Continental energy (CPPXF)

[jimmy$teel]

Good gain yesterday with fair volume, but will it hold?

[jimmy$teel]

I.M.O. It will be 2 to 5 years before this stock hits its full potential. If they do everything they have planned it may even be a keeper, but definitely a long term investment.

[jimmy$teel]

I'm sorry I asked that question, hopefully that will be the bottom. Good luck.

[jimmy$teel]

News Release November 13, 2007


Continental Energy Forms Joint Venture Biofuels Company


DALLAS - November 13, 2007 - Continental Energy Corporation (OTCBB: CPPXF) today announced that it has cofounded a new, partially-owned, special purpose, joint venture subsidiary incorporated in Delaware named Continental Biofuels Corporation (“CBC”). The Company subscribed and purchased 1,000 shares of the 2,500 issued and fully paid share capital of CBC representing a 40% stake, and largest single shareholding, in CBC.

The remaining 60% stake in CBC is held by a cofounder group of five private investors led by Casimir Capital Group LLC of New York which includes two Directors of the Company, each of whom purchased a 10% stake. The Company’s CFO, Mr. James D. Eger has been appointed as the first President and CEO of CBC. During the short term the Company expects this management control to be relinquished and the Company’s shareholding stake in CBC to be diluted when new investors join CBC in anticipated private or public fundings.

The Company and its management have a long track record in oil and gas exploration in remote areas of Indonesia. This experience provides contacts, knowledge of local business practices, and long standing personal relationships with Indonesian and Malaysian palm oil plantation owners and local government plantation permit providers. As a result, the Company is in a unique position to act in the role of facilitator and strengthen CBC’s SE Asian operational capability and assist CBC to capitalize on palm oil plantation acquisition or development opportunities. At this time the Company does not intend to invest further working capital in CBC and expects its management role in CBC to be limited to a short term start up period. The Company views the investment in CBC as a broadening of its commercial asset base in keeping with its geographic focus on Asia, particularly Indonesia.




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
http://www.continentalenergy.com

No Securities 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 US Securities Exchange Commission.


For more information please contact Jim Eger
at 877-762-2366, Suite 1200, 14001 Dallas Parkway, Dallas, Texas, 75240

[jimmy$teel]

Thursday September 13, 2007


Indonesia beckons foreign palm oil companies

JAKARTA: Indonesia, the world's biggest palm oil producer, wants foreigners to develop new plantations and may prevent them from acquiring existing operations, the agriculture minister said yesterday.

Overseas firms should buy new land and cultivate oil palms, the fruit of which is crushed to produce crude palm oil, instead of acquiring plantations from small holders, Anton Apriantono told reporters. The government aims to limit foreign control of strategic industries.

Plantation companies in Indonesia are expanding to benefit from higher prices of edible oils. Palm oil on the Malaysia Derivatives Exchange, the benchmark contract, has risen 26% this year, and traded at RM2,518 a tonne at the end of morning trading.

“We want small-holder plantations to continue to exist,'' Apriantono said. Indonesia plans to add 1.5 million hectares of oil palm plantations in the next three years to the current area of about six million, a government official has said.

Of the planned expansion, 1.375 million hectares would come from newly cleared land, while a further 125,000 hectares would be re-plantings of existing plantations, said Rosediana Suharto, chairwoman of the Indonesian Palm Oil Committee. Oil palms last about 25 years, after which they need replacing. – Bloomberg

[jimmy$teel]

CPPXF.OB News


December 13, 2007 - 10:00 AM EST

Continental Energy Plans 3D Seismic to Further Appraise Bengara-II
DALLAS, Dec. 13 /PRNewswire-FirstCall/ -- Continental Energy Corporation (OTC Bulletin Board: CPPXF) today advised of plans to conduct a large onshore 3D seismic survey to evaluate recent oil finds by its 18% owned Indonesian subsidiary Continental-GeoPetro (Bengara-II) Ltd. ('CGB2') in the Bengara-II block East Kalimantan, Indonesia.

The recent completion of the drilling of 4 wells in the Bengara-II Block comes at the recently ended initial 10-year exploration period of the PSC on December 4, 2007 and thereby satisfies the entire work program and expenditure obligations of CGB2 under its Bengara-II production sharing contract (PSC).

