Sentinel Rock Oil Corporation
TSX VENTURE : SEN

Sentinel Rock Oil Corporation

June 16, 2008 14:38 ET

Sentinel Rock Oil Corporation Announces Operations Update

CALGARY, ALBERTA--(Marketwire - June 16, 2008) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Tyler Cran, President & CEO, is pleased to provide an operations update for Sentinel Rock Oil Corp. ("Sentinel") (TSX VENTURE:SEN), "We have successfully raised an additional $3 million prior to becoming public. As a public company, Sentinel is now able to better attract industry partners to gain financial flexibility, and to strengthen our team."

In March 2008 Sentinel completed its second phase of drilling on its Hoole project. During 2007 Sentinel drilled three test locations and followed up in 2008 with an additional three locations, a brief outline of the results are as follows;

All locations were drilled to the desired formation, Grande Rapids, and results were consistent with senior management's expectations of pay thickness, porosity and oil saturation.



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2007 Drilling locations Pay thickness
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7-16-83-23w4 17 meters
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6-14-83-23w4 21 meters
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7-24-83-23w4 19 meters
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2008 Drilling locations Pay thickness
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16-12-83-23w4 17 meters
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10-27-83-23w4 24 meters
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11-25-83-23w4 18 meters
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Sentinel's reserve engineers DeGolyer McNaughton are currently finalizing an updated reserve report, which will include all locations completed in 2008. This information will be available in approximately two to three weeks.

In addition Sentinel has reworked existing seismic on its Poundmaker property in Saskatchewan Township 44 & 45 Range 20 & 4 W3M and has commenced the environmental audit required prior to the start of seismic operations which should commence sometime in the second quarter.

In addition Sentinel has identified two heavy oil prospects in Saskatchewan that appear to have bypass pay. Sentinel is currently acquiring a land position prior to designing a seismic and/or drilling program which would be commenced in the third quarter.

This news release contains forward-looking information. Forward-looking information is generally identifiable by the terminology used, such as "expect", "believe", "estimate, "should" "anticipate" and "potential" or other similar wording. Forward-looking information in this news release includes, but is not limited to, references to: well drilling programs and drilling plans, estimates of reserves and potentially recoverable resources, and information on future production and project start-ups. By their very nature, the forward-looking statements contained in this news release require Pan Orient and its management to make assumptions that may not materialize or that may not be accurate. The forward-looking information contained in this news release is subject to known and unknown risks and uncertainties and other factors, which could cause actual results, expectations, achievements or performance to differ materially, including without limitation: imprecision of reserve estimates and estimates of recoverable quantities of oil, changes in project schedules, operating and reservoir performance, the effects of weather and climate change, the results of exploration and development drilling and related activities, demand for oil and gas, commercial negotiations, other technical and economic factors or revisions and other factors, many of which are beyond the control of Pan Orient. Although Pan Orient believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sentinel Rock Oil Corporation
    Bryce Bonneville
    (403) 668-0427
    Email: bbonneville@SROC.ca
    or
    Sentinel Rock Oil Corporation
    Tyler Cran
    (403) 538-8441
    Email: tcran@SROC.ca
    or
    Sentinel Rock Oil Corporation
    (403) 538-8448
    (403) 206-7746 (FAX)