Sentry Petroleum Ltd., an exploration stage company, engages in the assessment, acquisition, exploration, and development of oil, gas, and other hydrocarbon properties in Australia and other regions in Austral Asia. Properties The company holds interests in 4 exploration permits covering an area of approximately 6.9 million net acres in the onshore Adavale Basin in Queensland, Australia. ATP 862 and 864 ATP 862 and 864 lie in central Queensland immediately north of the Gilmore Gas field and the Kenmore Oil fields. The permits cover a gross area of approximately 3.6 million acres. Subject to a 7% gross overriding royalty, the company holds a 100% working interest and is the operator. ATP 865 and 866 ATP 865 and 866 lie in central Queensland, Australia and covers an area of approximately 3.2 million acres. Subject to a 7% gross overriding royalty, the company holds a 100% working interest and is the operator. In 2011, the company awarded an option to Sino American Oil Company (Sino). The option gives Sino the right to earn a 70% interest in ATP 865 and 866 by drilling the Ravenscourt-1 to a depth of 1,660 meters and to shoot 100 line kilometers of seismic. History The company was founded in 2006. It was formerly known as Summit Exploration Inc. and changed its name to Sentry Petroleum Ltd. in 2007.
sentry petroleum ltd (SPLM:OTC US)
999 18th Street
Denver, CO 80202
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