Sentry Petroleum Initiates Seismic Analysis on ATP 865 and Advances 2008 Exploration Strategy
11 Agosto 2008 - 5:05PM
Marketwired
Oil and gas exploration company Sentry Petroleum Ltd. (OTCBB: SPLM)
announced today that it has commenced seismic data analysis on ATP
865 for the Company's upcoming 2008 exploration program. MBA
Petroleum Consultants, a leading independent evaluator, has been
retained to provide an assessment of ATP 865 and the Company's
existing leads and prospect. MBA is presently loading and
re-processing over 3,400 line kilometres of seismic data over ATP
865. In 2008 dollar terms this represents over US$25 million in
seismic data across 1.68 million acres in the heart of the Adavale
Basin in Queensland, Australia.
Sentry Petroleum President and CEO Dr. Rajeswaran commented,
"MBA Petroleum Consultants is one of Australasia's leading
independent petroleum consultancies. We have retained them for
their expertise and independence. MBA will provide investors and
industry partners an unbiased third-party assessment of our assets
while giving Sentry and its shareholders an excellent understanding
of the potential of ATP 865 and the leads and prospect uncovered to
date."
Sentry Petroleum Director and Head of Exploration Alan Hart
concluded, "Our earth sciences team have completed initial due
diligence work on ATP 865. We know that the basin contains Middle
Devonian reefs which are prolific producers in other basins
worldwide and a gas field in clastic reservoirs immediately north
of ATP 865. Both MBA Petroleum Consultants and our technical team
agree that the potential that other gas fields exists in this large
prospective permit is significant."
About Sentry Petroleum
Sentry Petroleum is a junior oil and gas exploration company
focused in Asia. The company's mission is to secure large land
positions with drill ready prospects in the regions of the world
with the most promise for large scale discovery. The Company will
continue to leverage its strengths with a vision to become a
premier independent oil and gas company.
About MBA Petroleum Consultants:
MBA Petroleum Consultants provides independent valuations for
oil and gas assets. The firm utilizes a large group of experienced
associates with a wide range of skills and has a comprehensive
strategy for assessing the potential reserve of assets, using
state-of-the-art industry technology and a comprehensive strategy
for assessing chance of success (COS).
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 www.sec.gov
and www.sedar.com for further information.
Contact: Investor Relations 866.680.7649 Email Contact
www.sentrypetroleum.com Philippe Niemetz PAN Consultants Ltd. 14
Wall Street, 20th Floor New York, NY 10005 212.344.6464 or
800.477.7570 Email Contact
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