Penny Stock News: Sentry Petroleum Finalizes Drilling Contract

Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks

Sentry Petroleum Ltd. (OTCBB:SPLM) announced today that it has finalized
agreement with Depco Drilling Pty. Ltd. to provide a drilling rig and
personnel for Sentry’s upcoming coal seam gas drilling program in ATP
862 and 864 in Queensland Australia. The specialist coal seam gas coring
rig will be mobilized to the drill site in June, finalisation of actual
date will be announced in the next 10-14 days. Sentry’s Drilling and
Operations Manager, Tim Green, commented, “The rig we have secured is
ideal for our drilling programme in Queensland and we are excited to be
working with Depco and their highly experienced crews.”

Mr. Green continued, “The rig is fast and easy to mobilize and can drill
multiple drill holes without too much additional cost. Mobilization
costs alone for large oil and gas style rigs can be in the millions,
significantly adding to the cost of each hole. The Rig 22 is mounted on
its own truck which allows it to move around with little effort and
minimum impact to the environment.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://www.finanzen.net/nachricht/Sentry-Petroleum-Finalizes-Drilling-Contract-1128320

Left Menu Icon
Right Menu Icon