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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 | ||||||||||||||
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