Sentry Petroleum Updates Web Site with Video from Independent Expert, Dr. Charles Barker
March 11 2011 - 9:15AM
Business Wire
Sentry Petroleum Ltd (OTCBB:SPLM) today announced the release of
a video interview with Dr. Charles Barker, Independent coal seam
gas expert. The interview is available on the company's web site at
http://www.sentrypetroleum.com/presentations/sentry-video-presentations/
Sentry’s Geosciences Team has delineated a potential 2,000
square mile of interbedded coal and carbonaceous shale estimated at
up to 50 feet and 300 feet, respectively, in what appears to be the
thickest portion of the deposit. Mud logs also clearly indicate the
presence of gas at optimal production depths between of 300 to
1,600 feet. Dr. Barker is currently engaged by Sentry to assess the
company’s potential coal seam gas deposit and in the video he talks
about the development of these potential deposits and how the gas
in such deposits is currently being produced in Queensland.
Sentry's 6.9 million acres of prospective leases are located in
one of the hottest energy markets in the world. Some of the
region’s largest energy companies including Royal Dutch Shell
(NYSE:RDS) ConocoPhillips (NYSE:COP) and PetroChina (NYSE:PTR) have
secured interests in the region, all through acquisition of junior
companies like Sentry. Queensland, is located in a politically
stable country governed by the rule of law, has a very favorable
fiscal regime, and is located adjacent to the fastest growing
energy market in the world, Asia.
Cautionary Note: The Company cautions that the estimated
quantities of coal and carbonaceous shale disclosed in this press
release represent an estimate of the potential of the noted permit
areas based strictly on a review of technical data that is publicly
available and are not intended to be construed in any manner as an
estimate of any classification of reserves. Further appraisal is
required before any estimated classification of reserves can be
compiled. The Company’s upcoming appraisal drilling campaign is
being undertaken in order to build the necessary data to be able to
compile an estimate of reserves and make a later determination as
to whether any noted reserves can be produced economically. There
is risk that our upcoming appraisal drilling campaign will not be
able to confirm the Company’s findings from its review of publicly
available technical data. The Company cautions that the results
achieved by other companies operating in the region do not in any
way indicate the presence of a commercially viable mineral deposit
or oil and gas reserves on any of the Company’s permits. Further
exploration is required in order to be able to make a reserve
estimate should the Company succeed in establishing that a
commercially viable mineral deposit or oil and gas reserves exists
on any of its property interests.
About Sentry Petroleum:
Sentry Petroleum Ltd is an American energy company with 10,600
square miles of oil, gas and coal seam gas rights in Queensland,
Australia. The company has identified over 50 separate oil, gas and
coal seam gas targets and leads within its permit area. Sentry
Petroleum’s strategy is to drill the prospects and leads and
independently certify the results. The company will continue to
leverage its strengths with a vision of becoming a premier
independent oil and gas company positioned for merger or sale. For
more information, please visit www.sentrypetroleum.com.
Forward-Looking Statements:
This release includes certain statements that may be deemed to
be “forward-looking statements” within the meaning of applicable
legislation. Other than statements of historical fact, all
statements in this release addressing future operations,
undiscovered hydrocarbon resource potential, exploration, potential
reservoirs, prospects, leads and other contingencies are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results may differ materially from
those in the forward-looking statements due to factors such as
market prices, exploration successes, continued availability of
capital and financing, and general economic, market, political or
business conditions. Please see our public filings at
http://www.sec.gov and http://www.sedar.com for further
information.
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