Sentry Petroleum Appoints Leading Exploration Professionals
02 Marzo 2009 - 11:51AM
Marketwired
Oil and gas exploration company Sentry Petroleum Ltd. (OTCBB: SPLM)
is pleased to announce the appointment of Dr. Mike Middleton as
Exploration Manager and Mr. Sandy Belford as Chief Geophysicist,
effective immediately.
President and CEO Dr. Raj Rajeswaran commented, "Dr. Middleton
and Mr. Belford have joined the Company to lend their invaluable
expertise in continuing the detailed seismic analysis initiated by
MBA Petroleum Consultants last fall. To date we have made several
important advances on ATP 865 that have significantly increased our
confidence in the discovery potential for the permit. We believe
that with their exceptional expertise in the region Mike and Sandy
are the best people to bring these projects to drillable targets.
We are delighted to welcome them to our management team."
Dr. Middleton has 35 years experience in the petroleum industry
with such companies as Amoco and ECL (Exploration Consultants
Limited), and such organizations as Chalmers University (Nordic
Energy Ministry-Scandinavia), and Curtin University of Technology
(Australia), both leading oil and gas universities in the
world.
Mr. Belford has extensive exploration background accumulating
over 20 years of work with such firms as Mobil, Woodside Energy,
and Hardman Resources. His primary expertise is 2D and 3D seismic
interpretation including exploration prospect generation and
evaluation. He has been instrumental in total discoveries of
approximately 200 million barrels of oil equivalent from
exploration projects throughout the Australasian region.
Dr. Middleton commented, "The opportunity to work with such a
dynamic and high calibre management team was something that
immediately attracted me to Sentry. The Company has amassed a
leading land bank in the commercially proven Adavale basin. They
have defined a number of prospects and several of these hold great
potential for the commercial discovery of oil and gas. My initial
work on the permits has crystallized my beliefs and I am delighted
to have this position and the opportunity to create significant
shareholder value."
Mr. Belford commented, "I am excited by the potential of the
acreage portfolio, and look forward to working with Dr. Middleton
and the management team to bring this potential to its full
fruition."
CFO Arne Raabe commented on the appointments, "We are seeing
strong merger and acquisition activity in the Queensland basins
with recent deals valued in the AU$ billion range. Being able to
attract two gentlemen with Dr. Middleton and Mr. Belford's
expertise, background, and relationships enhances the opportunities
available to us. We are very excited about making this announcement
on the first day of our fiscal year and feel confident that we will
continue to grow our business throughout the next 12 months."
In other company news Mr. Alan Hart has assumed the position of
VP of Exploration and Mr. Arne Raabe has assumed the position of
Chief Financial Officer. The board of directors wishes to thank Mr.
Maheswaran for his counsel during his time on the board of
directors and as the CFO of the company. Mr. Maheswaran tendered
his resignation as CFO and director of Sentry Petroleum on February
26, 2009 for personal reasons.
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 800.477.7570
Email Contact
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