SEN Sentinel Rock Oil Corporation

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


Sentinel Rock Oil Corp. (TSX VENTURE:SEN) has released its March 31, 2008
Financial Statements and related Management's Discussion and Analysis ("MD&A").
The following are excerpts from the MD&A which can be viewed in its entirety on
SEDAR at www.sedar.com.




SELECTED QUARTERLY INFORMATION

                                          March 31, 2008     March 31, 2007
----------------------------------------------------------------------------
Revenues
Interest Income                                    9,411              6,138
----------------------------------------------------------------------------
Expenses
General and administrative                       194,463            127,253
----------------------------------------------------------------------------
Net income (loss)                               (185,052)          (121,115)
----------------------------------------------------------------------------
Income (loss) per share                            (0.03)             (0.02)
----------------------------------------------------------------------------



CAPITAL EXPENDITURES

Total capital expenditures during the first quarter ending March 31, 2008 were
$2,181,413 up from $1,161,974 recorded in the same period last year. The
increased capital activity during the period is due in large part to the
additional drilling and seismic expenses that were incurred at our Hoole
property. Sentinel Rock is in the process of establishing its new capital budget
for 2008 fiscal year.


LIQUIDITY

As at March 31, 2008, the Company had net working deficiency of $22,008
comprised of current assets less its current liabilities. This has decreased
from $1,969,590 from the year end statement December 31, 2007 due to additional
drilling and seismic related charges at our Hoole prospect. Management considers
this to be sufficient for the Company to meet its ongoing obligations
considering the cash component of the Sabrich take over resulting in
approximately $650,000 cash being transferred to Sentinel.


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 Sentinel Rock Oil Corp. 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
Sentinel Rock Oil Corp. Although Sentinel Rock Oil Corp. 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.

Sentinel Rock Oil Corporation (TSXV:SEN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Sentinel Rock Oil Corporation (TSXV:SEN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024