Canada?s Continental Energy appoints new director

Canadian junior oil firm Continental Energy Corp. announced on Thursday the appointment of 67 years old Paul L. Hayes, Jr. to its board of directors.

Hayes will serve as an independent director and has been appointed to the Audit Committee and the Executive Compensation Committee.

Hayes replaces Larry Barker who is retiring from the board. Barker will continue to serve the company as a Special Advisor to the President and the Board of Directors.

Continental Energy Corporation is a small exploration company focusing its efforts on discovering reserves in Indonesia. Continental owns interests in three oil and gas concessions covering 3 million acres in Indonesia, the Bengara-II Block and the Bangkudulis Block, both are located in East Kalimantan and the Yapen Block in Papua province.(alex)