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Continental Petroleums Reports Record Production and Financial Results for Q3 2023
Continental Petroleums Ltd. (TSXV: CPP) is pleased to announce record production and financial results for the third quarter ended September 30, 2023.
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Continental Petroleums to Acquire Interest in Montney Play, Alberta
Continental Petroleums Ltd. (TSXV: CPP) is pleased to announce that it has entered into an agreement to acquire a 50% working interest in approximately 40,000 net acres of undeveloped land in the Montney play, Alberta.
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Continental Petroleums Announces Closing of Private Placement
Continental Petroleums Ltd. (TSXV: CPP) is pleased to announce the closing of a non-brokered private placement of 10,000,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $2,000,000.
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Continental Petroleums Ltd. Announces Record Financial Results for 2022
Continental Petroleums Ltd. (TSX: CPP) today announced record financial results for the year ended December 31, 2022. The Company achieved record revenue of $1.3 billion, an increase of 58% compared to $824 million in the prior year. Net income increased by 106% to $322 million, or $1.56 per share, compared to $156 million, or $0.76 per share, in 2021.
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Continental Petroleums Ltd. Announces Acquisition of Eagle Ford Assets
Continental Petroleums Ltd. (TSX: CPP) today announced that it has entered into an agreement to acquire certain Eagle Ford assets from a private seller for total cash consideration of $225 million, subject to customary closing adjustments.
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Continental Petroleums Ltd. Reports Strong Fourth Quarter and 2022 Results
Continental Petroleums Ltd. (TSX: CPP) today reported strong financial results for the fourth quarter and full year 2022. For the fourth quarter, the Company achieved record revenue of $355 million, an increase of 37% compared to $259 million in the prior year quarter. Net income increased by 88% to $93 million, or $0.45 per share, compared to $49 million, or $0.24 per share, in Q4 2021.
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Continental Petroleums Announces New Oil Discovery in Nigeria
Continental Petroleums Ltd. has announced the discovery of a new oil field in Nigeria. The field is located in the Niger Delta region and is estimated to hold up to 500 million barrels of oil.
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Continental Petroleums Reports Strong Financial Results for Q4 2022
Continental Petroleums Ltd. has reported strong financial results for the fourth quarter of 2022. The company's revenue increased by 15% year-over-year, and its net income increased by 20%.
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Continental Petroleums Partners with Chevron on New Offshore Exploration Project
Continental Petroleums Ltd. has partnered with Chevron Corporation on a new offshore exploration project in the Gulf of Mexico. The project is expected to cost up to $1 billion and could lead to the discovery of new oil and gas reserves.
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Continental Petroleums Closes Acquisition of Working Interest in West Hazel Area
Continental Petroleums Limited (the "Company" or "Continental") (TSXV: CPP) (OTCQX: CPPXF) is pleased to announce that it has completed the previously announced acquisition of an additional 1.75% working interest in the West Hazel Area from ARC Resources Ltd. ("ARC").
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Continental Petroleums Announces Fourth Quarter and Year-End 2022 Financial and Operating Results
Continental Petroleums Limited (the "Company" or "Continental") (TSXV: CPP) (OTCQX: CPPXF) is pleased to announce its financial and operating results for the three months and year ended December 31, 2022.
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Continental Petroleums Provides Operational Update
Continental Petroleums Limited (the "Company" or "Continental") (TSXV: CPP) (OTCQX: CPPXF) is pleased to provide an operational update.
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Continental Petroleums Announces Closing of Bought Deal Offering
Continental Petroleums Limited (the "Company" or "Continental") (TSXV: CPP) (OTCQX: CPPXF) is pleased to announce the closing of its previously announced bought deal offering of common shares (the "Offering").
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Continental Petroleums Announces Bought Deal Offering
Continental Petroleums Limited (the "Company" or "Continental") (TSXV: CPP) (OTCQX: CPPXF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Stifel GMP, as lead underwriter and sole bookrunner, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 14,285,714 common shares of the Company (the "Shares") at a price of C$0.70 per Share (the "Offering Price") for aggregate gross proceeds to the Company of C$10,000,000 (the "Offering").
