Continental Energy Corporation announced financial results for the first quarter ended September 30, 2017. The company incurred a net loss during the quarter of $833,318 compared to a loss of $91,458 for the same quarter last year, an increase of $741,860. The increase in loss was primarily due to non-cash transaction costs of $534,425 relating to the settlement of debt and acquisition of shares of joint venture partner Continental Hilir Indonesia Pte. Ltd. and the loss on settlement of a convertible note of $151,110.