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www.sentrypetroleum.com/
Sentry is ideally located to take advantage of a geographical imbalance between Australia’s primary source of oil production and its domestic demand. According to Energy Information Administration (EIA) estimates, in 2009, Australia had net oil imports of about 360,000 bbl/d, close to 40 percent of its domestic consumption. The high proportion of imports as a share of total oil production reflects the location of the majority of Australia’s oil production off its northwest coast. This production is closer to Asian refineries than to Australia’s major domestic consuming markets on the east coast. As a result of this imbalance any oil produced on Sentry’s permits can quickly be tied into the pipeline infrastructure and supplied directly to the demand centers on the east coast.
According to The Oil and Gas Journal (OGJ), Australia had 3.3 billion barrels of proven oil reserves as of January 1, 2010, more than double the 2009 OGJ estimate of 1.5 billion barrels. Increases in reserve estimates are reportedly based on additional oil liquids reserves, mainly natural gas liquids and other liquids, discovered through the ongoing drilling taking place in already producing oil and natural gas basins.
Watch Sentry Petroleum Videos Here: www.sentrypetroleum.com/presentations/sentry-video-presentations/
Sentry Petroleum – Shares Outstanding: 46,325,600
Fully Diluted: 47,150,600
Insiders/Shareholders
| Sentry Petroleum as of 02/28/2010 | Shares |
| Sentry Petroleum Management Group | 10,000,000 |
| Other Shareholders | 36,325,600 |
| Total Shares | 46,325,600 |
Outstanding Director/Management Options – 825,000
| Expiry Date | Sentry Petroleum Stock Options | Exercise Price (US$) |
| February 2014 | 825,000 | $1.04 |
| Total Options | 825,000 | $1.04 |
Outstanding Warrants – None Issued
| Expiry Date | Sentry Petroleum Warrants | Exercise Price (US$) |
| None Issued | 0 | $0.0 |
| Total Options | 0 | $0.0 |