SENTRY PETROLEUM LTD.

CIK:0001357642|SEC Filings

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended		69 Months Ended
Consolidated Statements of Operations (USD $)	Nov. 30, 2011	Nov. 30, 2010	Nov. 30, 2011	Nov. 30, 2010	Nov. 30, 2011
Expenses
Foreign exchange (gain) loss		$ (6,779)	$ 350	$ (5,840)	$ 128,494
General and administrative	465,202	153,072	1,741,433	352,148	3,474,111
Professional fees	14,167	6,055	41,556	19,569	130,853
Write-off of Oil and gas Properties			60,569		63,475
Total Expenses	479,369	152,348	1,843,908	365,877	3,796,933
Other Income
Interest Income	1,255	6	16,363	45	48,723
Net Loss for the Period	(478,114)	(152,342)	(1,827,545)	(365,832)	(3,748,210)
Other Comprehensive income (loss)
Foreign currency translation	(73,781)	28,473	(21,822)	25,490	69,427
Comprehensive loss	$ (551,895)	$ (123,869)	$ (1,849,367)	$ (340,342)	$ (3,678,783)
Net Loss Per Share - Basic and Diluted (in Dollars per share)	$ (0.01)	$ 0.00	$ (0.04)	$ (0.01)
Weighted Average Shares Outstanding (in Shares)	47,442,294	46,444,648	47,326,980	46,364,994

Consolidated Statements of Cash Flows (USD $)	9 Months Ended		69 Months Ended
Consolidated Statements of Cash Flows (USD $)	Nov. 30, 2011	Nov. 30, 2010	Nov. 30, 2011
Cash Flows From (Used in) Operating Activities
Net Loss for the period	$ (1,827,545)	$ (365,832)	$ (3,748,210)
Adjustments to reconcile net cash to operating activities:
Depreciation	904	8,519	26,315
Donated services			50,000
Stock based compensation	1,231,604	284,764	2,267,021
Services paid for with stock	180,600		180,600
Write off of exploration asset	60,569		63,475
Change in operating assets and liabilities:
Goods and Services Tax receivable	(1,717)	16,045	(3,631)
Prepaid expenses	(17,895)		(17,895)
Accounts payable and accrued liabilities	(33,004)	(48,056)	70,159
Due to related party		(2,238)
Net Cash From (Used in) Operating Activities	(406,484)	(106,798)	(1,112,166)
Cash Flows Used In Investing Activities
Unproven properties	(1,171,668)	(47,975)	(1,620,670)
Additions to furniture and equipment	(2,430)	(396)	(28,764)
Net Cash Used in Investing Activities	(1,174,098)	(48,371)	(1,649,434)
Cash Flows From Financing Activities
Proceeds from issuance of common shares	1,000,000	500,000	2,766,281
Net Cash From Financing Activities	1,000,000	500,000	2,766,281
Increase (decrease) in Cash and Cash Equivalents	(580,582)	344,831	4,681
Effect of foreign currency translation on cash and cash equivalent	(32,411)	1,672	69,427
Cash - Beginning of Period	687,101	317,515
Cash - End of the Period	74,108	664,018	74,108
Supplemental Disclosure
Interest paid	$ 16		$ 16

Consolidated Balance Sheet (USD $)	Nov. 30, 2011	Feb. 28, 2011
Current Assets
Cash	$ 74,108	$ 687,101
Prepaid expenses	17,895
Goods and Services Tax Receivable	3,631	1,914
Total Current Assets	95,634	689,015
Oil and gas on the basis of full cost accounting
Unproved properties (Note 3)	1,557,195	435,508
Equipment (Note 4)	2,449	923
	1,559,644	436,431
Total Assets	1,655,278	1,125,446
Current Liabilities
Accounts Payable	60,759	103,163
Accrued liabilities	9,400
Total Liabilities	70,159	103,163
Common stock: (Note 5) 200,000,000 share authorized, $0.0001 par value, 47,446,207 shares issued and outstanding	4,745	4,683
Additional Paid in Capital	5,209,157	2,797,015
Donated Capital	50,000	50,000
Accumulated other comprehensive income	69,427	91,250
Deficit Accumulated During the Exploration Stage	(3,748,210)	(1,920,665)
Total Stockholders’ Equity	1,585,119	1,022,283
Total Liabilities and Stockholders’ Equity	$ 1,655,278	$ 1,125,446