SENTRY PET : Sentry Petroleum Retains Leading U.S. Coal Seam Gas Expert
02/22/2011 | 11:05am
Sentry Petroleum Ltd. (OTCBB:SPLM) advised today that the company has
engaged world-renowned coal seam gas expert Dr. Charles Barker of Coal
Ltd of Denver Colorado. Dr. Barker was retained to review and
independently assess Sentry's potential 2,000 square mile coal and
carbonaceous shale deposit in ATP 862 and ATP 864 in Queensland
Australia.
President and CEO Dr. Rajeswaran commented on the engagement, ?Having
regard to the coal seam gas potential we have uncovered within our
permits in Queensland we are moving expeditiously to capitalize on this
opportunity. Keeping in line with our corporate philosophy of only
working with professionals of the highest calibre, we have retained Dr.
Barker. His reputation speaks for itself and precedes him. Dr. Barker is
both highly sought after and well respected throughout the industry. We
are delighted to have him working with us and look forward to reporting
on his findings as soon as they become available.?
Commenting on the potential 2,000 square mile coal deposit and the
mandate for his engagement, Dr. Barker noted, ?The large areal extent,
thickness of coal swamp deposits and related gas shows indicate the
potential for a massive gas-bearing coal and carbonaceous shale deposit
within Sentry's northern permits. The indicated gas resource is at
optimal depths for coal seam gas development. This coal and shale based
resource, if proved to be gas saturated, would be a ?world-class?
deposit. I have waited my whole career for the opportunity to take a
measured scientific approach to explore a coal sequence without the
limitation of lease boundaries and, as I see it, here it is.?
About Dr. Barker
Dr. Charles Barker received his Masters Degree from the University of
California, Riverside and was awarded his Ph.D. from the University of
Adelaide, South Australia for work in thermal maturation and gas
generation from coal. Dr. Barker has spent most of his career in the
Coal Seam Gas sector, both privately and with the US Geological Survey
Energy Resources Team. He has served as Chairman of the Coal Geology
Division of the Geological Society of America, and Presidents of both
the Society for Organic Petrology and the Society for Luminescent
Microscopy and Spectroscopy. He has received several environmental and
presentation awards for his coal seam gas work. Dr. Barker's specific
expertise lies in project management with 20 years experience in
exploration management and coal seam gas resource assessment
methodology, including, source rock evaluation, prospect generation,
drilling and gas in place evaluation of coalbed gas prospects.
Cautionary Note: The Company cautions that the estimated quantities of
coal and carbonaceous shale disclosed in this press release represent an
estimate of the potential of the noted permit areas based strictly on a
review of technical data that is publicly available and are not intended
to be construed in any manner as an estimate of any classification of
reserves. Further appraisal is required before any estimated
classification of reserves can be compiled. The Company's upcoming
appraisal drilling campaign is being undertaken in order to build the
necessary data to be able to compile an estimate of reserves and make a
later determination as to whether any noted reserves can be produced
economically. There is risk that our upcoming appraisal drilling
campaign will not be able to confirm the Company's findings from its
review of publicly available technical data.
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 Ltd.
Investor Relations 866.680.7649
ir@sentrypetroleum.com
www.SentryPetroleum.com
or
PAN
Consultants Ltd.
Philippe Niemetz
212-344-6464 or 800-477-7570
p.niemetz@panconsultants.com
© Business Wire 2011
