The company advises that the agreement is conditional on a 90 day financingdue diligence provision. At any time prior to the expiration of the 90 dayperiod Sentry may choose not to proceed with the agreement. All obligationsand interests contained therein are not enforceable by and between theparties until the expiration of the 90 day period or Sentry's waiver of thetermination clause.

Speaking on the agreement, Sentry Petroleum CEO Alan Hart advised, "Istress that the agreement is conditional. We are confident that theinvestment community will favourably endorse the opportunity and supportwhat we view as a significant potential addition to our rapidly evolvingoil and gas portfolio."

Speaking on the potential of Kyrgyzstan, Sentry Petroleum President RajRajeswaran commented, "The country of Kyrgyzstan is still largelyunexplored for petroleum and sits surrounded by a vast oil and gas region.If the agreement is consummated it will provide Sentry with significantexploration potential. We expect to affirm our obligations within the 90day provision period."

About Sentry Petroleum:

Sentry Petroleum is a junior oil and gas exploration company focused inAsia. The company's mission is to secure large land positions with drillready prospects in the regions of the world with the most promise for largescale discovery. The Company will continue to leverage its strengths with avision to become a premier independent oil and gas company.

About Monitor Energy Limited

Monitor Energy Limited is an Australian Stock Exchange listed company withits business in the energy sector, primarily oil and gas.

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 releaseaddressing future operations, undiscovered hydrocarbon resource potential,exploration, potential reservoirs, prospects, leads and other contingenciesare forward-looking statements. Although management believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance, and actual results may differ materially from those in theforward-looking statements due to factors such as market prices,exploration successes, continued availability of capital and financing, andgeneral economic, market, political or business conditions. Please see ourpublic filings at www.sec.gov and www.sedar.com for further information.