrew T. Eriksson has been named President and COO of the Company.
8:00 PM EST | May 21, 2009
Continental Energy Nixes Onshore Tungkal Acquisition Agreement
Continental Energy has terminated its agreement with Ernst & Young for the acquisition of a 30% interest in the Tungkal PSC onshore Sumatra, Indonesia.
8:00 PM EST | April 12, 2009
Continental Gets Go-Ahead to Appraise Indonesian Block through 2011
Continental Energy has received approval from the Indonesian government for an extension of additional time under the Bengara-II PSC until December 4, 2011.
8:00 PM EST | March 30, 2009
Continental Snags Interest in South Bengara-II Block Onshore Indonesia
Continental Energy has acquired an interest in a new production sharing contract in Indonesia.
7:00 PM EST | November 12, 2008
Continental Gets Go-Ahead to Close Tungkal PSC Acquisition
Continental Energy received court approval to conclude and close its acquisition of a 30% participating interest in the Tungkal PSC.
8:00 PM EST | October 26, 2008
Continental Energy to Purchase 30% Interest in PSC Onshore Indonesia
Continental Energy entered into an agreement to purchase a 30 percent working interest in the Tungkal Production Sharing Contract, located onshore in Sumatra, Indonesia. The Company will pay a total consideration of $27,320,000.
8:00 PM EST | August 05, 2008
Continental Energy Names New Chief Geophysicist
Continental Energy Corporation has named Robert J. Paul to the post of Chief Geophysicist for the company.
8:00 PM EST | March 18, 2008
Continental Plans 3D Seismic for Bengara-II
Data gathered to date is not yet adequate to conclusively demonstrate the extent of the oil accumulation or that it has sufficient size of oil reserves to economically justify a full commercial development.
7:00 PM EST | December 12, 2007
Continental Energy Drilling a Success in Indonesia
Continental Energy Corporation's Indonesian subsidiary Continental-GeoPetro has completed its 2007 drilling program in the Bengara-II block in East Kalimantan, Indonesia.
7:00 PM EST | December 11, 2007
GeoPetro Starts Fourth Well in Bengara-II
GeoPetro commenced drilling the Punga #1 exploration well in Indonesia.
8:00 PM EST | October 14, 2007
Continental Energy Spuds Second Seberaba Appraisal Well
Continental Energy says that its 18% owned Indonesian subsidiary Continental-GeoPetro (Bengara-II) Ltd. has spudded the Seberaba-3 appraisal well.
8:00 PM EST | September 24, 2007
Continental Energy Appoints New Director
Continental Energy has appointed Phillip B. Garrison to the board of directors to fill a vacancy until the next AGM.
8:00 PM EST | September 24, 2007
Continental Closes First Institutional Placement
Continental Energy has closed a private equity placement with Macquarie Bank.
8:00 PM EST | August 29, 2007
Third Rig Tendered for Bengara-II Drilling Program
Continental Energy has called for tenders for a third drilling rig to provide turn-key, integrated drilling services to drill wells on the Bengara-II PSC, onshore East Kalimantan, Indonesia.
8:00 PM EST | July 24, 2007
Goldman Sachs Recognizes Potential of Bengara II Project
Goldman Sachs recognizes the potential impact that the Bengara II project could have on one of Continental Energy's largest partners, CNPC (Hong Kong).
8:00 PM EST | July 15, 2007
Indo Sichuan Wins Second Bengara-II Drilling Contract
Continental Energy Corp. states that its 18% owned Indonesian subsidiary Continental-GeoPetro has awarded a second, turn-key, integrated drilling service contract to drill wells planned for 2007, onshore East Kalimantan, Indonesia.
8:00 PM EST | June 27, 2007
Continental Encouraged by Seberaba-1 Wildcat Drilling
Continental Energy Corp. on Wednesday issued an update on the progress of the drilling of its Seberaba-1 exploration well in the Bengara-II Block onshore East Kalimantan, Indonesia.
8:00 PM EST | June 13, 2007
CGB2 Kicks Off Bengara-II Campaign
Continental-GeoPetro (Bengara-II) Ltd. (CGB2), has spudded the first well of its four-well exploration drilling campaign planned for this year in the Bengara-II Block, onshore East Kalimantan, Indonesia.
8:00 PM EST | April 26, 2007
Second Rig Tendered for Begara-II
Continental-GeoPetro (Bengara-II) Ltd. (CGB2) has called for tenders to provide a second drilling rig to drill the third and fourth wells of the four planned wildcat exploration wells for this year on the Bengara-II PSC, onshore East Kalimantan.
