Sentry Petroleum Ltd., Denver, (Pink Sheets: SPLM) has reported that drilling of the Talundilly-CSG1 well in ATP 862 in Queensland was completed on the 24th of June.
The well encountered 12.7m of net coal which were canistered immediately for gas desorption measurements. Gas was observed from the coal cores, however it is too early to make any conclusions as to the commerciality of the deposit until the desorption tests have been completed. The wireline logs confirm the coal thickness. The rig is now moving to the Albilbah-CSG1 location, 37km from the Talundilly-CSG1 well and drilling is expected to commence on Monday 4th of July.
In other news, Sentry has reacquired all of its oil, gas and coal seam gas rights in ATP 865 and ATP 866 in Queensland Australia from Sino American Oil Company. This option was granted to Sino American Oil Company in March 2011. The option has been terminated without further rights or obligations from either party.
Sentry now retains 100% interest in all oil, gas and coal seam gas interests over a permit area of approximately 11,000 sq. miles.
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