Continental Energy

We are dedicated to developing hybrid renewable electrical power generation capacity and profitably operating mini-grid distribution networks in the vast and under-served markets of the rapidly growing economies surrounding the Indian Ocean Rim.

The objectives of the Global Sullivan Principles are to support economic, social and political justice by companies where they do business; to support human rights and to encourage equal opportunity at all levels of employment, including racial and gender diversity on decision making committees and boards; to train and advance disadvantaged workers for technical, supervisory and management opportunities; and to assist with greater tolerance and understanding among peoples; thereby, helping to improve the quality of life for communities, workers and children with dignity and equality.

I urge companies large and small in every part of the world to support and follow the Global Sullivan Principles of corporate social responsibility wherever they have operations.

Principles

As a company which endorses the Global Sullivan Principles we, Continental Energy Corporation, will respect the law, and as a responsible member of society we will apply these Principles with integrity consistent with the legitimate role of business. We will develop and implement company policies, procedures, training and internal reporting structures to ensure commitment to these principles throughout our organization. We believe the application of these Principles will achieve greater tolerance and better understanding among peoples, and advance the culture of peace.

Accordingly, Continental Energy Corporation will:

• Express our support for universal human rights and, particularly, those of our employees, the communities within which we operate, and parties with whom we do business.
• Promote equal opportunity for our employees at all levels of the company with respect to issues such as color, race, gender, age, ethnicity or religious beliefs, and operate without unacceptable worker treatment such as the exploitation of children, physical punishment, female abuse, involuntary servitude, or other forms of abuse.
• Respect our employees’ voluntary freedom of association.
• Compensate our employees to enable them to meet at least their basic needs and provide the opportunity to improve their skill and capability in order to raise their social and economic opportunities.
• Provide a safe and healthy workplace; protect human health and the environment; and promote sustainable development.
• Promote fair competition including respect for intellectual and other property rights, and not offer, pay or accept bribes.
• Work with governments and communities in which we do business to improve the quality of life in those communities – their educational, cultural, economic and social well-being – and seek to provide training and opportunities for workers from disadvantaged backgrounds.
• Promote the application of these principles by those with whom we do business.
• We will be transparent in our implementation of these principles and provide information which demonstrates publicly our commitment to them.

Management

Our management team consists of a seasoned group of former Fortune 500 executives with many years of international, on-the-ground, business operating experience, and the know-how to get things done in demanding foreign environments. Long experience also provides us a thorough understanding of what commercial financiers require. We are building a sound and reliable organization operated on IFRS accounting standards and international standards of environmental and social responsibility.

Richard L. McAdoo, Chief Executive Officer and Chairman of both CEC and Ruaha Power. An American geologist and long time resident of Indonesia.

Robert V. Rudman, Chief Financial Officer and Director of CEC. A Canadian CPA and long time resident of Florida, USA.

Phillip B. Garrison, Director of both CEC and Ruaha Power. An American CPA and long time resident of Dubai.

John A. Tate, Director of both CEC and Ruaha Power and Director and CFO of Ruaha Power. An American CPA, CIA, CGMA, and long time resident of Tanzania.