Sentry Petroleum Identifies Four Leads and One Drill-Ready Prospect -- Updates 2008 Exploration Campaign
04 Settembre 2008 - 3:00PM
Marketwired
Oil and gas exploration company Sentry Petroleum Ltd. (OTCBB: SPLM)
announced today that it has identified four leads and one prospect
within ATP 865.
Sentry Petroleum Executive Director and Head of Exploration Alan
Hart commented, "We are well into our geophysical analysis on ATP
865 and are pleased with our progress. We have identified four
leads within the permit; Bilby, Carney, Gibber and the Kopi and a
large drill-ready prospect, the Sherwood Park. A gas field has been
established in clastic reservoirs at Gilmore immediately north of
our permit and there is a building consensus that there will be
other similar gas fields in this large prospective basin."
Sentry President Dr. Rajeswaran advised, "The basin contains
source, reservoir and seal in a variety of structural habitats and
includes middle Devonian reefs which are prolific producers in
other basins worldwide. Proximal discoveries at Gilmore and Kenmore
total 15 billion cubic feet of gas and six million barrels of oil
respectively. These successes speak to the prospectivity of ATP 865
and the leads we have identified to date."
Dr. Rajeswaran continued, "ATP 865 is ripe with opportunity and
will give Sentry Petroleum and our shareholders several shots at
exploration drilling success. Upon completion of MBA's independent
geological and geophysical data analysis we anticipate the
identification of several additional leads and prospects."
A spokesperson for Sentry advised that the company is also
high-grading the Sherwood Park prospect. Sherwood Park is a large
(17 sq km) erosional remnant at the top of the Adavale sequence.
The structure was created by erosion of the westerly dipping
Buckabie Formation with major channelling creating closure to the
east and seal provided by Upper Permian Bandanna/Early-Mid-Jurassic
Poolawanna Formation shales.
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.
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.
Distributed by Filing Services Canada and retransmitted by
Marketwire
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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