8:00 PM EST | April 19, 2007
Continental: Rig Arrives in Bengara-II
Continental Energy Corp. on Friday said that the drilling rig contracted to drill in its Bengara-II Block has arrived at the NE Kalimantan staging area.
7:00 PM EST | March 08, 2007
Continental Energy: Rig En Route to Bengara-II
Continental Energy Corporation said that the drilling rig contracted to drill in the Bengara-II Block has been mobilized and is underway from Jakarta to the NE Kalimantan drill site.
7:00 PM EST | February 22, 2007
Continental Energy: Bengara-II Contract Awarded
Continental Energy Corporation said that its 18% owned Indonesian subsidiary Continental-GeoPetro (Bengara-II) Ltd. (CGB2) has awarded a turn-key, integrated drilling services contract to drill and test Seberaba-1.
7:00 PM EST | January 18, 2007
Continental Energy Calls for Tenders on Bengara-II Drilling Program
Continental Energy has called for tenders to provide turn-key, integrated drilling services to drill the first of four planned exploration wells on the Bengara-II PSC, onshore East Kalimantan, Indonesia.
7:00 PM EST | November 30, 2006
Continental Energy's 2006-07 Bengara-II Drilling Program Fully Funded
Continental Energy says that CNPCHK (Indonesia) Limited, has funded CNPC's earning obligation in accordance with provisions of the recent sale of interest by the Company in its Continental-GeoPetro (Bengara-II) Ltd. subsidiary to CNPC.
8:00 PM EST | October 11, 2006
Continental Energy and CNPC Hong Kong Sign Bengara-II Deal
Continental Energy has signed definitive agreements closing its sale of 70% of its shareholding in its Continental-GeoPetro (Bengara-II) Ltd. subsidiary and its Bengara-II Production Sharing Contract to CNPC.
8:00 PM EST | October 02, 2006
Continental Continues Due Diligence for CNPC-HK Deal
Continental Energy Corp. said that it is continuing with the due diligence phase of its announced deal with CNPC (Hong Kong) Ltd. (CNPC-HK) and now expects the deal to close during August.
8:00 PM EST | August 01, 2006
Continental, GeoPetro Sign LOI for Indonesian Farm Out
Continental Energy Corp. along with its joint venture partner GeoPetro Resources Co., has entered into a letter of intent (LOI) with CNPC (Hong Kong) Limited (CNPC-HK) to farm-out a 70% stake in its subsidiary and Bengara-II PSC in Indonesia.
8:00 PM EST | July 11, 2006
Continental Energy Forms Texas Subsidiary for US Operations
Continental Energy has formed TXX Energy Corporation (TXX) to pursue oil and gas exploration and production projects and obtain new exploration leases in the USA.
8:00 PM EST | April 26, 2006
Continental Energy Reports Earnings
Continental Energy Corporation reports that it had earnings of $3,451,135, or $0.05 per share (fully diluted) for the first quarter ended October 31, 2005 of its 2006 fiscal year ending July 31, 2006.
7:00 PM EST | January 03, 2006
Continental Energy Forms New Ventures Exploration Company
Continental Energy says that Continental and its partner, GeoPetro Resources Company, have formed CG Xploration Inc. to pursue new venture oil and gas exploration and production projects and obtain new exploration concessions in Indonesia.
7:00 PM EST | November 29, 2005
Continental Energy Sells Yapen Interest
Continental Energy and GeoPetro Resources Company have sold their interest in the Yapen Production Sharing Contract in West Papua, Indonesia, to Nations Energy Company.
8:00 PM EST | October 26, 2005
Continental Commissions Feasibility Study for Makapan Field
Continental Energy has commissioned a group of independent geologists and engineers from the LAPI Institute to prepare a Feasibility Study, Conceptual Design and Preliminary Plan of Development for its Makapan Gas Field, located within the Bengara-II Block, East Kalimantan, Indonesia.
8:00 PM EST | May 03, 2005
Continental's Bengara-II Block Outside Disputed Area
Continental Energy says that its Bengara-II Block production contract area is not within the area which has recently become the subject of a territorial boundary dispute between Indonesia and Malaysia.
7:00 PM EST | March 29, 2005
Medco Farms Out Stake in Yapen Block Offshore Indonesia
Continental's partner company in its Yapen Block production sharing contract area offshore Papua, Indonesia, Medco E&P (Yapen) Ltd. is farming out 75% of its Yapen Block interest to Maraja (Yapen) Energy Ltd.
8:00 PM EST | July 20, 2004