Sentry Petroleum Updates Drill Testing Schedule
August 09 2011 - 11:27AM
Business Wire
Sentry Petroleum Ltd (OTCBB:SPLM), (“Sentry” or the “Company”),
a U.S. energy company with oil, gas and coal seam gas rights in
Queensland, Australia is pleased to provide the following update on
its drilling exploration and appraisal work on ATP 862 and ATP 864
in Queensland Australia.
Sentry Petroleum has now completed the drilling of two Coal Seam
Gas wells on ATP 862. The wells, Talundilly_CSG1 and
Albilbah_CSG1 reached depths of 1,430 feet and 1,555 feet,
respectively. In Talundilly_CSG1, 833 feet of core were cut, out of
which 51 feet of coal and carbonaceous rock were canistered for gas
desorption in 21 samples. Gas desorption is still ongoing as
gas was found in all the canistered core samples. The Company
expects this process to be completed for the Talundilly_CSG1 during
the coming week. The Company further advises that isotherms will be
obtained on selected coal and shale samples.
In Albilbah_CSG1, 472 feet of core were cut, out of which 35
feet of gaseous coal and carbonaceous rock were sealed in 20
canisters for desorption measurement. In addition, the lower Winton
Sandstones were found to contain free gas and 20 feet of these
cores were also canistered and evolved gas is being measured. Once
these measurements are completed during the coming weeks the cores
will be sealed and sent to a laboratory for routine core analysis
to measure porosity, permeability and residual fluid saturation.
The wireline logs from the previously drilled Albilbah-1 also
indicate the presence of gas in these sands over a 128 feet
interval starting beneath the last coal.
The Company’s coalbed gas content measurements are using the
direct method which is the preferred method in coalbed methane and
gas shale resource assessment. The direct method physically
measures the volume of gas released over time from a core sample
sealed into a desorption canister—termed the measured gas
content. Adjustments are made to the measured gas content to
account for gas lost prior to the core being placed in the
desorption canister and for residual gas remaining in the core at
the completion of the desorption period. The process of acquiring
the measured gas content generally requires four to five weeks.
Upon completion of the gas desorption results will be forwarded for
independent certification.
The Company further advises that pictures from the well sites,
including core samples can now be viewed on the corporate web site
at www.SentryPetroleum.com.
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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