Australian (ASX) Stock Market Forum

MHL - Monitor Energy

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Funny,I was just looking for this thread when you posted.

It sure has been quiet over at MHL. No announcements in Dec and only 3 in Jan.

Now the price is up 12% to 27c today with no announcement. Even touched 28c with 1 trade.

I hope something comes out soon.
 
gordon2007 said:
...

Is any news even expected shortly?
Click to expand...

G07,

don't know if there has been an ann today, however news that could be forthcoming, (not necessarily shortly):

formalisation of medina hoa;

news on medina usa listing;

seismic survey results (indicating potential drilling locs);

advancement of review of non-central asian oil and gas opportunities;

cheers :)
 
ba229 said:
Funny,I was just looking for this thread when you posted.

It sure has been quiet over at MHL. No announcements in Dec and only 3 in Jan.

Now the price is up 12% to 27c today with no announcement. Even touched 28c with 1 trade.

I hope something comes out soon.
Click to expand...

MHL is currently $0.027, not 27c. That's 2.7c.

Please try and ensure that posted prices are accurate in future.
 
Hey Ba, whoops I mean Gordon, sorry Ba I was responding to Gordon

Mine doesn't show any news on MHL, maybe you got a glitch,

As for expected news,

Well theres the formal signing of the JV with Medina who is about to /or has just listed in the USA

Then there is also news expected re the siesmic interpretation where we should recieve some further commentary re the Oil and Gas targets/plays ie less technical more simpe size estimates

Then we are also expecting news re the Uranium projects JV'd with Leopard, I noticed recently that Sino Steel entered into a JV with Monaro Mining ( MRO ) who are also Kyrgz U players, I found this very interesting that Sino is hitting that area, its a shame MHL didn't use Sino as its JV instead of Leopard, but then again the Leopard team are all DYL technical boys and they did wonders for Deep Yellow

Finally there was a mention of some new near term production oil and gas projects in South East Asia

The Company is also advancing its reviews of non Central Asian oil and gas opportunities with a focus on near term production in known petroleum provinces in South East Asia.

On a side note I have noticed how alot of spec have again been running of late ie EGO NSL GPN EXM RSL RCH GDA so this may have something to do with it
 
One thing I have noticed is that the daily volume traded on this stock has a distinct relationship with the number and content of posts on this forum...
 
karmatik said:
One thing I have noticed is that the daily volume traded on this stock has a distinct relationship with the number and content of posts on this forum...
Click to expand...

lol yeah, the stock sits quite, then when volume builds those holders (me included) get curious as to whats going on and so the chat starts
 
Hey Yt, what are these oil and gas intersts you are talking about. todays volume on a quite day looks positive. Can you elaborate further?
 
Nice sucker setup
8.2 Million dumped in 1 trade with 20 minutes to go.

I must say I have never seen anything like it.. but then don't (usually) trade 2c stocks just for that reason.

Been following this thread because of YT involvement thinking of perhaps taking a small punt.

This sort of thing puts 1 off don't you think?
I wonder how much manipulation and bogus bids it took to set up?
 
Rob_ee said:
Nice sucker setup
8.2 Million dumped in 1 trade with 20 minutes to go.

I must say I have never seen anything like it.. but then don't (usually) trade 2c stocks just for that reason.

Been following this thread because of YT involvement thinking of perhaps taking a small punt.

This sort of thing puts 1 off don't you think?
I wonder how much manipulation and bogus bids it took to set up?
Click to expand...

Hey Rob,

I was so distracted by MDX ann that I didn't realise what had happened here,

I have actually seen this before, it happened with NSL and it scared the **** out of me, however the following day NSL traded 80m shares and went up 50%, unfortunately this was the day before the crash so the next day the mkts crashed and everything died,

So bottom line I think MHL may have a huge burst on monday if NSL is anything to go by, then again there may be a mkt crash on Tuesday as with NSL

One things for sure though, there are definately traders on this and monday will be interesting
 
Have to agree YT traders seem to be queing at the gates on MHL ATM and it is what we need to drive the SP north .........maybe something is in the stream news wise Monday could see some real vol on the boards for MHL .......Man i wish that was me getting that parcel at these levels good buying IMO , maybe the dump was a friday arvo tidy up or a dump to cash up who really knows all i know is that MHL at these levels is a stand up buy IMO with what the company has in play ATM.

