Sentry Petroleum Ltd (SPLM)

[Roid]

Read Sentry's 10K's. Buried in these reports you will see that Sentry has to meet it's work programs established with the Australian government in order to keep their permits. Essentially, these work programs must be completed by Feb. 2012 & it involves millions of dollars for drilling additional wells/seismic. The only way for Sentry to raise the money for this is to issue additional shares and/or do a farm-in with another company. Issuing new shares in today's economic environment and at today's share prices will be a problem...additionally, a farm-in will probably take up to 50% of the interest in the permits. Also, world economics at the moment are problematic for gas expansion. Sentry's current drilling results are therefore critical for continued efforts....with good drilling results Sentry lives to fight the survival battle for another day. Other companies surrounding Sentry's permits have had considerable success & their geology is similar to that of Sentry's. It may very well be that the gas is there BUT raising the money to drill & prove it becomes the real problem. No pun intended but I'd bet management is burning the "midnight oil" to save the day.

I'm flying by the seat of my pants just like everyone else on this board.....should I sell or ride it out is an hourly debate.

LONG on Sentry