Simba energy: new investor presentation
February 15th 2013, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the onshore pan-African oil & gas explorer with assets in Kenya, Guinea and Chad, has updated its investor presentation.
The investor presentation has been uploaded to the Company Website and can be found at the following link: www.simbaenergy.ca
ON BEHALF OF THE BOARD
Robert Dinning, President & CEO
For further information contact Simba Energy Inc. at 604-641-4450 or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622. Or;
Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com , or +44 (0)7791 892509.
We seek safe harbour.
About Simba Energy Inc.
Simba Energy Inc. is a Pan-African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under developed or not previously exploited.
Simba’s objective is to establish itself as a diversified international developer and producer with a growing oil & gas acreage position and significant upside potential.
Simba energy expands executive team, opens London office
January 28th 2013, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the onshore pan-African oil & gas explorer with assets in Kenya, Guinea and Chad, is pleased to announce that it has appointed Mr. Paul Vonk as its VP, Capital Markets.
Paul has extensive experience as an investment banker advising oil & gas companies on their capital structures, initial public offerings, mergers and acquisitions and farm-out negotiations (including Chad). Most recently, Paul was working in Nomura’s London Natural Resources & Power team. Previously, he covered the oil & gas sector at RBS and ABN AMRO and was a Senior Field Engineer at Baker Hughes.
Paul has an MBA from the University of Oxford, Said Business School, and a MSc. in Mining and Petroleum Engineering from Delft, the Netherlands.
Hassan Hassan, Managing Director, Operations said, “We welcome Paul on board. We have a very exciting and busy schedule this year and look forward to Paul applying his expertise and experience to our key blocks in Chad as well as Kenya and Guinea.”
In addition, Simba has opened an office in London, UK, which will house its operating and technical team.
The London office address is:
Simba Energy
1st floor
29-30 St James’s Street
London SW1A 1HB
United Kingdom
ON BEHALF OF THE BOARD
Robert Dinning, President & CEO
For further information contact Simba Energy Inc. at 604-641-4450 or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622. Or;
Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com , or +44 (0)7791 892509.
We seek safe harbour.
About Simba Energy Inc.
Simba Energy Inc. is a Pan-African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under developed or not previously exploited.
Simba’s objective is to establish itself as a diversified international developer and producer with a growing oil & gas acreage position and significant upside potential.
Simba energy’s regional office opening, kenya
January 23, 2014, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the onshore pan-African oil & gas explorer with assets in Kenya, Guinea and Chad, is pleased to announce that it has officially opened its regional office in Wajir, northern Kenya.
Wajir represents the largest community within the Company’s Block 2A concession area. The office in Wajir will act as the regional head office for upcoming operations, including additional seismic activities and be manned by local employees.
Hassan Hassan, head of Operations at Simba, said, “This is an auspicious time for Simba as the Company continues to focus on its ground activities in and around Wajir. We also look forward to developing our relationship with the local districts and regional councils.”
Currently, Simba holds a 100% working interest in Block 2A with farmout talks progressing.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO
For further information contact Simba Energy Inc. at: 604-641-4450, or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622. Or; Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com , or +44 (0)7791 892509.
We seek safe harbour.
About Simba Energy Inc.
Simba Energy is a Pan–‐African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under developed or not previously exploited.
Simba’s objective is to establish itself as a diversified international developer and producer with a growing oil & gas acreage position and significant upside potential.
Simba energy retains executive search consultant preng & associates
November 19, 2012, Vancouver, British Columbia, Simba Energy Inc. (“Simba” or the “Company”) (TSX.V: SMB; Frankfurt: GDA; OTCQX: SMBZF), the pan-African onshore exploration oil & gas company, is pleased to announce that it has retained executive search consultants Preng & Associates.
Simba has retained Preng & Associates to bolster Simba’s technical and professional team.
Simba is also pleased to announce the opening of its virtual data room for Block 2A, Kenya.
