Sentry Petroleum Ltd (SPLM)

[kingcash5454]

Better ask Alan Hart or Raj Imwithyourmoney about the prospects of SPLM. If you could ever find them that is.

I lost my a$$ on this garbage and I know I'm not alone. This was a scam from the start and a lot of investors got on board, or rather, got bent over.

Best of luck. You're going to need it.

[Tuck1]

Has anyone heard anything? I was foolish enough last summer to think we'd be in tall cotton by now. Boy was I wrong on this one. Is there any hope?
Tuck1

[diannedawn]

We'll be waiting...
:)
and Thanks!

[MU_Redskin1]

Run ... SPLM ... RUN ...

I guess I'm going to have to get up the nerve to call these supposed "oil" men ... and see what they have to say.

Details later ... my report can be bought for $25 US at .... LOLOLOLOLOLOL just kidding ...

These idiots piss me off.

GLTA

Red

[eom7]

Will trade on pinks.

[tdbowieknife]

They will still trade, though they will trade on the pink sheets.

Good luck All.

[tdbowieknife]

SPLM going to the pink sheets. Not good. Seems they do not want to have to bother with SEC fillings.

[tdbowieknife]

Wow! So sorry guys! This action by SPLM I have never seen before.. To just up and cancel everything. And it seem they discussed this last January! These guys seem more like gangsters than company executives.

Unbelievable!

[diannedawn]

Are they so stupid they don't know how to change the date?
Or did they really decide this a YEAR ago???

"On or about January 14, 2011"???

WTF!!!

"Company will no longer be a public reporting company, and its securities will cease trading on the OTC Bulletin Board."

A lot of companies are non-reporting...
why are they ceasing to trade?

[eom7]

8K - Our board of directors has unanimously passed a resolution to voluntarily terminate the registration of our common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended. On or about January 14, 2011, in accordance with the resolutions adopted by the Board of Directors, the Company intends to file a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission (the “Commission”) to effect the deregistration of its common stock. Upon the filing of the Form 15, the Company’s obligations to file certain reports with the Commission, including Forms 10-K, 10-Q and 8-K will immediately be suspended. The Company expects the deregistration of its common stock to become effective ninety (90) days after filing the Form 15 with the Commission or within such shorter time as the Commission may direct. Upon the effectiveness of the deregistration of the Company’s common stock, the Company will no longer be a public reporting company, and its securities will cease trading on the OTC Bulletin Board.

[gail]

it wants to run, look how its acting.

[MU_Redskin1]

Very thin ask ... with some volume this could run into the .30's then clear skies to .80's ...

If we had another 2 million share day it could get past $1.00 I believe ... I hope the put out some news soon !!!

GLTA

Red

[BOOYAHH!]

gonna be huge go splm

[gail]

nice buys coming in now for splm.

[MU_Redskin1]

Looks like someone bought up the cheapies last week and now we are back to the doldrums ... geez why can't we get an update SPLM?

King didn' that IR guy say something would be released soon when you last spoke to him? sheesh ...

Back to waitin' on some news to get 'er movin' again ... GLTA

Red

[gail]

you really dont want my answer to that.

[AmericaTheBrave]

It is a cuestion of honor to buy the ASK. ;)
Do you really think this is a good company to buy at the moment? Tell me sth about it. I have seen the price of this stock decline a lot over the last months.

When looking at the chart, and thinking, that there will be some war-activity in a few weeks down in Iran, then I think the oil-companies will go supernova. That's my reason why to buy here. .. and b/c it is really cheap ATM.

[gail]

ask side is thinning now..

[gail]

bid still creeping up, just pay the..

..

ask, it will run faster that way.

[gail]

bids moving up...

[AmericaTheBrave]

Hi Gail, cool to see you over here ;)
I will give it a try tomorrow. Let's play this one together again. BTW: I am still in Triton, even though we are seeing hard times over there... but: Hope never dies. I have time.

Good luck to us

[diannedawn]

We have relied principally on the issuance of our common stock in private placements to raise funds to support our business

Yep! and unlike many companies, they seem to be able to find "private placements"!
I think that's a good thing...

