Continental Energy Corporation Reports Earnings Results for the Second Quarter Ended December 31, 2019

Continental Energy Corporation is a Canada-based developer of modular, small-scale crude oil refineries that are co-located with smaller and/or stranded oil and gas producing fields. Each refinery is designed to refine motor fuels for supply to underserved local markets in the Republic of Indonesia. Its oil and gas business activities include both upstream and downstream activities. It operates through two subsidiaries, PT Continental Hilir Indonesia (PT-CHI) and PT Kilang Kaltim Continental (PT KKC). PT-CHI provides management consulting services to local Indonesian crude oil producers, regional investors, local lenders, and energy infrastructure development enterprises of regency or provincial level governments. PT KKC builds, owns, and operates about 24,000 barrels per day capacity crude oil refinery at the KIPI Maloy International Port and Industrial Park, a special economic zone and industrial center located in the Kutai Timur Regency of East Kalimantan Province, Indonesia.