Oil and gas are on the boil and the world is sucking the black stuff like never before ATM and MHL is a exellent entry into the sector for 2008 time will tell the story but i for one are holding on extra tight to my rather substantial in the company and loving it :dance::cool:
 
mobcat said:
Have to agree YT traders seem to be queing at the gates on MHL ATM and it is what we need to drive the SP north .........maybe something is in the stream news wise Monday could see some real vol on the boards for MHL .......Man i wish that was me getting that parcel at these levels good buying IMO , maybe the dump was a friday arvo tidy up or a dump to cash up who really knows all i know is that MHL at these levels is a stand up buy IMO with what the company has in play ATM.

Oil and gas are on the boil and the world is sucking the black stuff like never before ATM and MHL is a exellent entry into the sector for 2008 time will tell the story but i for one are holding on extra tight to my rather substantial in the company and loving it :dance::cool:
Click to expand...

Anyone have an update?

Gravity survey - J/V - ???????

Can we except an announcement soon?

Any reply would be appreciated. :)
 
Hi,

This was posted on the other sites. I will probably get in trouble for posting it. Still not sure what one can post and can't post from other sites. :confused: :banghead:


FYI... From Brantley on the other sites.


Sentry Petroleum Announces Initiation of 2008 Australian Exploration Strategy

Marketwire
February 21, 2008: 05:51 PM EST

Oil and gas exploration company Sentry Petroleum Ltd. (OTCBB: SPLM) announced today the initiation of the company's 2008 Australian exploration strategy. Sentry Petroleum President Alan Hart commented, "The Company will strive to control and operate low-risk, shallow oil and gas exploration and production opportunities in proven onshore hydrocarbon fairways. If we are successful, these exploration efforts will entail low-risk opportunities in producing basins and help us achieve quick revenue return to the shareholders."

The Company is presently in discussions that may allow it to participate in a number of more frontier, high-impact oil and gas prospects.

Alan Hart continued, "We have been actively investigating opportunities in Australia's Cooper and Adavale Basins. The Adavale basin encompasses 59,750 km² (14 million acres), or more area than the country of Costa Rica. Fewer than 55 exploration wells have been drilled in the basin resulting in the discovery of 1 gas field containing 13 billion cubic feet of gas (2.3 million BOEs)."

Sentry Petroleum advised that it has commenced its operations with a measured land aggregation strategy through joint venture and through government gazettal. The Company will diligently maintain a risk-managed business plan utilizing farm-in partners and joint ventures to minimize capital exposure.

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


--------------------
R/Brantley
 
Im little unsure what Sentry Petroleum Involvement is here.

Can someone please explain what Sentry Petroleum involvement is with MHL?
 
Nyo,

What exactly does any of that have to do with MHL??

Also, it is preferable not to post information of other sites, as some of them are not known to be the most 'honest'
 
prawn_86 said:
Nyo,

What exactly does any of that have to do with MHL??

Also, it is preferable not to post information of other sites, as some of them are not known to be the most 'honest'
Click to expand...

My apologies to all. It was my understanding from reading the other sites that Sentry Petroleum would be working with Medina (HoA with MHL) and that Sentry would takeover Medina's position.

Could someone else help me out here on the Sentry / Medina relationship with MHL?

My apologies again. :( :banghead:
 
nyo, just to add
The above link refers to the Medina relationship with MHL.
The possible Sentry Medina relationship is somewhat more ambiguous and speculative but there are connections between Medina and Sentry previously called Summit Exploration
 
Hmmm something strange sure is up over at MHL,

I am still holding my portion and am waiting for this Medina/Sentry JV ann, as well as these new Oil and Gas projects in South East Asia,

With news expected todays dump puzzles me :confused:
 
YOUNG_TRADER said:
...

waiting for this Medina/Sentry JV ann

...
Click to expand...

youngtrader,

i know nuthink of the medina/sentry jv that appears to be a recent discussion point ...

however the monitor/medina formalising of the hoa, which was anticipated in late dec (now almost 2 months past) has me thinking that there could be problems (maybe credit-crunch, finance please) related

whilst i like the underlying story with mhl, the medina bit (let alone this recent sentry bit) has left me still waiting for an entry point - i await confirmation (of the jv and its details)

i have not been able to find enough publicly available info on medina to satisfy me

and this recent info on sentry (from their quarterly report dated 15/01/08)

...

Sentry Petroleum Ltd. ("Sentry") is a Calgary, Alberta, Canada based oil and gas exploration stage company with limited operations. To date we have had no revenues, have achieved losses since inception, and have been issued a going concern opinion from our auditors. We have yet to identify or secure permits for any exploration activities. The bidding for and securing of exploration interests is highly competitive and there is material risk that we will be unable to secure oil and gas interests and carry out our plan of perations. Failure to do so will result in the failure of our business and the total loss of your investment. If we are successful in securing exploration interests we will require additional funding to discharge our exploration obligations. Should we fail to raise additional funds, we will be unable to carry out our plan of operations. Our operational efforts to date have been limited, focused primarily on general joint venture discussions, industry conference attendance and analysis of Cooper and Ermanga basin data and related property assessment in the Australian states of Queensland and South Australia. Within the next twelve months we intend to submit applications for new exploration permits to the Queensland state government and enter into agreements to acquire oil and gas interests through joint venture with existing permit holders in Queensland and South Australia.

