Continental Energy Holding a Series of Roadshow Presentations in October


DALLAS, Oct. 5, 2006 (PRIMEZONE) -- Continental Energy Corporation (OTCBB:CPPXF) announced today that it has commenced a corporate roadshow this week, providing the investment community with an overview of current operations and growth opportunities in a series of presentations at leading national financial markets and investor conferences.

On Thursday, October 5th, Continental Energy's Chief Financial Officer, Mr. James Eger, will present at the Friedland Capital Fall 2006 Global Equities Conference at the Hard Rock Hotel and Casino in Las Vegas, Nevada. For more information on the conference please visit http://www.friedlandinvestmentevents.com/lasvegas/index.htm.

Mr. Eger commented: "Coming on the heels of our definitive joint-venture agreement with CNPC (Hong Kong) Ltd, a 52% owned subsidiary of the China National Petroleum Company based in Beijing, PRC, announced earlier this week, which will provide funding for exploration drilling on our Bengara-II area in Indonesia, this is an excellent time for Continental Energy to outline our recent accomplishments and plans for the future."

On Friday, October 6th, Mr. Eger will give one-on-one presentations in private meetings with members of the investment community in Orange County, California.

Previously, on Monday, October 2nd, the Company was participating in China Investors Conference in Pasadena, California.

In addition, Continental Energy will be present at the Value Rich Small Cap Financial Expo later this month, on October 25th and 26th, held at the Wynn in Las Vegas, Nevada.

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. For further information, please visit our web site at www.continentalenergy.com.

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.


            

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