Sentry Petroleum Ltd., Denver, (Nasdaq: SPLM) has entered a strategic agreement with financial advisor BDO International, based in Hong Kong, China. BDO will provide advice on maximizing the value of Sentry's oil and gas assets, identify potential mergers and acquisitions and formulate financing strategies for the company.
Sentry chief financial officer Dr. Paul Boldy says, "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 (London: BG) are spending billions on mergers, acquisitions and gas supply contracts. The recent $3.5-billion joint acquisition of Arrow Energy from Royal Dutch Shell (NYSE: RDS) and PetroChina (NYSE: PTR) is a good example of major firms acquiring junior operators like Sentry Petroleum. BDO clearly recognizes our potential."
Sentry Petroleum holds oil, gas and coal-seam gas leases in Queensland, Australia.
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