I like the announcement. I did not like the medina bit.
Nioka I don't understand why you don't like the Medina bit, as it was the plan all the way along for Sentry to be the J.V partner and Medina to withdraw.
As it also did with Sentry's FNQ tenements where Medina signed them up,
then withdrew leaving Sentry as operator. As Medina is a a Hong investment
group specializing in Oil and Gas investment, not an oil gas operating company.
Sentry is vehicle set up Medina Investment Group to drill and for Medina to not just be a financier of projects they have funded 25 projects in 2007 one of their biggest funding projects is W.A. 11 billion dollar pluto gas field. I think Medina sees these profits from the projects the high price of Oil and gas and is direct a small amount of capital, miniscule compared to there investments to there own vehicle Sentry in Oil and gas.
I know for a fact that Mr A Hart(CEO of Sentry) was a consultant for Medina before Sentry and when you start to look who Sentry has on Board the management with Raj Rajeswaran who is a well respected Oil and gas expert throughout the world.
Speaking on the potential of Kyrgyzstan, Sentry Petroleum President Raj Rajeswaran commented, "The country of Kyrgyzstan is still largely unexplored for petroleum and sits surrounded by a vast oil and gas region. If the agreement is consummated it will provide Sentry with significant exploration potential. We expect to affirm our obligations within the 90 day provision period."
The last paragraph was taken from part of Media news release on the J>V released by Sentry, While things aren't moving as quick as what a lot would like I think Market conditions have a lot to do with it and I think by signing the J.V.O.A it would give Sentry full access to all of Monitors research to its fields including Gravity Survey and the Russian surveys. Which I am sure Monitor would not have given Sentry full access unless the signed on the dotted line. Also worth reading is Bio on Dr Raj Rajeswaran he has a pedigree
second to none and has done a lot and huge experience to offer. For him to join Sentry and move away from the big Oil companies Sentry's game plan would have to be pretty impressive to lure him.
For me MHL at the moment is undervalued and has been a victim of the market downturn fair value for MHL once the conditional period is over would be 3 + cents. Also it would advantageous for MHL to release more information on directional issues eg with U308 licences and J.V with Leopard.
The upside for MHL with what Young trader has focused on is the reserves
of OIL and Gas in the region, with fields surrounding MHL producing 200,000 bopd and not fully developed. While 15% does not sound much MHL's cut would be 30000 or 3.6 mil a day, 25.2 mil a day or 1.314 billion a year.
The potential for a 2 cent stock to be free carried in this project is huge.
And the reward even for Sentry is massive to be involved in this project,
while these figures show the risk reward senario investing in a company like MHL.
Based on those figures MHL would be EPS about $2 and a $8 share price but
when you focus on potential and best case senario you also have to look at down side and that is back down to the lows of 1.4 cents if it doesn't
eventuate. But like most spec investor who all know the risk we focus on the risk and the rewards and to me MHL rewards far out way the risks.