Hassan Hassan, Managing Director, Operations, said, “Simba is a fast moving exploration company with a challenging workload. To date, we have been under- staffed and in order to achieve our objectives, additional technical and professional staff are now needed.”
About Simba Energy:
Simba Energy Inc. is an international oil & gas exploration company focused on onshore Pan-African opportunities. The Company holds a diversified portfolio of 100% or majority interests in several prospective oil & gas exploration assets in Kenya, Chad and Guinea.
In addition to its 100% interest in Kenya’s Block 2A, Simba holds a 60% interest in Blocks 1 & 2, onshore Republic of Guinea and holds 100% interests in three prospective oil & gas blocks in the Republic of Chad. The Company is also the successful applicant for Block 3 in Mali and has applications pending for onshore blocks in Liberia and Ghana.
Simba’s objective is to establish itself as a diversified international developer and producer with a growing oil & gas acreage position and significant upside potential for shareholders.
About Preng & Associates:
“Preng & Associates (www.preng.com) is a global energy search specialist, focusing exclusively on executive searches within the energy and natural resources industries. For more than three decades, Preng have been helping companies recruit board members and their top management teams.”
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO.
For further information contact: Ph. 604-641-4450, or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622, or;
In the UK, Jonathan Charles, jcharles@lionsgatecomms.com , + 44 (0)779 189 2509.
We seek safe harbor.
Simba energy announces passive seismic survey results, block 2a, kenya
November 5, 2012, Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African onshore oil & gas explorer, is pleased to announce the results of the Infrasonic Passive Differential Spectroscopy (or “passive seismic”) survey recently completed over Block 2A, Kenya, where it has a 100% working interest.
The original undertaking was to investigate and as certain the hydrocarbon potential at the Company’s three targets (P1, P2, P3) by first employing a block survey using passive seismic to confirm or identify areas of hydrocarbon potential to be followed up with 2D seismic for structure definition.
This first phase of passive seismic has confirmed P1 to be comprised of two distinct and sizeable leads with excellent hydrocarbon response lying east and SSE of the city of Wajir. The first lead in P1 with an area of 29km² demonstrates the highest level of hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey; the second and likely related lead is over 100km² in size with good response for hydrocarbon potential and lies from 8km to 20km+ to the SW.
At P2, several additional interconnected leads have been identified with good hydrocarbon response that is not seen with the current 2D seismic. The third lead, P3, has also been confirmed as a prospective lead where response fit exceptionally well with present 2D coverage.
James W. Dick, P. Geol., P. Eng., Simba’s Chief Technical Officer and a director of the Company said, “Here on Block 2A, in a manner complemented by our existing 2D data, the passive seismic survey has discovered four more potential leads for follow up at our primary and secondary leads (P1 & P2) and confirmed good potential for hydrocarbons. We now have sufficient information and are comfortable that an additional small survey of 2D seismic has the potential to further upgrade our P1 & P2 target areas with some prospects that easily support a decision to drill.”
The Company now intends to carry out at a minimum 200km of 2D seismic to finalize the location and designed depth for the Company’s first exploration well at P1. Planning and preparation for this work is now underway and anticipated to begin in early 2013.
James Dick, P.Geol., P.Eng., Director of the Company and Qualified Person in accordance with National Instrument 51-101, has reviewed and approves the technical disclosure in this news release.
To view a map of the areas identified with hydrocarbon potential by the passive seismic survey on Block 2A please visit the Company’s website or www.simbaenergy.ca.
About Simba Energy:
Simba Energy Inc. is an international oil & gas exploration company focused on onshore Pan-African opportunities. The Company now holds a diversified portfolio of 100% or majority or interests in several prospective oil & gas exploration assets in Kenya, Chad and Guinea.
In addition to its 100% interest in Kenya’s Block 2A the Company holds a 60% interest in Blocks 1 & 2, onshore Republic of Guinea and has recently signed a Production Sharing Contract (PSC) with the Republic of Chad for a 100% interest in three prospective oil & gas blocks within the Doba, Doseo and Erdis basins.
