This Agreement and Plan of Merger involves
Title: Sentry Petroleum Enters Into Strategic Financial Agreement - Leading International Mergers and Acquisitions Firm Appointed
Industry: Oil and Gas Operations Sector: Energy
Sentry Petroleum Enters Into Strategic Financial Agreement - Leading International Mergers and Acquisitions Firm Appointed
Denver, Colorado (FSC – December 6, 2010 ) Sentry Petroleum Ltd. (Nasdaq OTC:SPLM), owner and operator of one of Austral-Asia’s largest exploration and appraisal portfolios is pleased to announce that it has entered into a strategic agreement with BDO International, Hong Kong, China. With over 1,100 offices in 110 countries and 46,000 employees BDO is a key player in the financial advisory industry globally. The Company is one of the leading financial advisory firms in China with over 6,000 partners and staff.
BDO’s strategic advisory services to Sentry Petroleum will include advice on maximising the value of our oil and gas assets, the identification of potential mergers and acquisitions candidates and investors, and formulating financing strategies.
Dr. Paul Boldy, Sentry Director and CFO commented on the engagement, “BDO has extensive experience assisting global enterprises. From IPOs in Hong Kong and Singapore to mergers and acquisitions, BDO has proven their expertise in the energy industry. Queensland Australia is undergoing a phenomenal energy boom. Outfits like ConocoPhillips (NYSE:COP) and BG Group (LSE:BG) are spending Billions on mergers, acquisitions and gas supply contracts. The recent $3.5 Billion Royal Dutch Shell (NYSE:RDS) PetroChina (NYSE:PTR) joint acquisition of Arrow Energy (ASX:AOE) is a good example of major firms acquiring junior operators like Sentry Petroleum. BDO clearly recognizes our potential.”
Kenneth Yeo, BDO partner and head of Specialist Advisory Services said “We are very pleased to be appointed to assist Sentry. Resources are a core focus of our practice worldwide, and we have extensive experience in a range of transactions in the sector, including IPO’s, secondary placements, fundraising, reverse takeovers, Re-admissions, GDR listings and bond issues, and we are perfectly placed to assist Sentry in the sourcing of potential investors, using our international capabilities and previous experience in this sector to access a global investor base across our network worldwide”.
Dr. Rajeswaran, CEO of Sentry Petroleum commented, “Our mandate re