Petroleum Enters Into Strategic Financial Agreement - Leading
International Mergers and Acquisitions Firm
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.
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.
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.”
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