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Gold/Mining/Energy : Sentry Petroleum

SPLM 0.0001000

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Dec 26 9:30 AM EST

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From: Paul Lee	3/15/2011 9:46:54 AM
	of 5

Chinese Media Hubs Commence Coverage on Sentry Petroleum Ltd. HONG KONG--(BUSINESS WIRE)-- Sentry Petroleum Ltd. (OTCBB:SPLM.ob - News) announced today that in cooperation with Invest Hong Kong, (the Government department of the Hong Kong Special Administrative Region (HKSAR) responsible for Foreign Direct Investment and foreign businesses expansion in Hong Kong) the Company and its exploration development is being covered by over 11 Chinese media hubs including Xinhua News, Ifeng News and various Chinese governmental websites. Commenting on the Chinese coverage, CFO Dr. Paul Boldy commented: "The interest in our company and our leases in Queensland Australia has grown dramatically, especially in China. Since establishing a presence in Hong Kong the level of interest has blossomed. We are grateful for the efforts of Invest Hong Kong and have certainly received a boost in recognition throughout Asia and Australia. What we expected to accomplish in a year has taken a few short months. With the completion of the independent resource estimate by Resource Investment Strategy Consultants and the announcement of a potential 2,000 sq. mile coal seam gas deposit in our northern permits the extensive coverage is certainly warranted and welcomed." In other news the company announced it has entered into an exclusive option agreement with Sino American Oil Company. The option grants Sino American the right to earn up to 70% interest in ATP 865 and ATP 866. Sentry will have the right to reduce the interest to 50% by paying 40% of the expenses for one well. Commenting on the option, Sentry President and CEO Dr. Rajeswaran noted: "We are pleased with the terms and it comes at a time when our efforts are focused exclusively on the potential coal seam gas deposit in our northern permits. It gives us the opportunity to have a highly prospective oil well drilled quickly. Additionally, it combines important seismic work to enhance the opportunity for other wells to be drilled expeditiously."

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