Sentry Petroleum Completes Drilling of First Coal Seam Gas Well – Reacquires 100% in ATP 865 and ATP 866
27 6월 2011 - 10:15PM
Business Wire
Sentry Petroleum Ltd (Pink Sheets: SPLM), (“Sentry” or the
“Company”), a U.S. energy company with oil, gas and coal seam gas
rights in Queensland, Australia is pleased to announce that
drilling of the Talundilly-CSG1 well in ATP 862 in Queensland was
completed on the 24th of June. The well encountered 12.7m of net
coal which were canistered immediately for gas desorption
measurements. Gas was observed from the coal cores, however it is
too early to make any conclusions as to the commerciality of the
deposit until the desorption tests have been completed. The
wireline logs confirm the coal thickness. The rig is now moving to
the Albilbah-CSG1 location, 37km from the Talundilly-CSG1 well and
drilling is expected to commence on Monday 4th of July.
In other news, Sentry is pleased to announce that it has
reacquired all of its oil, gas and coal seam gas rights in ATP 865
and ATP 866 in Queensland Australia from Sino American Oil Company.
This option was granted to Sino American Oil Company in March 2011.
The option has been terminated without further rights or
obligations from either party. Sentry now retains 100% interest in
all oil, gas and coal seam gas interests over a permit area of
approximately 11,000 sq. miles.
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.
Sentry Petroleum (CE) (USOTC:SPLM)
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Sentry Petroleum (CE) (USOTC:SPLM)
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