The Company is also the successful applicant for Block 3 in Mali.
Simba’s objective is to establish itself as a diversified international developer and producer with a growing oil & gas acreage position with significant upside potential for shareholders.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO.
For further information contact: Ph. 604-641-4450, or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622, or;
In the UK, Jonathan Charles, jcharles@lionsgatecomms.com , + 44 (0)779 189 2509.
We seek safe harbor.
Simba energy cancels proposed option pricing adjustment
October 25, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), advises it has cancelled the proposed repricing of options as announced in yesterday’s press release dated October 25, 2012. The options will remain as originally priced when authorized.
The cancellation is effective immediately.
About Simba Energy:
The Company is a Vancouver, BC Canada based oil & gas exploration company focused on onshore Pan-African opportunities. It has recently signed a Production Sharing Contract (“PSC) with the Republic of Chad for 100% interests in three prospective oil & gas blocks within the Doba, Doseo and Erdis basins. The Company now holds a diversified portfolio of majority or 100% interests in several prospective oil & gas exploration assets. Simba has recently completed and is awaiting final results of the passive seismic survey carried out at its Block 2A in Kenya, where it currently holds a 100% interest, and is actively pursuing formal farm-in discussions with a number of interested parties.
Additionally the Company holds a 60% interest in Blocks 1 & 2, onshore Republic of Guinea with current efforts to finalize the first work program with the energy ministry now underway. The Company is also the successful applicant for Block 3 in Mali and has applications pending for onshore blocks in Liberia and Ghana.
We seek safe harbor.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO.
For further information contact: Ph. 604-641-4450, or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622, or;
In the UK, Jonathan Charles, jcharles@lionsgatecomms.com , + 44 (0)779 189 2509.
Simba energy sets new option pricing
October 25, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), announces that is has re-priced a total of 4,550,000 options held by directors and officers of the Company from $0.20 per share to $0.13 per share. The re-pricing of these options is subject to the approval of disinterested shareholders, which approval will be sought at the Company’s Annual General and Special Meeting scheduled for December 18, 2012. The Company also announces that is has re-priced a total of 1,200,000 options held by consultants of the Company from $0.20 per share to $0.13 per share. The re-pricing of all the foregoing options is subject to the acceptance of the TSX Venture Exchange.
About Simba Energy
The Company is a Vancouver, BC Canada based oil & gas exploration company focused on onshore Pan-African opportunities. It has recently signed a Production Sharing Contract (“PSC) with the Republic of Chad for 100% interests in three prospective oil & gas blocks within the Doba, Doseo and Erdis basins. The Company now holds a diversified portfolio of majority or 100% interests in several prospective oil & gas exploration assets. Simba has recently completed and is awaiting final results of the passive seismic survey carried out at its Block 2A in Kenya, where it currently holds a 100% interest, and is actively pursuing formal farm-in discussions with a number of interested parties.
Additionally the Company holds a 60% interest in Blocks 1 & 2, onshore Republic of Guinea with current efforts to finalize the first work program with the energy ministry now underway. The Company is also the successful applicant for Block 3 in Mali and has applications pending for onshore blocks in Liberia and Ghana.
We seek safe harbor.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO.
For further information contact: Ph. 604-641-4450, or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622, or;
In the UK, Jonathan Charles, jcharles@lionsgatecomms.com , + 44 (0)779 189 2509.
Simba energy signs psc for three oil blocks in republic of chad
October 18, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), is pleased to announce it has signed a Production Sharing Contract (PSC) with the Republic of Chad for 100% interests in three prospective oil & gas blocks within the Doba, Doseo and Erdis basins.
