DALLAS, March 25, 2004 (PRIMEZONE) -- Continental Energy Corporation (OTCBB:CPPXF) announced today that an interview conducted with its President & CEO, Richard L. McAdoo, is currently available on www.WallStreetReporter.com. The financial website is accessed daily by more than 4.5 million investors. The direct link to the interview is http://www.wallstreetreporter.com/profiles/ContinentalEnergy.html.
Senior analyst Todd Santorelli interviewed McAdoo. During the interview, the CEO discusses Continental's core business, its Indonesian market opportunities, and future key goals and growth strategies.
McAdoo noted that Continental Energy offers risk-taking investors a potentially maximum return on their holdings. "Any one of the wells we plan to drill on our three Indonesian concessions over the next few years could be a company maker," he said, adding "big discoveries translate into big capital appreciation for our shareholders."
The CEO also cited the company's proven business model, and the fact that several major oil and gas companies had enjoyed company maker status in Indonesia, including Natomas, Huffco, Asamera and Petromed Trend. He explained that all of these companies initially started out no bigger than Continental, and all enjoyed huge successes in Indonesia after taking the exploration risk, ultimately being acquired by major oil companies.
McAdoo also noted, "We have 3.5 million acres under concession in the Indonesian properties, or Blocks as we call them. They are the Bangkudulis Block, the Bengara-II Block and the Yapen Block. By comparison, an oil company our size in Texas might have only 100,000 acres or less.
"It never was a better time to buy Continental Energy," said McAdoo. The company has strong depth of management both in North America and in Indonesia, he said. The combination of that expertise, and the opportunities presented by the company's three premium drilling sites, offer substantial upside opportunity, he concluded.
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 gas exploration and geological conditions are proven to be excellent for petroleum accumulation. Management has long experience in-country, and solid relationships with both industry and government at all levels. A strong and growing domestic demand for both crude oil and natural gas provides expanding and nearby markets for any production Continental establishes. For further information, see http://www.continentalenergy.com.
Safe Harbor Statement
No securities regulatory authority has either approved or disapproved the contents of this news release. Certain matters discussed within this press release may be 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 will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, oil and gas prices, drilling program results, regulatory changes, political risk, terrorism, changes in local or national economic conditions and other risks detailed from time to time in Continental's periodic filings with the U.S. Securities Exchange Commission.