Sentry Petroleum Retains Leading Independent Oil and Gas Evaluator
2008-07-29 09:58:00
Sentry Petroleum Retains Leading Independent Oil and Gas Evaluator
DENVER, CO–(EMWNews – July 29, 2008) – Sentry Petroleum (
the formal hiring of independent oil and gas consultancy MBA Petroleum
Consultants as the company’s independent evaluator. MBA Petroleum
Consultants is a leading international consultancy that uses
state-of-the-art technology for assessing the hydrocarbon potential of
exploration assets. The company also provides Independent Expert Reports
for use in listing submissions to exchanges such as the AIM in London and
the Australian Stock Exchange.
Dr. Rajeswaran, Sentry Petroleum President, commented, “MBA and its
principal founders, Doug Barrenger and Wal Muir, enjoy excellent
reputations within the oil industry; MBA is thorough in its analysis and is
independent. Their expertise and independence will provide our
shareholders, investors and industry partners an unbiased assessment of our
assets and potential.”
Commenting on Sentry Petroleum’s assets, Wal Muir, founding partner of MBA
Petroleum Consultants, noted, “Oil and gas were previously discovered and
produced at the Gilmore Field. This play in the Devonian sequences of the
Adavale Basin has been ignored in recent years, yet is a proven hydrocarbon
system. Sentry and MBA are confident that this reappraisal of the basin
will lead to drillable prospects being mapped.”
A Sentry spokesperson advised that MBA Petroleum Consultants is currently
sourcing and loading over 3,400 kilometres of seismic data. These seismic
data will then be integrated with the information from wells drilled within
and near the permit and interpreted using new ideas for plays developed by
both Sentry and MBA.
Dr. Rajeswaran concluded, “Doug has more than 26 years’ experience in the
petroleum industry and has undertaken all facets of geological work, from
wellsite operations to prospect evaluation, risk analysis and basin
analysis. Wal Muir has over 28 years’ experience in the petroleum industry
and specializes in the evaluation of the value and risks associated with
exploration acreage. He has specific experience in the Adavale Basin and
understands the intricacies of its complex geological setting. His skills
in seismic interpretation, risk analysis, play and prospect evaluation will
provide Sentry and our shareholders a degree of expertise unavailable
anywhere else in the world.”
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 Philippe Niemetz |
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