Email : INFO@CONTINENTALENERGY.COM
Web : WWW.CONTINENTALENERGY.COM
Symbol: OTC-BB : CPPXF
Source: Continental Energy Corporation
Continental's Bengara-II Drill Sites Environmental Impact Assessments
DALLAS – May 6, 2004 – Continental Energy Corporation (OTCBB: CPPXF)
announced today that environmental impact assessments on drill sites for
its 2004-2005 exploration drilling program for the Bengara-II Block have
been approved by Indonesian environmental regulation authorities.
The field and laboratory studies leading to the assessments were conducted
by a local Indonesian environmental consultant on behalf of Continental's
60% owned Indonesian operating subsidiary, Continental-GeoPetro (Bengara-
The impact assessments were prepared in accordance with prevailing
Indonesian requirements and standards for all proposed oil and gas
drilling sites prior to commencing drilling activity.
The approved assessments cover five proposed exploratory drill sites
within Continental's Bengara-II Block production sharing contract area in
East Kalimantan, Indonesia, including the three exploration well sites
planned for 2004-2005.
Details of the three exploration wells planned are available in the
company’s news release of Tuesday, May 4, 2004.
About Continental Energy Corporation :
Continental Energy Corporation is a small oil and gas exploration
company, focused entirely on making a major oil or gas discovery in
Indonesia. There it has successfully acquired production sharing
contracts granting exclusive petroleum exploration and production
rights to two high potential exploration concession areas, the
Bengara-II and Yapen Blocks, totaling over 3 million acres; and a
third concession for the development of the Bangkudulis Oil Field.
Continental concentrates its efforts in Indonesia, one of the few
places in the world where large tracts of highly prospective
acreage can be accumulated. Indonesia has a long and successful
history of oil and g