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Simba energy investor presentations

September 12, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer with assets in Kenya, Guinea, Mali and Liberia, today presented at the Nomura Upstream Conference and will be presenting at the Oilbarrel investor conference in London tomorrow.

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.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the exploration merits of the property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating commodity prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable securities legislation.

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Simba energy completes passive seismic survey on block 2a, onshore kenya

August 22, 2012, Vancouver, B.C., Canada.Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to announce the successful completionof the first phase of field work on Block 2A, onshore Kenya where the Company currently holds a 100 % interest in the Production Sharing Contract (PSC) for this concession.

The passive seismic data collected from 218 listening stations covered the Company’s existing three leads. Data results obtained were reported by GeoDynamics Worldwide as being of high (clean) quality and expected to correlate well with existing 2D seismic during processing. The final report and interpretations are expected soon. Additionally the Company carried out the collection of 675 geochemical samples on Block 2A. These will be analyzed with results being incorporated into the Block 2A geological interpretation.

At the strongest lead, with 4-way closure already confirmed by reprocessed 2D seismic, the passive seismic survey’s preliminary field data considerably increased the exploration potential and resulted in the decision to infill the listening pattern. The Company’s technical team will now follow up with targeted 2D and or 3D seismic programs in order to better determine the location of its first exploration well on this concession.

To highlight the program’s success, Simba’s Chief Technical Officer & Director, and Qualified Person in accordance with NI 51-101, James Dick remarked, “I am very pleased with the results of this program to date. After the passive seismic data has been processed and interpreted our plan had been to shoot up to 500 kilometres of 2D seismic. Now a smaller amount of 2D and or 3D seismic is required to locate the first well. This passive seismic survey has accelerated the exploration phase on Block 2A and has moved us closer to a drilling program. Getting to this stage so early in the exploration program is avery positive development for the Company and its shareholders.”

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.

Click here to view the infographic version of this release or enter this url:http://bit.ly/ML9dry

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 (Canada), -in the United Kingdom, Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, or +44 (0)779 189 2509.

About Simba Energy Inc.

Simba Energy Inc. is a Pan African oil & gas exploration company focused on onshore opportunities across Africa. Simba holds a 100% Production Sharing Contract (PSC) for Block 2A in Kenya, 60% interest in Blocks 1 and 2, onshore Republic of Guinea, and has Block 3 (onshore) Mali. Simba also has applications pending for onshore blocks in Liberia and Ghana.

About GeoDynamicsWorldwide

GeoDynamics Worldwide is an international oil service and investment company with offices in Italy, the United Kingdom, USA and Abu Dhabi. Its main objective is to help fellow oil and gas companies reduce risk in all phases of hydrocarbon field management including exploration, hydrocarbon identification, development drilling, production monitoring and field rejuvenation, through the application of low frequency passive seismic methods as a positive hydrocarbon indicator.See GeoDynamicsWorldwide’s website, www.gww.uk.com for further details

We seek safe harbor.

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Simba energy confirms oil seeps in guinea

August 07, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, with approval of the OGRPP (de l’Office Guineen de Recherche et de Promotion Petrolieres) has completed an educational lecture and field trip in the Republic of Guinea.

Simba Energy’s James W. Dick, Chief Technical Officer & Director, conducted an educational lecture that combined boardroom presentation and a field trip to visit the Company’s concession. The lecture held at the OGRPP (de l’Office Guineen de Recherche et de Promotion Petrolieres) was attended by over 30 geologic and technical staff.

The field trip to Simba’s Block 2 identified and sampled numerous oil seeps and a contaminated (unpalatable) water well. Many samples were taken for laboratory analysis to confirm the presence of hydrocarbon. Preliminary tests on two samples showed significant florescence confirming the presence of hydrocarbon.

The Company has also opened an office in Conakry, complete with locally hired support staff and a Country Manager.

Simba Energy’s James Dick remarked, “…with this trip we firmly established Simba’s presence on the ground in Guinea. We are very pleased with the magnitude and number of seeps found, with hydrocarbon odor present at some of these locations. The Company is pleased with its progress to date and will continue with its activities to prepare for further appraisal work.”

