JAKARTA (Yosefardi) – Continental Energy Corporation, an emerging international energy developer, as entered into a strategic alliance agreement with Indonesia based Bluline Group.
Bluline is a family owned group of companies that specialize in private equity investment in Food-Energy-Water (FEW) related businesses and infrastructure projects throughout the Indonesian Archipelago.
The Alliance agreement defines the Republic of Indonesia as an area of mutual interest in which Bluline and the Company shall seek out and develop new energy related business opportunities of three types: 1) new green fields energy production and infrastructure ventures; 2) farm-ins to interests in existing projects, properties, and concessions; and 3) acquisitions of going-concern energy related businesses.