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Continental Geothermal Energy Project Receives US$ 11.5 Million Grant

Posted by AGORACOM-JC at 10:21 AM on Tuesday, May 29th, 2012

Continental Energy Corporation (OTCBB: CPPXF) announced that the Government Of Malaysia, acting through its Public Private Partnership Unit of the Prime Minister’s Department, has awarded a grant of 35 Million Malaysian Ringgit (approximately US$ 11.5 Million) to Tawau Green Energy Sdn. Bhd. The Company owns a 10% stake in TGE.

TGE is developing a geothermal energy resource at a site named Apas Kiri, located in the southern portion of the Malaysian State of Sabah near the city of Tawau. Apas Kiri will be Malaysia’s first geothermal energy development. It is expected to come online by early 2015 with a rated net capacity of 30 Megawatts.

The Company’s CEO, Richard L. McAdoo, who is also the Geotechnical Director of TGE, was present and witnessed the signing. He said afterwards, “This grant reaffirms the strong commitment and firm resolve that both the Government of Malaysia and the Government of Sabah have in solving electrical power generation capacity shortfalls in Sabah utilizing renewable energy sources. This kind of fiscal incentive is essential to any green field renewable energy project’s success. Our recognition of this vital Government support was one of the principle factors in our recent decision to invest in TGE. The management of TGE has done an excellent job in highlighting the benefits of the Apas Kiri geothermal energy development to the people of Sabah and this grant is a remarkable demonstration of the Government’s strong commitment of support for the timely implementation of the project.”

IR Hub / Discussion Forum / Website

Continental Enters Into Partnership For Indonesian CBM

Posted by AGORACOM-JC at 9:33 AM on Tuesday, May 15th, 2012

Continental Enters Into Partnership For Indonesian CBM

Continental Energy Corporation (OTCBB: CPPXF) an emerging international energy company, today announced that it has entered into a Joint Study and Bid Group agreement with CBM Asia Development Corp.

CBM Asia (TSX.V:TCF) (www.cbmasia.com ), a Canadian-listed coalbed methane (“CBM”) company focused solely on the Indonesian CBM industry and with interests in four CBM production sharing contracts (“PSC”) is pursuing new CBM opportunities in Indonesia. Under the agreement, Continental and CBM Asia will jointly and exclusively study selected areas in Indonesia with the objective of identifying geologically justified candidate areas to be jointly pursued as targets of opportunity for direct acquisition of CBM PSCs offered by the Indonesian government through public tenders or through direct proposal tenders conducted under joint study arrangements.

Successful CBM PSC acquisitions shall be shared by Continental and CBM Asia under a pre-agreed joint operating agreement (“JOA”) format in the participating interest proportions 75% CBM Asia and 25% Continental. CBM Asia shall act as operator under the JOA and any CBM PSC and shall pay 100% of the JOA’s CBM PSC general and administrative costs. All CBM PSC acquisition costs and other JOA exploration and drilling costs shall be borne by the parties in proportion to their respective JOA participating interests.

According to MIGAS, the oil and gas division of Indonesia’s Ministry of Energy, gas production from CBM is expected to contribute to the country’s efforts in boosting its declining gas output. Indonesia has the world’s second largest CBM reserves after China, with total potential reserves of 453 trillion cubic feet, twice that of its estimated conventional natural gas resources. In order to promote CBM development, the Indonesian Government has prepared some new incentives and streamlined CBM working area applications. Foremost among these incentives is a favorable production sharing split for the contractor of 45% for CBM gas as opposed to the 30% conventional PSC operators receive for gas. A tax holiday incentive is also being considered for CBM gas.

What is coalbed Methane? *source
The primary energy source of natural gas is a substance called methane (CH4). Coal bed methane (CBM) is simply methane found in coal seams. It is produced by non-traditional means, and therefore, while it is sold and used the same as traditional natural gas, its production is very different. CBM is generated either from a biological process as a result of microbial action or from a thermal process as a result of increasing heat with depth of the coal. Often a coal seam is saturated with water, with methane is held in the coal by water pressure. Currently, natural gas from coal beds accounts for approximately 7% of total natural gas production in the United States.

