Who We ARE

History  

The story of Gentry Resources Ltd. is one filled with growth, focus and many great opportunities.

On November 13, 1995 Gentry's shares were listed and posted for trading on the Toronto Stock Exchange, having moved from a predecessor of the TSX Venture Exchange, a junior market. Gentry trades under the stock symbol "GNY".

In April of 1999, Gentry entered into an agreement with Stratic Energy Corporation, whereby Gentry vended all of its international assets into Stratic in exchange for common shares. Gentry currently retains a 8% interest in the outstanding common equity of Stratic, a TSX Venture Exchange listed company.

During May of 1999, Gentry announced a friendly take-over bid for Barra Resources Inc. Gentry and Barra were amalgamated on December 31, 1999, adding 950 boe/d of production to the Company.

In November of 2000, Gentry announced that it had entered into a Business Combination with Sloane Petroleums Inc. The amalgamation was subsequently completed on March 1, 2001, and brought 619 mboe of proven reserves and 2 mmcf/d of gas production to the Company.

In 2001, Gentry turned its focus to the drill bit. Drilling in Princess focused on both gas and oil, whereas programs at Sedalia and Red Willow focused solely on gas.

In 2002, Gentry concentrated its exploration efforts on four core areas - Princess, Tide Lake, Sedalia and Whitecourt. The first three areas are located in south eastern Alberta, while Whitecourt is in the west central portion of Alberta. Gentry is constantly increasing its land and seismic data inventory in these areas to help delineate its drilling programs.

In 2003, Gentry continued to concentrate its exploration efforts on its three core areas - Princess, Sedalia and Whitecourt. 

In October of 2003, Gentry completed an equity offering the proceeds of which were utilized to fund the continued exploration and development of Gentry's oil and gas properites including acquisitions.

In 2004, Gentry increased its land position in Princess.  Exploration success at Princess led to the development of two new fields in 2004, the Nisku gas field and the Tilley oil field.

In 2005, Gentry concluded two asset transactions in the Greater Princess area and 48% of Gentry's production was derived from the Greater Princess area.

Goal and Focus of Gentry

The Corporation's principal properties are located in Western Canada, primarily in the southern portions of Alberta, Saskatchewan. Gentry's strategy is two-fold: First, to find high quality long life reserves which have significant potential for increased production; and second, to engage in low to medium risk exploration and development activities complimented by selective acquisitions in the Western Canadian sedimentary basin.