Continental Energy Corp., Dallas, has formed TXX Energy Corp. as a wholly owned subsidiary to pursue exploration and production projects and obtain exploration leases in the US.
By OGJ editors HOUSTON, Apr. 27 -- Continental Energy Corp., Dallas, has formed TXX Energy Corp. as a wholly owned subsidiary to pursue exploration and production projects and obtain exploration leases in the US.
Continental Chairman and Chief Executive Officer Richard L. McAdoo said the company's main focus continues to be Indonesia. Continental wants to diversify its asset base and establish US oil and gas production.
McAdoo said Continental is evaluating several opportunities in Texas.