The technical information provided by drilling and testing results to date confirms the presence of an oil accumulation. However the data 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. Further technical information is required prior to commencing development.

CGB2 has prepared a preliminary plan of development for the Seberaba discovery based upon drilling and testing results from the Seberaba-1 and 4 wells. Testing of the Punga-1 well and further testing on the Seberaba-3 well is still in progress and is expected to be completed in early 2008. In addition to these well test results, CGB2 feels additional technical information is needed prior to finalizing the formal plan of development and submitting it for approval to Indonesian oil and gas authorities. Approval of the formal plan of development will automatically invoke the final 20-year production period of the Bengara-II PSC through December 4, 2027.

CGB2 has submitted the preliminary plan to the Indonesian authorities together with a request for additional time of up to three years to implement the plan and thereby obtain the additional data needed to further appraise and prove up the Seberaba discovery prior to completing and submitting the formal plan of development. The centerpiece of the preliminary plan is the acquisition of a 3D seismic survey over a 400 square kilometer area of the Bengara-II block completely covering the Seberaba-Punga structure and also covering the adjacent prospective areas. CGB2 feels the 3D seismic survey is needed to more accurately delineate the extent of the field and to confirm CGB2's initial opinion that there are sufficient oil reserves to justify a commercial development.

The 3D seismic survey will also aid in development planning and enable more precise well placement to maximize ultimate oil recovery. The 3D seismic is planned to commence in 2008 soon after its approval and is expected to take approximately 18 to 24 months to prepare, shoot, process, and interpret at an estimated cost of about $ 12,000,000.

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 US Securities Exchange Commission.

For more information please contact Jim Eger at 877-762-2366, Suite 1200, 14001 Dallas Parkway, Dallas, Texas, 75240

SOURCE Continental Energy Corporation



Source: PR Newswire (December 13, 2007 - 10:00 AM EST)

[jimmy$teel]

Anyone have any ideas how high the share price will go after the 18 month appraisal period.

[jimmy$teel]

Anyone have any ideas on how low the share price will go during the next 18 months.

[jimmy$teel]

Happy New Year.

[Golden Cross]

Texola Energy Provides Update on Chinchaga Prospect in Northern Alberta
Wednesday October 11, 4:30 pm ET


VANCOUVER, B.C.--(BUSINESS WIRE)--Texola Energy Corp. ('Texola' or the 'Company') (OTCBB:TXLA - News) has been advised by its partners that the re-entry of the initial Chinchaga well (8-24-95-8W6) will commence as planned on or about December, 2006 and will take approximately 18 days to reach final depth.
ADVERTISEMENT


The Chinchaga prospect is a farm-in with Suncor Energy Inc. where Texola and partners can earn a 100% working interest in approximately 18,000 acres of leases owned by Suncor. The leases are south of the Hamburg field and are flanked by the Cranberry and Ladyfern fields. Texola and partners will earn a 100% interest in the first 7,000 acres by drilling the first well and will have the option to earn the remaining acreage by drilling a second well in 2007. Suncor will retain a 12.5% gross overriding royalty on the lands. The Chinchaga exploration wells are in a winter only location. The first well was initially spudded March 2006 but drilling was suspended due to the approach of spring break-up.

Chinchaga, Alberta is known for some of North America's most prolific gas fields, the most prominent being the 450 BCF Cranberry field, the 430 BCF Hamburg field and more recently the 450 BCF Ladyfern field. These fields all produce from the upper Devonian Slave Point formation where the leached and fractured limestone provides a highly permeable and porous reservoir capable of producing more than 50 million cubic feet of gas per day during their first year of production. The entire Slave Point formation in north-central Alberta and British Columbia is estimated to contain 7 TCF gas in place.

The high carbonate content of the off-bank strata at Ladyfern previously made seismic imaging of the Slave point formation in similar areas virtually impossible prior to the 1990s. Since then, advances in 3D seismic, reprocessing of data and a new understanding of the area's characteristics have opened a window of opportunity in the less densely drilled areas to the south of three previously mentioned gas fields.

Chinchaga is one of these very high quality prospects which was generated by Suncor Energy Inc. after a careful evaluation of geologic studies including sample work of virtually all offsetting wells, seismic modeling, reprocessing and reinterpretation, combined with a 3D seismic survey covering the leases.

