Exhibit 99.1

                                 MEDIA ADVISORY

            OCEANIC EXPLORATION FILES SUIT AGAINST CONOCOPHILLIPS AND
            COMMERCIAL AUTHORITIES ESTABLISHED BY THE GOVERNMENTS OF
                       AUSTRALIA, INDONESIA AND EAST TIMOR

         WASHINGTON, D.C. - Oceanic Exploration Company and its subsidiary
Petrotimor Companhia de Petroleos, S.A.R.L have filed a lawsuit, including
charges of civil RICO and antitrust violations, against ConocoPhillips and
commercial authorities established by the governments of Australia, Indonesia
and East Timor. Filed in the United States District Court for the District of
Columbia at 9:00 AM EST, Monday, March 1, 2004, the 100-page complaint addresses
allegations of theft, conversion and bribery pertaining to Oceanic's oil and gas
rights in the East Timor Sea. Damages claimed are $10.5 billion, which would be
trebled under the involved statues.

         The complaint must be obtained through the District Court's online
service at http://www.dcd.uscourts.gov/instant-Pacer-reg.pdf. If the news
organization does not already have a subscription, interested media may register
through https://ecf.dcd.uscourts.gov/cgi-bin/login.pl where an access fee will
be charged.

U.S. PR contact:                         Australia PR contact:
Tracy Williams/Jeremy Morgan             Mark Rudder, Director
Casey Sayre & Williams                   Cosway Australia Communications Counsel
(310) 396-2400                           61 2 9929 8344
twilliams@cswpr.com                      markr@coswaypr.com.au
jmorgan@cswpr.com