Sentry Petroleum Ltd. Appoints Chief Financial Officer and New Executive Director
28 Août 2008 - 6:33PM
Marketwired
Oil and gas exploration company Sentry Petroleum Ltd. (OTCBB: SPLM)
announced today the appointment of Iynky Maheswaran as Executive
Director and Chief Financial Officer, effective immediately. Mr.
Maheswaran is a certified practicing accountant with an MBA and a
BA in economics. He brings a wealth of corporate finance, strategic
planning and management experience to Sentry Petroleum. Prior to
joining Sentry, Mr. Maheswaran was head of finance for Telstra's 3G
Infrastructure Services (3GIS) joint venture. The mandate was to
maximise the $1 Billion investment in the 3G network by providing
the "best of class" quality to customers while maintaining the
lowest cost platform relative to the industry. He was responsible
for finance, strategy and commercial management of the
organization.
Mr. Maheswaran will oversee Sentry's deal structuring and risk
management for new businesses, as well as corporate alliances,
partnerships and business case development for exploration and
drilling projects. He will also succeed Alan Hart, who has served
as CFO since February 2006.
"We are delighted to welcome Iynky to Sentry. With his
appointment, we are in an even stronger position to deliver on our
objective of becoming a pre-eminent oil and gas company," said Dr.
Rajeswaran, chief executive officer of Sentry Petroleum. "Mr.
Maheswaran not only has a proven track record of growing businesses
and managing complex capital structures, but he also has a depth of
financial and operational experience that will be invaluable in
helping Sentry achieve its business objectives."
"I am excited to be joining Sentry Petroleum at such an
important point in its corporate evolution," stated Mr. Maheswaran.
"The company has grown significantly in the preceding year and we
have high expectations for the company. MBA Petroleum Consultants
is upgrading the leads in ATP-865 to prospects and high grading the
Sherwood Park prospect for drilling. I look forward to working
closely with Sentry's board and executive team as we strive to
ensure Sentry achieves its full potential as an industry leading
oil and gas company."
About Sentry Petroleum
Sentry Petroleum is a junior oil and gas exploration company
focused in Asia. The company's mission is to secure large land
positions with drill ready prospects in the regions of the world
with the most promise for large scale discovery. The Company will
continue to leverage its strengths with a vision to become a
premier independent oil and gas company.
Forward-Looking Statements:
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of applicable
legislation. Other than statements of historical fact, all
statements in this release addressing future operations,
undiscovered hydrocarbon resource potential, exploration, potential
reservoirs, prospects, leads and other contingencies are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results may differ materially from
those in the forward-looking statements due to factors such as
market prices, exploration successes, continued availability of
capital and financing, and general economic, market, political or
business conditions. Please see our public filings at www.sec.gov
and www.sedar.com for further information.
Contact: Investor Relations 866.680.7649 Email Contact
www.sentrypetroleum.com Philippe Niemetz PAN Consultants Ltd. 14
Wall Street 20th Floor New York, NY 10005 212.344.6464 or
800.477.7570 Email Contact
Sentry Petroleum (CE) (USOTC:SPLM)
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