The Company holds a 60% operating interest in the PSC (Production Sharing Contract) for onshore Blocks 1 & 2, comprising 12,000 square kilometres in the Bove Basin. The Company’s upcoming appraisal and planned seismic work as part of the PSC is supported by the following (historical) highlights and rationale:

  • Confirmed presence and size of seeps prove migration and communication have taken place in the basin
  • In 1989, the French laboratory Beicip, performed a detailed analysis which indicted the level of maturity was mature to over mature and the source was likely oil prone
  • Silurian shales which are the major source rock in all the northern African basins are present and in communication with thick porous Ordovician sands
  • Three reservoir systems are present in the basin with fair to good reservoir parameters (both clastic sediments and carbonates)
  • An earlier gravity survey over the entire basin indicated sediments were present up to a depth of 4,000 meters and confirms Simba’s concession covers two basement deeps as well as the northwest flank
  • The Bove basin’s tectonic style can form structures that produce traps capable of pooling large reserves
  • The Cretaceous overlies the Devonian in the North West corner of Block 1 with many of the wells drilled in Guinea Bissau lying just to the north (of Block 1) encountered light oil staining in core and samples
About Simba Energy Inc.

Simba Energy Inc. is a Pan African oil & gas exploration company focused on onshore opportunities across Africa. Simba holds a 100% Production Sharing Contract (PSC) for Block 2A in Kenya, 60% interest in Blocks 1 and 2, onshore Republic of Guinea, and has Block 3 (onshore) Mali. Simba also has applications pending for onshore blocks in Liberia and Ghana and continues evaluating and assessing other strategic assets throughout sub-Sahara Africa.

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.

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Simba energy progresses on block 2a, onshore kenya

July 18, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to provide an operations update on its activities at Block 2A, onshore Kenya. Simba holds a 100 % interest in the Production Sharing Contract (PSC) for Block 2A.

The acquisition of passive seismic data is well underway. In addition to targeting the primary lead in Block 2A, and following the assessment of new data, the Company has now decided to increase the coverage area of the passive seismic survey five-fold from 750 sq.kms to approximately 4,000 sq.kms, utilizing 218 data/listening stations, as well as add a geochemical survey during this current phase of fieldwork. This area, lying within a junction of two basin trends, is believed by Simba’s technical staff to be geologically analogous to the area in Block 10BB drilled by Tullow Oil plc & Africa Oil Corp.

In addition, the Company is also pleased to announce that it has formally engaged Ernst & Young LLP to advise the Company on advancing the value of this exciting asset, including a potential farm-out of Block 2A.

Hassan Hassan, Managing Director of Operations said, “Our work in the field is progressing well. This decision to expand the coverage area of passive seismic, also adding the geochem study, coupled with existing 2D, gravity and aeromagnetic surveys most definitely serves to better appraise the true extent of Block 2A’s exploration potential. Further, with the considerable interest generated in the region by the recent oil discovery at Block 10BB, having Ernst & Young’s Oil & Gas team sign on to help us advance this concession in the best possible manner for the Company, including a possible farm-out, is definitely another very positive step so early on.”

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.

Tabrez R. Khan, Assistant Director, Mergers & Acquisitions – Oil and Gas Ernst & Young LLP,
tkhan@uk.ey.com, or +44 (0) 20 7951 4674,

For Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, or + 44 (0)779 189 2509.

About Simba Energy Inc.

Simba Energy Inc. is a Pan African oil & gas exploration company focused on onshore opportunities across Africa. Simba holds a 100% Production Sharing Contract (PSC) for Block 2A in Kenya, 60% interest in Blocks 1 and 2, onshore Republic of Guinea, and has Block 3 (onshore) Mali. Simba also has applications pending for onshore blocks in Liberia and Ghana.

About GeoDynamics Research S.R.L.

GeoDynamics is the innovator and leader in Low Frequency Passive Seismic Spectroscopy (IPDS®), applied to detect and monitor hydrocarbon reservoirs in exploration areas and developed fields by employing GeoDynamics Research’s patented technology, Geospectra IPDS®. Today GeoDynamics Research S.R.L operates worldwide providing Passive Seismic Data Acquisition, Passive Seismic Data Processing, Analysis, Interpretation and Research & Development. For more information about the company or Passive Seismic technology visit: www.geodynamics.it

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Simba grants stock options

Vancouver, BC, Canada – July 12, 2012 – Simba Energy Inc. (the “Company”) announces that it has granted under its stock option plan, which is subject to the acceptance of the TSX Venture Exchange,stock options to its directors, officers, and consultants, for the purchase of 4,500,000 common shares of the Company for a period of five years at a price of $0.13 per share.

ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO

For further information, contact Robert Dinning, President and CEO of the Company at: rdinning@simbaenergy.ca Telephone: 604-641-4450 Facsimile: (855) 557 4622

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Simba energy update on block 2a-kenya

July 5, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”)(TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), is pleased to announce that the Company participated in a stakeholders meeting held on July 2nd in Wajir, the largest community within the Company’s Block 2A concession area, onshore Kenya.

Approximately fifty people were in attendance including local district commissioners and councillors for the three regions comprising Block 2A (Wajir East, Wajir West and Wajir South), with members of the local business community and people from local villages also in attendance. Simba’s management visited the region to formally introduce the Company to the citizens of Wajir and the local districts and to establish a good working relationship as part of its appraisal for Block 2A’s hydrocarbon potential.

Simba’s Managing Director of Operations, Hassan Hassan and other Company officials were graciously welcomed by both dignitaries and citizens in attendance. After the Company’s presentation of its plans for the exploration and potential development on Block 2A the Company heard concerns about both employment opportunities for local citizens as well as any possible detrimental environmental impact from the work to be carried out in the area.

The Company emphasized its universal policy of hiring as many local people as possible and also confirmed that local labour from Wajir and surrounding districts had already been hired for short-term activities. Further commitments were made during the meeting to minimize any environmental impact, work closely with the community on all local matters, while keeping everyone properly informed of the Company’s current and future activities going forward.

Simba’s Hassan Hassan said, “It was very gratifying to be welcomed so warmly by the people and local officials in Wajir and surrounding communities. The stakeholders meeting was very important both for us to introduce ourselves but also to listen and understand particular local concerns. We are confident going forward with our activities in a cooperative manner and hope to make a significant contribution as a new member of the community.”

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on under explored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Guinea, Ghana and Kenya). The Company’s Senior Management believes these regions have shown increased promise for the development of new hydrocarbon deposits and therefore 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;

For Public Relations (UK), Lionsgate Communications,

Jonathan Charles, jcharles@lionsgatecomms.com, or + 44 (0)779 189 2509.

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Simba Energy Receives Sproule’s Resource Assessment Report For Block 2A – Onshore Kenya

June 12, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), is pleased to announce that independent petroleum consultant Sproule Associates Limited (“Sproule”) has completed a technical report compliant to NI 51-101 and CPR (Competent Persons Report) standards in respect of Simba’s holding, a 100% interest in the PSC (Production Sharing Contract) for onshore Block 2A, Kenya, comprising 7,802 sq.km within the Madera-Lugh basin, near the juncture with the Anza basin and Lamu Embayment/Basin.

Utilising the existing 500km of 2D seismic, Sproule’s report has defined three prospective leads at four representative seismic horizons. Five horizons have been carried in the interpretation. For this initial assessment, the Gross Unrisked Undiscovered Petroleum Initially In-Place, (Mean) was 1,927.1MMboe and the Gross Unrisked Prospective Resources (Mean) was 445.3MMboe. The Total Gross Risked Mean Prospective Resources was 26.9MMboe. See also table below.

Table: Initial Resource Assessment of Block 2A – First Three Leads

(Source: Sproule and Associates Ltd.)

Lead Zones Gross Unrisked *Undiscovered Petroleum Initially In-Place, (Mean) MMboe Gross Unrisked **Prospective Resources (Mean) MMboe Gross Risked Mean Prospective Resources (Mean) MMboe
1 Ken 5 507.2 117.2 10.5
  Syn-Rift 2 413.5 95.5 3.8
  Syn-Rift 1 326.4 75.4 1.5
2 Ken 5 180.9 41.8 3.8
  Syn-Rift 2 128.7 29.8 1.2
  Syn-Rift 1 98.3 22.7 0.5
3 Ken 5 272.1 62.9 5.7
Total   1,927.1 445.3 26.9

*Undiscovered Petroleum Initially-In-Place (equivalent to undiscovered resources) is that quantity of petroleum that is estimated, on a given date, to be contained in accumulations yet to be discovered. The recoverable portion of undiscovered petroleum initially in place is referred to as “prospective resources,” the remainder as “unrecoverable.”

