Continental Energy Company News

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Oil Billionaire Hamm Sold Superior Energy Stake Citing Weak Returns
Monday, August 11, 2014Harold 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.

Continental Acquires Majority Stake in Visionaire Energy
Wednesday, June 12, 2013Continental acquires a shareholding stake in Visionaire Energy AS.

Continental Energy Concludes Seismic Acquisition at Indonesia Block
Wednesday, September 28, 2011Continental Energy announced the hard fought completion of 3D seismic acquisition and processing operations on its Bengara-II Block, Indonesia.

Continental Reports Bengara-II Seismic Progress
Friday, January 15, 2010Continental Energy Corp. on Thursday issued an update on the progress on seismic acquisition underway in its Bengara-II Block, East Kalimantan, Indonesia.

Continental Energy Appoints New CFO
Monday, September 21, 2009Continental Energy has appointed Mr. Robert Rudman as its acting Chief Financial Officer.

CGB2 Awards Bengara-II Block Seismic Contract in Indonesia
Tuesday, June 02, 2009CGB2 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.

Continental Energy Names New President, COO
Friday, May 22, 2009Continental Energy announced that Andrew T. Eriksson has been named President and COO of the Company.

Continental Energy Nixes Onshore Tungkal Acquisition Agreement
Monday, April 13, 2009Continental Energy has terminated its agreement with Ernst & Young for the acquisition of a 30% interest in the Tungkal PSC onshore Sumatra, Indonesia.

Continental Gets Go-Ahead to Appraise Indonesian Block through 2011
Tuesday, March 31, 2009Continental Energy has received approval from the Indonesian government for an extension of additional time under the Bengara-II PSC until December 4, 2011.

Continental Snags Interest in South Bengara-II Block Onshore Indonesia
Thursday, November 13, 2008Continental Energy has acquired an interest in a new production sharing contract in Indonesia.

Continental Gets Go-Ahead to Close Tungkal PSC Acquisition
Monday, October 27, 2008Continental Energy received court approval to conclude and close its acquisition of a 30% participating interest in the Tungkal PSC.

Continental Energy to Purchase 30% Interest in PSC Onshore Indonesia
Wednesday, August 06, 2008Continental 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.

Continental Energy Names New Chief Geophysicist
Wednesday, March 19, 2008Continental Energy Corporation has named Robert J. Paul to the post of Chief Geophysicist for the company.

Continental Plans 3D Seismic for Bengara-II
Thursday, December 13, 2007Data 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.

Continental Energy Drilling a Success in Indonesia
Wednesday, December 12, 2007Continental Energy Corporation's Indonesian subsidiary Continental-GeoPetro has completed its 2007 drilling program in the Bengara-II block in East Kalimantan, Indonesia.

GeoPetro Starts Fourth Well in Bengara-II
Monday, October 15, 2007GeoPetro commenced drilling the Punga #1 exploration well in Indonesia.

Continental Energy Spuds Second Seberaba Appraisal Well
Tuesday, September 25, 2007Continental Energy says that its 18% owned Indonesian subsidiary Continental-GeoPetro (Bengara-II) Ltd. has spudded the Seberaba-3 appraisal well.

Continental Energy Appoints New Director
Tuesday, September 25, 2007Continental Energy has appointed Phillip B. Garrison to the board of directors to fill a vacancy until the next AGM.

Continental Closes First Institutional Placement
Thursday, August 30, 2007Continental Energy has closed a private equity placement with Macquarie Bank.

Third Rig Tendered for Bengara-II Drilling Program
Wednesday, July 25, 2007Continental 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.

Goldman Sachs Recognizes Potential of Bengara II Project
Monday, July 16, 2007Goldman Sachs recognizes the potential impact that the Bengara II project could have on one of Continental Energy's largest partners, CNPC (Hong Kong).

Indo Sichuan Wins Second Bengara-II Drilling Contract
Thursday, June 28, 2007Continental 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.

Continental Encouraged by Seberaba-1 Wildcat Drilling
Thursday, June 14, 2007Continental 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.

CGB2 Kicks Off Bengara-II Campaign
Friday, April 27, 2007Continental-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.

Second Rig Tendered for Begara-II
Friday, April 20, 2007Continental-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.

Continental: Rig Arrives in Bengara-II
Friday, March 09, 2007Continental 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.

Continental Energy: Rig En Route to Bengara-II
Friday, February 23, 2007Continental 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.

Continental Energy: Bengara-II Contract Awarded
Friday, January 19, 2007Continental 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.

Continental Energy Calls for Tenders on Bengara-II Drilling Program
Friday, December 01, 2006Continental 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.

Continental Energy's 2006-07 Bengara-II Drilling Program Fully Funded
Thursday, October 12, 2006Continental 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.

Continental Energy and CNPC Hong Kong Sign Bengara-II Deal
Tuesday, October 03, 2006Continental 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.

Continental Continues Due Diligence for CNPC-HK Deal
Wednesday, August 02, 2006Continental 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.

Continental, GeoPetro Sign LOI for Indonesian Farm Out
Wednesday, July 12, 2006Continental 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.

Continental Energy Forms Texas Subsidiary for US Operations
Thursday, April 27, 2006Continental Energy has formed TXX Energy Corporation (TXX) to pursue oil and gas exploration and production projects and obtain new exploration leases in the USA.

Continental Energy Reports Earnings
Wednesday, January 04, 2006Continental 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.

Continental Energy Forms New Ventures Exploration Company
Wednesday, November 30, 2005Continental 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.

Continental Energy Sells Yapen Interest
Thursday, October 27, 2005Continental Energy and GeoPetro Resources Company have sold their interest in the Yapen Production Sharing Contract in West Papua, Indonesia, to Nations Energy Company.

Continental Commissions Feasibility Study for Makapan Field
Wednesday, May 04, 2005Continental 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.

Continental's Bengara-II Block Outside Disputed Area
Wednesday, March 30, 2005Continental 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.

Medco Farms Out Stake in Yapen Block Offshore Indonesia
Wednesday, July 21, 2004Continental'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.