Continental Energy Corporation, an emerging developer of small-scale refineries integrated with local crude oil feedstock production, today announced that it has received a foreign direct investment license from Coordinating Investment Board. The license permits the Company to incorporate PT Continental Hilir Indonesia (PT-CHI), a new, foreign-owned, limited liability subsidiary company in Indonesia. PT-CHI will be charged with the task of creating new business opportunities for the Company within the downstream oil and gas sector.