Employees and Consultants

The Registrant has no employees. The company's President, Alan Hart, is retained as a consultant.

Plan of Operations

Our plan of operations for the next 12 months is to continue assessment of various onshore exploration permits through the state and territorial governments in Australia with particular emphasis on Queensland. Upon completion of our assessment of government tendered permits we will submit our applications for an authority to explore. Additionally, we will continue discussions with third party permit holders with attention to potential joint venture partners in Queensland and South Australia and our assessment of the interests controlled and operated by them. To date these discussions have centered on the specific requirements of the exploration programs including but not limited to play types, land title security, operating budgets and time commitments. Play type refers to a conceptual model for a hydrocarbon accumulation used by explorationists to develop prospects in a basin, region or trend. Though no definitive time can be placed on securing joint venture agreements we will attempt to secure joint venture property interests within 6 months from the date of the completion of the financing contemplated herein. No formal agreement or understandings have been reached between the parties on any of our discussions and should we be successful in any of these efforts and secure exploration interests we shall require significant additional capital. We anticipate hiring an Australian based agent to act as our resident agent and commence a search for a qualified Australian based director and financial officer.

We have been in operation only since February 23, 2006 and have experienced losses since that time. As of November 30, 2007, we have $1,014,719 in working capital. We have sufficient funds to carry out a limited plan of operations for the next sixteen months. If we are successful in securing exploration interests we will require additional funds. We rely principally on the issuance of common shares by private placements to raise funds to finance our business. There is no assurance that market conditions will continue to permit us to raise funds when required. If possible, we will issue more common shares at prices we determine, possibly resulting in dilution of the value of common shares. On June 26, 2007 we filed an SB-2 registration statement to register 15,000,000 pre-split shares for sale at $0.05 per share. The Securities and Exchange Commission declared the registration statement effective on July 11, 2007. Other than a resident Australian agent and potential future financial officer, we do not expect any significant increases in the number of employees in the near future.

We are an exploration stage shell company with limited operations and have not yet received revenues from operations, generated profitability or experienced positive cash flow from operations. We currently have no oil or gas properties or any known deposits of oil or gas. Our President has extensive experience in the oil and gas industry with specific industry experience in exploration in Australia and New Zealand. Mr. Hart has given us his undertaking to act as President and Director until March 31st, 2008.

Mr. Hart's responsibilities include data review, including geochemical and petrological review to determine petroleum source potential and reservoir quality, reinterpretation of existing seismic data and an initial assessment of potential budgets and work programs of properties presently under review in Australia.

If we are successful in securing exploration interests we will be obliged to complete proposed work programs to maintain our interests in good standing. There can be no certainty as to the costs of the future work program; however, we will require additional funds to discharge our exploration obligations whether the interests are acquired through joint venture or through government tender. We do not have sufficient capital to satisfy the potential future exploration expenditures and we will rely principally on the issuance of Common Stock to raise funds to finance the expenditures that we expect to incur should we secure exploration interests. Failure to raise additional funds will result in the failure to meet our obligations and the relinquishment of our interest in any future permit acquired. We have relied principally on the issuance of Common Stock in private placements to raise funds to support our business but there can be no assurance that we will be successful in raising additional funds through the issuance of additional equity.

We do not expect any significant purchases of plant and equipment or any increase in the number of employees in the near future.

Off balance-sheet arrangements

We do not have any off balance-sheet arrangements that have or are reasonably likely to have a current or future effect on the small business issuer's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Recent accounting pronouncements

There have been no recent accounting pronouncement since the filing of the Company's Form 10KSB, filed on May 30, 2007, that have a material impact on the Company's financial presentation and disclosure.

...
Click to expand...

link http://biz.yahoo.com/e/080115/splm.ob10qsb.html

who knows what the reason for today's dump was, or the other day for that matter

if medina and sentry form a jv for the aust oil/gas leases of medina, how do you see this benefitting mhl

and i would add that i understand that mhl has other potential lease acquisitions to announce and the jv with leopard in the kyrgyz

i just get the feeling that the medina/monitor jv may not necessarily be 'in the bag' as previously ann'd by mhl (ie there could be changes to the terms at the very least)

disclaimer: have been wrong before

cheers :)
 

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