Email : INFO@CONTINENTALENERGY.COM
Web : WWW.CONTINENTALENERGY.COM
Symbol : OTC-BB : CPPXF
Farm Out Agreement Notice
Langley, BC, Canada : NOVEMBER 12, 2003 – CONTINENTAL ENERGY CORPORATION
("Continental", OTC-BB: CPPXF ) announced that written notice has been given to China Wisdom
International (HK) Ltd. ("China Wisdom") that China Wisdom is in default of its obligations under a
March 3, 2003 farm out agreement (see press release dated March 6, 2003) and must commence
drilling the first of 5 obligation wells on the Bengara-II Block before November 30, 2003 or risk
termination thereafter of the farm out agreement in accordance with its provisions.
Continental and its partner in the Bengara-II Block, GeoPetro Resources Company of San
Francisco, are reopening discussions with other parties who have expressed interest in farming
into the Bengara-II Block in the event of China Wisdom’s failure to perform and earn any interest in
Continental Energy Corporation is a small exploration company with world class properties
focusing its efforts on discovering major reserves in Indonesia. Continental owns interests in three
oil and gas concessions covering 3 million acres in Indonesia, the Bengara-II Block and the
Bangkudulis Block and the Yapen Block.
On behalf of the Company,
"Original Signed by Gary R. Schell"
Gary R. Schell, Director
No securities regulatory authority has either approved or disapproved the contents of this news release. Certain matters discussed within this press release are
forward-looking statements within the meaning of the " Safe Harbor " provisions of the Private Securities Litigation Reform Act of 1995. Although Continental
believes the expectations reflected in such forward-looking statements including reserves estimates, production forecasts, feasibility reports and economic
evaluations are based on reasonable expectations and assumptions, it can give no assurance that its expectations wi