Dilution is a reality of any start up company.

[gail]

splm, L2 has a few in the 20s and the the 80s.. wow.

[gail]

splm- .20s are up!!

[gail]

splm hitting .19-- .20s coming up!!

[gail]

quiet board yet huge stock activity, wow!

[gail]

in splm. lets do this.

[AmericaTheBrave]

Is it still a good time to enter here above 0.2? Or might I already have missed my turn?

[hondaboost]

We do not have sufficient capital to satisfy the required future exploration expenditures needed to maintain our four ATP permits in good standing and we will rely principally on the issuance of common stock to raise funds to finance the expenditures that we expect to incur. Failure to raise the required funds to complete our commitments will result in the failure to meet our obligations and the relinquishment of one or more of our permits. We have relied principally on the issuance of our common stock in private placements to raise funds to support our business, [/quote

Either Vast Dilutions or Down to earth!

[hondaboost]

All was plan which has Never and will Never been achieved, At All!


All but a pump and dump!

[hondaboost]

The company needed to raise something like $20 Million in order to keep their leases.

Now, it seems that they are never able to raise the cash and might lose all their assets.

And so the stock will go Sub-pennies as they lose all assets.

The managements have done Nothing so far, Except spending the shareholders' money.

Be very careful with this Pump and dump: the past didn't mean anything as it was just a pump and dump.

[MU_Redskin1]

52 week range $.08 - $3.63

10% recovery of high = $ .363
25% recovery of high = $ .9075
50% recovery of high = $1.815

Nice risk/reward shaping up ...

Red

[diannedawn]

Yeah... it sure would be nice if they'd keep us apprised of the situation...
Maybe NEXT year, hey? :)

I wish I'd picked up a few more at 12¢
but I wasn't sure that was the bottom...

Time will tell.

[MU_Redskin1]

We have been waiting on lab results to reveal if there are commercial amounts of gas in the last well cores. Maybe we had good results? Somebody bought 151,000 +/- at .12 that's a hunk of change for somebody to be just speculating?

Tough to know as this management has been MUM ...

GLTA

Red

[CHE202]

Are all the Shareholders in the dark or is it just me?
Is anyone feeling bold enough to call the close?
Thanks

I am a shareholder of SPLM.

[diannedawn]

Only 1 other day in the past year that this many shares traded...
interesting...no?

[diannedawn]

Is this perhaps just the Sykes and Reaper crowd covering their shorts?

Whatever the cause, it's nice to see it moving in the right direction :)

Happy New Year to ALL...
Maybe 2012 will be the year that these folks
get their act together!

we can dream, can't we...

[TechnoAnalyst]

Possibly i wish i would have gotten in at .12s was up 100% from that...

[davidsson10]

Routine chart speculation, fueled by active traders constantly on the prowl for opportunities to exploit the retail crowd, and one another.

[Bucks4Buckeyes]

What's the cause for the jump?

Insiders/filings/drilling results?

All The Best

[TechnoAnalyst]

SAW $SPLM @ 10am trading at .12s now up 177%...

[MU_Redskin1]

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


Check the DD in the IBox that will give you an idea of the potential.

Red

[lightbeam]

Thanks Red. Will be watching this.

[MU_Redskin1]

Maybe there is good news from the drilling campaign? I've been looking for news but noting, but this is a LOW FLOAT stock.

Red

[lightbeam]

What is going on here????

[TechnoAnalyst]

$SPLM - popped active around 1000 est and now is up 71%, bottom play looking to make a huge move...alerted at .12s now .16s...

[MU_Redskin1]

Block of 146,896 bought @ .12 10:51

WOW ...

[MU_Redskin1]

Looks like someone's nibbling this morning. I wonder if somebody knows something? If we get through the .12's this could be a little run?

GLTA

Red

[MU_Redskin1]

Plan of Operation - 10QA 12/16/2011

Looks like they better get their act together soon ...

http://ih.advfn.com/p.php?pid=nmona&article=50458201

Our plan of operations for the next twelve months is to continue our work obligations on ATP 862, 864, 865, and 866 in the Adavale basin in Queensland Australia and to continue our assessment of various onshore exploration permits in Australia and Asia.