The PSC for all three blocks has a first exploration phase of five years and a second exploration phase of three years. The first exploration phase requires geological and geophysical studies to include processing and reinterpretation of existing 2D seismic, acquisition of at least 750 kilometres of new 2D seismic, as well as 400 km² of 3D seismic (or 2D equivalent) to determine the range of possible drilling opportunities for the second phase that requires two exploration wells.
The first two blocks, Chari Sud Block I and the southern half (50%) of Chari Sud Block II are adjacent to each other and therefore treated as one (10,111 km²). These blocks lie just southeast of the Mangara and Badila oil fields where proven reserves are currently in advanced stages of appraisal and production development. Assessment of earlier gravity and magnetic surveys across both these blocks, along with existing 2D seismic, has confirmed these blocks comprise the same basin morphology as these producing fields. The NE-SW trending Borogrop fault zone crosses both blocks in a manner that divides Chari Sud Block I into both a north and south section while Chari Sud Block II is mainly south of this fault zone. This fault represents the basin axis which is the deepest part and has lateral movement that can enhance the formation of traps while could also be a conduit for migration of hydrocarbons.
The third concession, Erdis Block III, covering 15,700 km², is located in the southwestern portion of the Erdis basin, known as the Kufra basin in Libya, where there has been known discoveries. Currently, seismic acquisition is being carried out and two wells are now planned to the east on Sudan’s Block 14. Recent gravity across Erdis Block III indicates the presence of a major depo center and ties it to a sediment source to the west where along with a deep mature section and this current activity in Sudan, support the Company’s view of the block’s prospectivity.
Hassan Hassan, Managing Director of Operations stated, “We view the exploration potential of these three blocks in Chad as very favorable. Once the National Assembly (of the Republic of Chad) ratifies the PSC we intend to initiate the first phase of exploration field work. Our technical team has begun a thorough assessment and re-processing of data available on Chari Sud I & II to initiate preparations and planning for our first phase of work in the southern concession.”
Simba Director, James Dick, P.Geol., P.Eng., is a Qualified Person in accordance with National Instrument 51-101 and approves the technical disclosure in this news release.
About Simba Energy Inc.
The Company is a Vancouver, BC Canada based oil & gas exploration company focused on onshore Pan-African opportunities. Securing these blocks in Chad adds to the Company’s diversified portfolio of majority or 100% interests in several prospective exploration assets. The Company recently completed and is awaiting final results of the passive seismic survey carried out at its Block 2A in Kenya, where it currently holds a 100% interest. The Company is actively pursuing formal farm-in discussions with a number of interested parties.
Additionally the Company holds a 60% interest in Blocks 1 & 2, onshore Republic of Guinea with current efforts to finalize the first work program with the energy ministry now underway. The Company is also the successful applicant for Block 3 in Mali and has applications pending for onshore blocks in Liberia and Ghana.
We seek safe harbor.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO
For further information contact: Ph. 604-641-4450, or visit: www.simbaenergy.ca or info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622, or;
In the UK, Jonathan Charles, jcharles@lionsgatecomms.com ,
+ 44 (0)779 189 2509.
Simba energy kenya country office opening, investor presentation
October 11, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the onshore pan-African oil & gas explorer with assets in Kenya, Guinea, Chad and Mali, is pleased to announce that it has officially opened its Kenya County Office in Nairobi with a presentation and luncheon for local energy journalists.
Simba also presented a technical analyst presentation at an event organised by Merrill Lynch at the InterContinental Hotel, Nairobi, Kenya.
A copy of the presentation is available on the website: www.simbaenergy.ca
>About Simba Energy Inc.
Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Guinea, Ghana and Kenya). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO
For further information contact Simba Energy Inc. at: 604-641-4450, or visit: www.simbaenergy.ca, or info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622. Or;
Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, or +44 (0)7791 892509.
We seek safe harbour.
