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Continental Resources (USA) Ltd. Updates Its India Status.


HUTCHINSON, Kan. -- Continental Resources (USA) Ltd. reports that it continues to hold discussions with major aluminum producers and officials in the State of Orissa, India in regard to the development of the Gandhamardan Bauxite bauxite (bôk`sīt, bŏk`–), mixture of hydrated aluminum oxides usually containing oxides of iron and silicon in varying quantities.  Deposit. Continental is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Balaton Power Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BPWRF).

Continental representatives have made presentations to major companies, with high levels of interest in the Gandhamardan Bauxite Deposit. Meetings have recently been held in both India and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  with senior executives of major companies. Continental expects that these ongoing discussions will lead to an agreement in regard to the development of the project in the near term.

Continental's India office in Bhubaneswar has been operating for ten months and is currently on schedule with its work program on the bauxite project. Its ongoing field activities have selected several sites for the power plant and refinery locations. Our geologists have prepared reports and maps for submission to the government for the selection and approval of the construction sites. This activity is part of the first phase of the base line study.

Except for historical information contained herein, certain of the statements in this release may be are forward-looking statements that are made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 30, 2006
Words:264
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