Here's a junior oil and gas exploration company that has been quietly
going about its business and unnoticed by most speculators. The company
wasn't ready to tell its exciting story to the world but that's about to
change. Here's why.
During 1998 Continental acquired two highly prospective blocks totalling
over 3,500,000 acres in Indonesia, an area reknown for its numerous huge
oil and gas fields. Now, with revised Production Sharing Contracts
(PSC), Indonesia is more attractive than ever because the exploration
companies receive more of the initial profits to offset their
exploration expenses.
A financing agreement has been signed to raise a minimum of $1.5 million
and a maximum of $3.0 million.
Oil prices appear to have bottomed at ±$12 and are moving higher as OPEC
indicates it plans to reduce oil production.
Continental has an experienced management team and its geologist, Gary
Wine P.Geol. Petroleum, has 20 years of experience with a large Canadian
oil company. Most of his work was in S.E. Asia, Latin America and the
USA. Management Profile: continentalenergy.com
The company has undertaken to make itself well known to much larger
exploration companies and the investment community so Continental won't
be undiscovered any longer.
For more information,
visit Continental's web site
continentalenergy.com
The investor relations' e-mail address is cenergy@istar.ca |