We look forward to providing updates on this very exciting prospect once we are in receipt of the same.

About Texola Energy Corp.

Texola is an emerging, growth oil and gas exploration company focused on providing exceptional shareholder value and appreciation by finding, exploring and developing large scale, early stage oil and gas projects in North America.

To achieve this goal, the Company has recently undertaken various exploration initiatives, one of which is an early stage exploration prospect in Nevada, USA, and the second is located in Northern Alberta, Canada. Both of these projects offer the Company the potential to exploit and develop large, world-class reservoirs.

For further information contact:

Texola Energy Corp.

Investor Relations:

Gordon Nesbitt

North America Toll Free: 1-866-329-5488 / Email: [e-mail]

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and Texola assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Texola believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Texola's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.



Contact:
Texola Energy Corp.
Investor Relations:
Gordon Nesbitt, 1-866-329-5488
[e-mail]

[Golden Cross]

Texola Energy Provides Update on Chinchaga Prospect in Northern Alberta
Wednesday October 11, 4:30 pm ET


VANCOUVER, B.C.--(BUSINESS WIRE)--Texola Energy Corp. ('Texola' or the 'Company') (OTCBB:TXLA - News) has been advised by its partners that the re-entry of the initial Chinchaga well (8-24-95-8W6) will commence as planned on or about December, 2006 and will take approximately 18 days to reach final depth.
ADVERTISEMENT


The Chinchaga prospect is a farm-in with Suncor Energy Inc. where Texola and partners can earn a 100% working interest in approximately 18,000 acres of leases owned by Suncor. The leases are south of the Hamburg field and are flanked by the Cranberry and Ladyfern fields. Texola and partners will earn a 100% interest in the first 7,000 acres by drilling the first well and will have the option to earn the remaining acreage by drilling a second well in 2007. Suncor will retain a 12.5% gross overriding royalty on the lands. The Chinchaga exploration wells are in a winter only location. The first well was initially spudded March 2006 but drilling was suspended due to the approach of spring break-up.

Chinchaga, Alberta is known for some of North America's most prolific gas fields, the most prominent being the 450 BCF Cranberry field, the 430 BCF Hamburg field and more recently the 450 BCF Ladyfern field. These fields all produce from the upper Devonian Slave Point formation where the leached and fractured limestone provides a highly permeable and porous reservoir capable of producing more than 50 million cubic feet of gas per day during their first year of production. The entire Slave Point formation in north-central Alberta and British Columbia is estimated to contain 7 TCF gas in place.

The high carbonate content of the off-bank strata at Ladyfern previously made seismic imaging of the Slave point formation in similar areas virtually impossible prior to the 1990s. Since then, advances in 3D seismic, reprocessing of data and a new understanding of the area's characteristics have opened a window of opportunity in the less densely drilled areas to the south of three previously mentioned gas fields.

Chinchaga is one of these very high quality prospects which was generated by Suncor Energy Inc. after a careful evaluation of geologic studies including sample work of virtually all offsetting wells, seismic modeling, reprocessing and reinterpretation, combined with a 3D seismic survey covering the leases.

We look forward to providing updates on this very exciting prospect once we are in receipt of the same.

About Texola Energy Corp.

Texola is an emerging, growth oil and gas exploration company focused on providing exceptional shareholder value and appreciation by finding, exploring and developing large scale, early stage oil and gas projects in North America.

To achieve this goal, the Company has recently undertaken various exploration initiatives, one of which is an early stage exploration prospect in Nevada, USA, and the second is located in Northern Alberta, Canada. Both of these projects offer the Company the potential to exploit and develop large, world-class reservoirs.

For further information contact:

Texola Energy Corp.

Investor Relations:

Gordon Nesbitt

North America Toll Free: 1-866-329-5488 / Email: [e-mail]

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and Texola assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Texola believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Texola's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.



