Sentry Appoints Leading Petroleum Consultancy to Certify Reserves
April 08 2011 - 9:50AM
Business Wire
Sentry Petroleum Ltd. (OTCBB:SPLM) announced today that
Denver-based MHA Petroleum Consultants has been engaged as Sentry’s
certifier for its prospective gas resource in Queensland,
Australia. Sentry maintains a 100% working interest in ATP 862 and
ATP 864 that contain the potential 2,000 sq mile coal seam and
shale gas deposit. MHA has an outstanding track record of petroleum
consultancy and considerable experience with Coal Seam Gas projects
in Queensland, Australia.
Founder and VP of Exploration, Alan Hart commented: “MHA is one
of the leading Petroleum Consultants in the world and they have
specific expertise in the Queensland basins. They have completed
reserve certification for Origin Energy, Arrow Energy, and Pure
Energy, to name a few. We will be working closely with their
technical team in order to optimize our upcoming drilling appraisal
program.”
About MHA Petroleum Consultants
MHA Petroleum Consultants Inc. is licensed to perform reserve
and economic valuations. They provide a broad range of services
ranging from single well valuations to fully integrated field
studies. Their areas of particular expertise include reservoir
simulation, reservoir characterization, 3D reservoir geological
description, reserves studies, corporate planning and reporting,
acquisition and divestments, identifying optimal field development
plans, technology transfer and training, and litigation
support.
They have represented over 130 clients, including Origin Energy,
Arrow Energy and Pure Energy in Australia.
MHA’s technical experts are professionally registered, and
typically have 20–30 years’ experience in almost every major
petroleum province throughout the world.
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.
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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