Continental Energy Corporation (OTCPK:CPPX.F) acquired 85% stake in Continental Hilir Indonesia Pte. Ltd. from eight subscribers and shareholders for $0.56 million on August 31, 2017. As per terms, Continental Energy Corporation issued 14 million units, each unit consisting of one common share and one warrant to purchase an additional common share of Continental Energy Corporation. No commissions or fees of any kind were paid with respect to this transaction. Pursuant to transaction, Continental Energy Corporation acquired ownership and control of Continental Hilir Indonesia Pte. Ltd. and intends to repurpose Continental Hilir Indonesia as its trading subsidiary to handle crude oil feedstock imports and refined products exports for its planned small scale refineries in Indonesia. Continental Energy Corporation (OTCPK:CPPX.F) completed the acquisition of 85% stake in Continental Hilir Indonesia Pte. Ltd. from eight subscribers and shareholders on August 31, 2017.