Contact:
Texola Energy Corp.
Investor Relations:
Gordon Nesbitt, 1-866-329-5488
[e-mail]

[Golden Cross]

Continental Energy's 2006-07 Bengara-II Drilling Program Fully Funded
Wednesday October 11, 10:00 am ET


DALLAS, Oct. 11, 2006 (PRIMEZONE) -- Continental Energy Corporation (OTC BB:CPPXF.OB - News) today announced that CNPCHK (Indonesia) Limited, (``CNPC'') 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. (``CGB2'') subsidiary to CNPC as per the Company's October 2, 2006 press release.
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CNPC has placed the entire US$18,700,000 earning obligation into a CGB2 account jointly controlled by CNPC and Continental. The funds are to be used exclusively to pay for 2006 and 2007 exploration drilling in the 3,649 square kilometer Bengara-II Production Sharing Contract (``PSC'') area in East Kalimantan, Indonesia.

CGB2 has four exploration wells planned, permitted and approved by Indonesian oil and gas regulatory authorities for drilling in 2006 and 2007. The company is now finalizing plans for conducting the drilling program and preparations are being made to import a drilling rig from China to conduct the drilling.

About Continental Energy Corporation:

Continental Energy Corporation is an independent 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 http://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.



Contact:
Continental Energy Corporation
Jim Eger
[phone]
[e-mail]
www.continentalenergy.com
Suite 1200, 14001 Dallas Parkway
Dallas, Texas, 75240

[Golden Cross]

CPPXF: Continental Energy Signs LOI for Bengara-II Farm Out
Tuesday July 11, 12:29 pm ET


DALLAS, July 11, 2006 (PRIMEZONE) -- Continental Energy Corporation (OTC BB:CPPXF.OB - News) today announced that together with its joint venture partner, GeoPetro Resources Company, it has entered into a Letter of Intent (``LOI'') with CNPC (Hong Kong) Limited (``CNPC-HK'') to farm-out a 70% stake in its Continental-GeoPetro (Bengara-II) Ltd. subsidiary and its Bengara-II Production Sharing Contract.
The LOI calls for closing on July 31, 2006, subject to a definitive farm-out agreement providing for the detailed commercial terms of the deal not already agreed in the LOI and also subject to a joint operating agreement to provide for joint petroleum operations in the Bengara-II PSC. Closing is also subject to completion of remaining legal and financial due diligence and to obtaining all necessary approvals.

Principle farm-out terms, agreed in the LOI, and to be incorporated in the definitive agreements include:


1. Continental-GeoPetro (Bengara-II) Ltd. ("CGB2") owns a 100%
interest in the 3,649 square kilometer Bengara-II Production
Sharing Contract ("PSC") in East Kalimantan, Indonesia.
Continental owns 60% of CGB2 and GeoPetro owns 40%. After the
farm out of 70% to CNPC-HK, Continental will retain 18%.

2. CNPC-HK will pay an Earning Obligation in cash at closing in the
amount of US$ 18,700,000 into a jointly controlled CGB2 account
which funds shall be used exclusively to pay for work on the
Bengara-II PSC area, including the drilling four exploration wells
included in CGB2's approved 2006 work program and budget.

3. CNPC-HK will pay for and carry all of Continental and GeoPetro's
shares of exploration and development work until the earlier of 1)
an additional amount of US$ 41,300,0000 over and above the Earning
Obligation funds has been expended or 2) the month after the first
commercial lifting of crude oil from the Bengara-II PSC is
delivered and sold.

4. CNPC-HK will pay also pay directly to Continental and GeoPetro a
cash bonus in the amount of US$ 5,000,000 contingent upon the
first commercial oil or gas discovery within the Bengara-II PSC
area.

About CNPC (Hong Kong) Ltd.:

CNPC (Hong Kong) Limited is a 52% owned subsidiary of the China National Petroleum Company based in Beijing, PRC. The remaining 48% is publicly held. CNPC (Hong Kong) Limited is based in Hong Kong and its shares trade on the Hong Kong Stock Exchange under the listing number 0135.HK. For further information, please visit their web site at http://www.cnpc.com.hk.

About GeoPetro Resources Company:

GeoPetro Resources Company has been Continental's partner in CGB2 and the Bengara-II PSC since 2000, owning a 40% share. GeoPetro is based in San Francisco and its shares trade on the Toronto Stock Exchange under the symbol GEP.S. For further information, please visit their web site at http://www.geopetro.com.

