Continental Energy Corporation (OTCBB: CPPXF) an emerging international oil and gas company, today announced that it has retained the services of AGORACOM Investor Relations to provide online investor relations services. AGORACOM will specifically provide an online investor relations community for current shareholder communications, in addition to online marketing through search engines, social media networks and Tier-1 financial content partners for the purpose of attracting new shareholders.
Online investor relations maximizes the speed of communication, the degree of transparency and the access to company information. In response to overwhelming research data being generated by small-cap investors, the Company selected online investor relations to facilitate faster and more efficiently communications with both current and prospective shareholders around the world.
Effective immediately, a customized and monitored Continental Energy Corporation IR HUB will be available at http://agoracom.com/ir/continentalenergy, allowing management to communicate with shareholders anytime and in near real-time through an electronic shareholder forum http://agoracom.com/ir/continentalenergy/forums/discussion. Moreover, the IR HUB will provide the Company’s management with the ability to extend communications beyond text via audio messages, video presentations, Skype broadcasts, webcasts and podcasts.
Richard L. McAdoo, Chief Executive Officer commented, “We are anxious to embark on this campaign to both increase communications with existing shareholders and to attract new shareholders to our company as we continue to expand our involvement into new energy projects throughout Southeast Asia. We encourage everyone to get involved and to maximize the strength of our online IR campaign.”
Bengara II Block
Indonesia holds proven oil reserves of 4.2 billion barrels and ranks twenty first among world oil producers, accounting for approximately 1.2% of world oil production . Declining oil production and increased consumption resulted in Indonesia becoming a net oil importer inlate 2004. This factor, along with high oil prices in 2004-2008, led the Government to substantially scale back the domestic fuel subsidyin 2008 and to decide to temporarily withdraw from the Organization of Petroleum Exporting Countries –an organization representing approximately 45% of world oil production. As the only Asian member of OPEC since 1962, the Government has indicated it will consider rejoining OPEC if the country’s oil production can be increased and it can becomea net exporter again.
Indonesia is ranked eighth in world gas production, with proven reserves of 108 trillion cubic feet in year 2010. This ranks eleventh largest in the world and the largest in the Asia Pacific region.