Wednesday, March 02, 2011 10:40:04 AM
>>> December 22, 2010 - A Sentry spokesperson advised that the scope of RISC’s independent review would include among other things confirming reasonableness of the resource estimates of oil and gas volumetrics and indicative prospect economics on representative sample of key leads and prospects, estimate EMV and dollars per barrel and dollars per Mcf of gas unit values. The evaluation is expected to be completed in the first quarter of 2011 with Sentry’s 2011 appraisal drilling campaign to commence thereafter in March.
Dr. Rajeswaran concluded, “RISC will provide a technical assessment of our oil and gas assets with particular emphasis on ATP 865 and the three drill ready oil and gas prospects and twelve leads delineated to date.” <<<
This independent petroleum engineering and volumetric assessment news should help place a valuation $$$ on the company.
Red
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