Simba energy granted three oil blocks in republic of chad
September 24, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), the onshore Pan-African oil & gas explorer, is pleased to announce that a Protocole d’Accord has been signed between Simba Energy Inc. and the Republic of Chad granting the Company 100% interests in the Production Sharing Contracts (PSCs) on three prospective oil & gas concessions in the Doba, Doseo and Erdis basins. By signing the Protocole d’Accord, both parties agree to finalize the first year work program and execute the PSC documentation by October 20, 2012.
Simba’s Managing Director of Operations, Hassan Hassan stated, “Simba is very enthusiastic about the potential of having secured 100% interests in these three concessions. Each block is potentially a company maker in its own right and nicely complements our existing asset portfolio in terms of long-term growth potential. We consider this a unique and significant early-in opportunity for the Company and its shareholders.”
The first two (adjacent) concessions, comprising a total of 10,111km² in southern Chad are referred to as: “Chari Sud Block I” (6,400km²), and the southern 50% of “Chari Sud Block II” (3,711km²). These blocks lie directly south of Griffiths Energy’s & Glencore International’s DOB, DOI and Borogop blocks where the nearby Mangara and Badila oil fields are located and further proven reserves are currently under advanced appraisal and production development. Gravity and magnetic surveys across both Chari Sud Blocks I & II, along with existing 2D seismic, indicate the same basin morphology as the producing fields. Pipeline infrastructure skirts the NW corner of Chari Sud Block I. The blocks are located in the southern margins of the Doba and Doseo basins as part of the West and Central African Rift System that extends across central Africa from Nigeria to Kenya.
Last week, Glencore International PLC — the Swiss commodities giant — signed an agreement with Griffiths Energy to invest up to US$300 million over three years to earn a 25% working interest in the Mangara and Badila oilfields’ development and future production.
The third concession, Erdis Block III, totalling 15,700km², is located in the southern portion of the Erdis basin (known as the Kufra basin in Libya) which covers approximately 400,000km² extending across NE Chad, NW Sudan, and SE Libya. The Erdis basin is one of several adjacent intracratonic basins across North Africa that share sedimentological and geological history and together form a Palaeozic mega-province where significant current production already exists and substantial potential remains underexplored. There are numerous oil discoveries to the north in Libya while recent seismic on Sudan’s Block 14 to the east looks prospective with two wells planned. With sediments to 11,000 metres ensuring maturity is present, gravity across the entire block also indicates the presence of a major deposition center, which enhances major reservoir development.
To view maps providing location and details of Simba Energy’s above concessions in the Republic of Chad, please visit the Company’s website at www.simbaenergy.ca
About Oil Production in Chad:
With current proven reserves over 1.5 billion barrels, exploration for oil in the Republic of Chad dates back to the 1960’s with first discoveries being made by the mid ‘70’s by the Esso Chad Consortium (ExxonMobil, Chevron, Petronas) and China National Petroleum Corporation (CNPC). The Consortium discovered six fields that have combined reserves of almost a billion barrels of oil. In 2003, the Chad-Cameroon export pipeline was completed. Production from Esso Chad peaked at 220,000b/d and is currently around 115,000b/d or 50% of capacity. Over 400 million barrels of oil have been produced from Chad in the last eight years.
James Dick, P.Geol., P.Eng., Director, and Qualified Person in accordance with National Instrument 51-101, has reviewed and approves the technical disclosure in this news release.
About Simba Energy Inc.
Simba Energy Inc. is an onshore Pan African oil & gas exploration company focused on onshore opportunities across Africa. In addition to having just secured these blocks in Chad, the Company holds 100% interest in the Production Sharing Contract (PSC) for Block 2A in Kenya, 60% interests in Blocks 1 & 2, onshore Republic of Guinea and is awaiting finalizing the PSC for Block 3 in Mali. It also has applications pending for onshore blocks in Liberia and Ghana.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO.
For further information contact Simba Energy Inc. at: 604-641-4450, or visit: www.simbaenergy.ca, or: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622
For Public Relations (UK): Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com,
or + 44 (0)779 189 2509.