IR Hub / Corporate Profile / Discussion Forum

AGORACOM Small-Cap Wire: Continental Energy Stake In Geothermal Will Power Malaysia; Sonomax Gets $600,000 Order From BHP Billiton

Posted by AGORACOM at 7:03 PM on Wednesday, May 9th, 2012

AGORACOM WIRE – WEDNESDAY MAY 9TH

BREAKING …..Continental Energy (CPPXF:OTCBB) Buys First Stake In Geothermal Energy Project Read More *Client


  • Milestone Event for Continental
  • First Malaysian Power Plant Fired By A Geothermal Source
  • $328,000,000 Revenue From Malaysia Alone

 

SONOMAX GETS ADDITIONAL $600,000 ORDER FROM BHP BILLITON …. POTENTIAL FOR EVEN MORE …. *SPONSOR

FOCUS METALS and Hydro-Quebec’s IREQ Sign Graphite Purification Technology Agreement and Anode Production Agreement for Li-Ion Batteries Read More *SPONSOR

Continental Energy (CPPXF:OTCBB) Buys First Stake in a Geothermal Energy Project

Posted by AGORACOM-JC at 10:21 AM on Wednesday, May 9th, 2012

Continental Energy Corporation (OTCBB: CPPXF)  announced that it has purchased a 10% stake in Tawau Green Energy Sdn. Bhd. (“TGE“), a privately held company based in Kota Kinabalu, Sabah, Malaysia.

TGE is a geothermal energy developer. On November 29, 2011, TGE entered into a Renewable Energy Power Purchase Agreement (the “PPA“) with Sabah Electricity Sdn. Bhd. (“SESB“) to supply a capacity of 30 megawatts of electrical power to SESB’s East Coast Sabah power grid. SESB is a utility owned 80% by Tenaga Nasional Berhad, the federally owned electrical generation authority and utility of Malaysia and 20% by the State Government of Sabah. TGE is developing a volcano related geothermal resource known as “Apas Kiri” which is located in southern Sabah near the city of Tawau approximately 100 miles north of Continental’s Bengara-II oil and gas PSC in Indonesia.

TGE will build, own and operate the geothermal power plant and expects to construct it at an estimated total cost of 400 Million Malaysian Ringgit (“MYR“) (approximately US$ 133 Million). TGE plans to commission the plant by the end of 2014 and when completed, it will be Malaysia’s first power plant fired by a geothermal resource.

The PPA provides for a fixed purchase price by SESB of MYR 0.21 per kilowatt hour (approximately US$ 0.07) and a guaranteed off-take of all power the geothermal plant can produce for a fixed term of 21 years from first commercial operation. Over the 21 year life of the PPA, TGE expects to generate about US$ 328 Million in revenues at the PPA price. Additionally, TGE has applied for a Feed-In Tariff incentive from the Malaysian Government which if and when approved, would increase the overall revenue projection.

Richard McAdoo stated, “This acquisition of a 10% stake in TGE is a milestone event for Continental. It represents that all important, first big-step of our planned expansion into the renewable electrical power generation sector in a high growth region. The countries of Southeast Asia are all aggressively pursuing additional electrical power generation as the solid growth of their economies places unprecedented demand on current electrical generation capacity. As a result, clean, sustainable and renewable energy projects are generating major interest from regional financing sources and are attracting substantial investment incentives from the highest levels of government. The rapid and impressive track record of TGE in bringing the Apas Kiri geothermal project from concept to PPA is an excellent example of one of many attractive business opportunities available to innovative renewable and unconventional energy companies in Southeast Asia. We are extremely pleased to be joining TGE in this business venture and we are confident that our expertise in geological resource evaluation, risk management, and drilling will make a major contribution to TGE’s success.”

IR Hub / Discussion Forum

Source: http://agoracom.com/ir/continentalenergy/forums/discussion/topics/531444-continental-buys-first-stake-in-a-geothermal-energy-project/messages/1680203#message

AGORACOM Small-Cap Wire: Golden Hope Hits 152M Gold; Sonomax OEM’s With Altec Lansing; NHL Is Out Of Control

Posted by AGORACOM at 11:00 AM on Wednesday, April 18th, 2012


AGORACOM WIRE – WEDNESDAY APRIL 18TH

TODAY’S TOP SMALL-CAP STORIES ….

Golden Hope Intersects 152 Metres of 1.51 g/t Gold  Read More *SPONSOR

Sonomax Signs Material OEM Agreement with Leading Audio Brand Altec Lansing Read More *SPONSOR

Continental Energy (CPPXF:OTCBB) Indonesian Oil & Gas Elephant Hunters Read More *CLIENT

AGORACOM Welcomes 3 New HUBS – Check Them Out!

HOCKEY TALK ON OUR NHL PLAYOFFS HUB – Is The NHL Out Of Control Or Is This Just Playoff Hockey? Is Your Team In? NHL HUB

OUR SPONSORS SUPPORT CLEAN TALKING FORUMS … THEY BOTH ISSUED BIG NEWS TODAY … VISIT THEM! 

Why Golden Hope Mines?  Click Here For Your 90 Second Overview

HUB Forum Profile

Why Sonomax? Click Here For Your 90 Second Overview

Hub / Forum / Profile

 

AGORACOM Welcomes Indonesian Oil & Gas “Elephant” Hunters, Continental Energy Corp.

Posted by AGORACOM-JC at 9:27 AM on Tuesday, April 3rd, 2012

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

Indonesian Focus

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.

IR Hub / Corporate Profile / Discussion Forum