**Prospective Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective Resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be subclassified based on project maturity.

As its main conclusion, Sproule’s report confirms the exploration potential of Block 2A and supports existing plans to further delineate these leads as proposed with additional passive micro-seismic, 2D or 3D seismic, and gravity gradiometer surveys.

The Company’s exploration plans for Block 2A include:

  • Continued data gathering and review of technical reports, satellite imagery, and interpretation of existing 2D seismic, gravity and magnetometer as well as carry out block-wide field geological and geochemical studies.
  • GeoDynamics S.R.L. of Italy is conducting an Infrasonic Passive Differential Spectroscopy (IPDS) seismic survey covering 4,000 sq.km with 250 measurement points on a variable spacing.
  • Areas of potential identified by the passive micro-seismic survey will be further evaluated by conventional 3D or 2D seismic and/or gravity gradiometer prior to selecting a drill site.
  • An additional 1,000 km of 2D seismic .
  • Design a drilling program to evaluate top leads derived from the above seismic programs.

Robert Dinning, Simba’s President & CEO remarks, “we are delighted to provide our shareholders with this independent opinion from Sproule. It reaffirms our technical team’s initial premise to target Block 2A during the application process as it was highly prospective with great potential for significant accumulations. While it is encouraging to have Sproule’s assessment for exploration potential for this area of interest within Block 2A, including a very strong lead, we now also believe it is relevant to note how this same area lies within the junction of two (basin) trends as being geologically similar to the successful Ngamia-1 well, recently drilled by Tullow Oil and Africa Oil, that is also located at the junction of two trends. As a next step we see our passive seismic program as offering a very strong compliment to the existing seismic we have for these leads. We definitely have an exciting, active and funded exploration program now in place for Block 2A and will look forward to the work of proving up our resources in the license.”

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. For further reference Sproule’s full report will be made available on the both the Company’s website as well as SEDAR.

About Sproule Associates Limited

Sproule is a premier, independent petroleum consulting firm with expertise in geology, geophysics and petroleum engineering, anchored by over 60 years of experience and widely recognized for their expertise and independence in providing clients with a wide range of services, leveraging their expertise in understanding and evaluating unconventional and conventional hydrocarbon assets worldwide. This world class expertise is built on a wealth of experience and proprietary datasets with more than 19,000 projects completed for over 4,300 clients since inception in 1951 and with direct experience from work in every oil and gas region of the world. Sproule has significant previous experience in Kenya, including recent Competent Person’s Reports and resource studies conducted for a number of the blocks adjacent to Block 2A.

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.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the exploration merits of the property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating commodity prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable securities legislation.

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Simba Energy receives final approval for 60% interest in blocks 1 & 2 onshore Guinea

May 24, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the”Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), is pleased to announce that it has received final approval for 60% of the Production Sharing Contract (PSC) in blocks 1 & 2, onshore Guinea from the Republic of Guinea’s Minister of Mines and Geology (Le Ministere des Mines et de la Geologie).

To view the infographic version of this release click here or visit the Company’s website.

The two blocks total 12,000 sq.km onshore in the Republic of Guinea’s Bove basin, which has extensive presence of surface oil seeps and three known reservoir systems with fair to good reservoir parameters in both clastic sediments and carbonates. It is Management’s view that blocks 1 & 2 possess significant hydrocarbon exploration potential that supports taking an aggressive near-term exploration approach.

The following points highlight the exploration potential for Blocks 1 & 2:

  • Migration and communication are demonstrated by the presence of abundant seeps, large accumulations of bio-degraded heavy oil at surface, along with light oil staining in earlier (historical) core and samples.
  • Laboratory analysis carried out in 1989 on samples from two wells Beicip (France) indicated a level of maturity as “mature to over mature” and a source that is likely oil prone.
  • Silurian shales, which are the major source rock in all North African basins, are present.
  • The basin has three known reservoir systems with fair to good reservoir parameters in both clastic sediments and carbonates.
  • A gravity and magnetometer survey carried out over the entire basin in 1972 by Texas Geophysical Company indicates sediments were present up to a depth of 4,000 metres and identified numerous anomalies, the magnitude of which remain of great interest.
  • Most of the basin’s wells were drilled prior to the 1960’s and were too shallow to fully evaluate the section.
  • The tectonic style of the Bove basin is conducive to the formation of structures that produce traps capable of pooling large reserves.