About Continental Energy Corporation:

Continental Energy Corporation is a small oil and gas exploration company, focused entirely on shareholder capital appreciation through making a major oil or gas discovery in Indonesia. For further information, please visit our web site at http://www.continentalenergy.com.


On behalf of the Company,
James D. Eger, CFO
Dallas, Texas

ADVERTISEMENT


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.

For more information please contact Jim Eger at 877-762-2366, Suite 1200, 14001 Dallas Parkway, Dallas, Texas, 75240

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.



Contact:
Continental Energy Corporation
Jim Eger
[phone]


--------------------------------------------------------------------------------
Source: Continental Energy Corporation

[Golden Cross]

Continental Energy Quarterly Results
Wednesday July 5, 6:37 pm ET


DALLAS, July 5, 2006 (PRIMEZONE) -- Continental Energy Corporation (OTC BB:CPPXF.OB - News) announced today that it has released its interim quarterly report for the third quarter ended April 30, 2006 of its 2006 fiscal year ending June 30, 2006 and filed the report with securities regulators on SEDAR. The report is also contained within a 6-K filing with the SEC on EDGAR dated July 3, 2006.
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The date of the report is as of June 29, 2006 and a summary of management's discussion and analysis contained therein follows.

As at April 30, 2006, the Company's interim consolidated financial statements reflect a working capital position of $2,514,833. This represents an increase in the working capital of approximately $2,554,000 compared to the July 31, 2005 working capital deficit of $39,066. The increase was mainly due to the Company selling its Yapen subsidiary and receiving cash proceeds of $3,600,000. The increase was offset by general and administrative requirements during the period. The cash balance at April 30, 2006 was $2,648,141 compared to $98,898 as at July 31, 2005, an increase of $2,549,243. During the current quarter, the Company's cash balance decreased by $666,388.

The Company used $822,711 for operating activities during the nine months ended April 30, 2006 compared with $600,876 in the nine months ended April 30, 2005. The current level of spending is 37% higher than the prior year spending for operations. During the current quarter, the Company used $622,995 as compared with $433,127 in the same fiscal quarter in the prior year.

The cash resources provided by investing activities during the nine months ended April 30, 2006 was $3,324,347 compared with using $5,802 in the nine months ended April 30, 2005. The Company's property expenditures were reduced to a maintenance level until management decides to commence further exploration and development of its Indonesian properties. The current year amount includes the proceeds from the Yapen sale, net of closing costs in the amount of $3,506,834 as well as equipment purchases of $98,643. During the current quarter, the Company used $43,393 as compared with an inflow of $33,681 in the same fiscal quarter in the prior year.

The cash resources provided by financing activities during the nine months ended April 30, 2006 was $47,613 compared with $840,253 in the nine months ended April 30, 2005. During the current period the company received proceeds of $60,000 for share issuances compared with $847,735 in the prior period. During the current quarter, cash resources provided by financing activities were $0 as compared with $767,614 in the same fiscal quarter in the prior year.

Overall, the Company had income from operations during the nine months ended April 30, 2006 of $2,463,634 compared to a loss of $1,313,673 in the nine months ended April 30, 2005. The largest difference was the fact that the Company sold its Yapen subsidiary for cash proceeds of $3,600,000 and recorded a gain of $3,506,833 on disposition. There were no disposals in the nine months ended April 30, 2005.

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 http://www.continentalenergy.com or contact Jim Eger at 877-762-2366, Suite 1200, 14001 Dallas Parkway, Dallas, Texas 75240.

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.



Contact:
Continental Energy Corporation
Jim Eger
[phone]
[e-mail]
www.continentalenergy.com

[stockound]

Hi dmxbr9,

I feel good about this one.
The transfer agent says that all bill are up to date.
They are cash rich from selling one of their properties in Indonesia, namely the Yappan block for 3.6 million dollars.P/r stated, "No broker's or finder's fees on this transaction".
This fact alone tells me that they are a competent bunch of men that can put a business deal together in the best interest of the company.
Integrity... What a concept!

When it goes...hang on with both hands...IMHO

Cheers
d

[dmxbr9]

im holding a lot at .325.... Lets see this one go!

[stockound]

Greetings CPPXF Investors.

Pretty quiet this last while but this stock is very tightly held

gl