To further explore the delineated coal and carbonaceous shale deposit in ATP 862 and 864, we plan to drill eight to ten wells by March of 2012, assuming we are able to secure sufficient financing. This program will quantitatively measure original gas in place using canister desorption and core logging methods and we will commence flow testing of one or two of the wells. In addition to exploration of the coal and carbonaceous shale deposit we intend to drill two well to flow test the Winton Sandstone interval intercepted during drilling of Albilbah_CSG1 and we intend to acquire additional seismic data. We expect that in total these activities would cost $10 million. We do not have sufficient funds to complete such activities, however will require additional funding for any future exploration or appraisal work.

In ATP 865 and 866, we plan to undertake a seismic program to advance our prospects during the next 6 months assuming we are able to secure sufficient financing. We further plan to drill one conventional well, the Ravenscourt, to test the Etonvale Formation at a depth of approximately 1,700 meters (5,580 feet) downdip from the Rosebank-1 well and will be targeting a thicker carbonate section. We expect that such activities would cost $3.5 million . We do not have sufficient funds to complete such activities, however will require additional funding for any future exploration or appraisal work.

Our work program includes acquisition of seismic data and drilling of additional wells. The time to complete the acquisition of seismic data and drilling of wells depends on, among other things, the availability of personnel and equipment in Queensland. The associated costs will be determined by the depth of the wells and the amount of seismic data to be acquired.

In addition to our current permits, we are continuously investigating additional opportunities in Queensland and other parts of South-East Asia.

We do not have sufficient funds to carry out our plan of operations for the next twelve months. We rely principally on the issuance of common shares by private placements to raise funds to finance our business. There is no assurance that market conditions will continue to permit us to raise funds when required. If possible, we will issue more common shares at prices we determine, possibly resulting in dilution of the value of common shares.

With our ATP 862, 864, 865, and 866, we are obliged to complete proposed work programs to maintain our interests in good standing. As of August 31, 2011 our committed expenditures over the next year total $19.5 million. However, the completion of the work program is determined for each permit individually and there is no cumulative analysis on work completed.

The following table details the capital expenditure required by February 28, 2012 for us to maintain good standing on our four permits:

ATP 862 ATP 864 ATP 865 ATP 866

Deep Upholes $305,000 $305,000 $- $-
Seismic Reprocessing 406,000 137,000 142,000 142,000
Shooting of Seismic 2,035,000 2,035,000 1,017,000 1,017,000
Drilling of Petroleum wells 2,797,000 2,797,000 2,797,000 3,560,000

$5,543,000 $5,274,000 $3,956,000 $4,719,000



We do not have sufficient capital to satisfy the required future exploration expenditures needed to maintain our four ATP permits in good standing and we will rely principally on the issuance of common stock to raise funds to finance the expenditures that we expect to incur. Failure to raise the required funds to complete our commitments will result in the failure to meet our obligations and the relinquishment of one or more of our permits. We have relied principally on the issuance of our common stock in private placements to raise funds to support our business, but there can be no assurance that we will be successful in raising additional funds through the issuance of additional equity. We have planned and budgeted for the required work and at the date of this report have sufficient time to complete most of the required work prior to February 28, 2012 provided that we are able to obtain sufficient financing on a timely basis.

We do not expect any significant purchases of plant and equipment or any increase in the number of employees in the near future.

We anticipate incurring expenses of approximately $19 million over the next 12 months for our exploration program. There can be no guarantee that we will be able to secure the necessary financing and equipment to undertake the work program within the anticipated time frame. If we are unsuccessful in securing sufficient financing and equipment we may be subject to relinquishment of any one or all of our existing permits.

[kingcash5454]

That is exactly what I mean.

Listening to this presentation, at the time, gets you all hyped up, like SPLM has got it totally together. No problem.

What happened? Was it all BS?

$3.63 to 0.09 ??!!?!? that = going down the drain

And still no word from the company.