Simba is set to provide 100% funding of all program costs in the first year, and 60% of all program costs thereafter.

Robert Dinning, President & CEO remarks, “We are pleased to have received formal approval of this transaction, including the right to be the operator, and can now proceed with the investment necessary to explore an asset that we believe has great exploration potential. Simba is the first Canadian company to explore for oil and gas in onshore Guinea. We will initiate the seep survey in the near future covering a number of specific target areas with known seeps.”

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.

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 Kenya, Guinea, Liberia, Mali and Ghana). 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.

Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, or +44 (0)7791 892509.

We seek safe harbour.

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Simba Energy Closes Private Placement for Gross Proceeds of $4.242 Million

Simba Energy Inc. (the ‘Company‘) (TSX Venture: SMB) (Frankfurt: GDA) (OTCQX: SMBZF) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement‘) raising gross proceeds of $4,242,900.

Pursuant to the Private Placement, 53,036,250 units (the ‘Units’) were issued at $0.08 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (a ‘Warrant‘). Each Warrant is exercisable into one common share of the Company for a period of 24 months from closing at an exercise price of $0.16 per share.

The proceeds of the Private Placement will be used for advancing all outstanding Production Sharing Contracts (PSC) and for general working capital.

In connection with the Private Placement the Company issued to certain finders 1,209,000 warrants, each warrant is exercisable into one common share of the Company for a period of 24 months from closing at an exercise price of $0.16 per share. The securities issued with respect to the Private Placement are subject to a four month hold period in accordance with applicable Canadian securities laws.

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 Kenya, Liberia, Mali, Guinea and Ghana). 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

We seek safe harbour

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Simba to commence seismic work at block 2a – Kenya

April 13, 2012 Vancouver, British Columbia, Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) is pleased to report it has been notified by GeoDynamics Research S.R.L. (Italy) that on site reconnaissance of its 100% interest in Block 2A – Kenya is to commence in April. Crew and equipment is scheduled to arrive early May 2012 and we will begin an extensive program acquiring passive seismic survey data.

The scope of this survey covers 750 square kilometers with 250 MPS (measuring points) on 2 km spacing to identify, and evaluate areas with hydrocarbon potential on Simba’s Block 2A.

James W. Dick, P Geol., P. Eng., (APEGGA), and Qualified Person in accordance with NI 51-101, and a Director of the Company remarks “The planned survey covers a portion of both basins within Block 2A where the Company has already identified 2 exploration leads by re-working existing 2D seismic data. These existing exploration leads will receive the immediate focus along with any additional leads identified from ongoing 2D re-interpretation. The potential areas identified will be further evaluated by conventional seismic most likely 3D or 2D and/or gravity gradiometer prior to selecting a drill site.”

The acquisition work in the field is expected to take 30 days with a report due within 30 days upon completion of field work.

About Passive Seismic Spectroscopy (IPDS®)

Infrasonic Passive Differential Spectroscopy (IPDS) is a direct hydrocarbon indictor process which utilizes high sensitivity seismometers. The seismometers presently used are even more sensitive and are used in an extensive worldwide grid monitoring the earth’s subsurface seismic activity. This grid identifies the background noise as a frequency spectrum.

IPDS detects low frequency in the 1-8 Hz range as spectral signatures over hydrocarbon reservoirs. A hydrocarbon reservoir is a frequency converter and deforms the frequency of the natural earth noise. These deformed signals on spectroscopic analysis produce unique spectral signatures which are used as Direct Hydrocarbon Indication. IPDS technology has been tested in numerous basins and reservoirs all around the world in areas including currently producing, depleted, abandoned fields and virgin reservoirs. In over 120 surveys it has proven to be correct 80% of the time which is a marked improvement in the current wildcat success ratio. Its use on Simba’s Block 2A to evaluate known structures should move the Exploration program ahead by at least one or two years while reducing risk.

For more information on this technology and GeoDynamics visit www.geodynamics.it.

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 Kenya, Liberia, Guinea, Mali and Ghana). 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.

We seek safe harbour.

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