Monday, February 28, 2011 5:57:25 PM
>>> Another multi Billion dollar gas deal has been struck this weekend in close proximity to Sentry's newly discovered 2,000 square mile potential coal seam gas deposit. Major Chinese firm Sinopec (NYSE:SHI) just inked a coal seam gas agreement with an estimated valued of $100 Billion with Australian junior coal seam gas operator Origin Energy and its U.S. listed partner ConocoPhillips (NYSE:COP). This is a fantastic number and we believe reflects positively on the potential gas deposit we have uncovered. The size and frequency of transactions continue to accelerate.
Our newly retained Denver based coal expert, Dr. Charles Barker commented when speaking of the potential of our assets “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.”
We are extremely pleased with the transaction and the speed with which our company is growing. <<<
An article in the Wall Street Journal detailing the ConocoPhillips - Sinopec agreement can be found here.
http://online.wsj.com/article/SB10001424052748704150604576165942791759056.html?
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