Sentry Petroleum Files Conventional Oil & Gas Resource Review under Form 8-K With United States Securities & Exchange Commission
April 01 2011 - 12:30PM
Business Wire
Sentry Petroleum (OTCBB: SPLM) announced today that it has filed
under Form 8-K the report titled ‘Independent Review of
Conventional Petroleum Accumulations in ATP 865P, Queensland,
Australia’ with the United States Securities and Exchange
Commission. The 51-101 compliant report was prepared by Resource
Investment Strategy Consultants as previously disclosed on March
9th 2011.
All shareholders and interested parties can access the report at
http://www.sentrypetroleum.com/projects/conventional/permits/atp-865/
The Company cautions that the estimated quantities of barrels of
oil equivalent by Resource Investment Strategy Consultants’
disclosed in this press release represent an estimate of the
potential of Sentry’s conventional oil and gas assets in ATP 865
based strictly on a review of technical data that is publicly
available and is 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.
About Resource Investment Strategy Consultants
The Company was founded in 1994 to provide independent advice to
companies associated with the oil and gas industry. Today they have
grown to 40 highly experienced professional staff and have offices
in Perth and Brisbane, Australia and London, UK. Long recognised as
the pre-eminent oil and gas consultancy in Australia, RISC has now
grown to become the International consultants of choice. They have
completed over 1300 assignments in over 68 countries for nearly 500
clients. Since January 2000, the company has been the principal
technical and economic advisor on transactions whose total value
has exceeded US$220 billion.
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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