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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.
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