Vancouver, BC, Canada – October 21, 2010 – Simba Energy Inc. (TSX.V: SMB), the oil and gas exploration company with a focus towards the African countries of Liberia, Mali, and Ghana, announces the following update on its activities:
Mr. Robert Dinning, President and CEO, is pleased to report that Simba Energy Inc. has successfully hosted a delegation from the National Oil Company of Liberia (NOCAL) at its Head Office in Vancouver, Canada. The purpose of the visit was to review Simba`s application to convert its hydrocarbon reconnaissance permit to a Production Sharing Agreement (PSA).
Robert Dinning remarks, “The Company was able to demonstrate the merits of Simba`s PSA application to the satisfaction of these officials and is excited to be moving forward with the company’s targeted goals.” The application is now before the NOCAL technical committee for review.
ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO
For further information contact Simba Energy Inc., Robert Dinning, Chief Executive Officer at 604 641 4450, or:
Conduit PR (London)
Jonathan Charles +44 (0)20 7429 6611
+44 (0)7791 892509
About Simba Energy Inc.
(TSX.V: SMB) Simba Energy Inc., through its Liberian subsidiary company, holds Hydrocarbon Reconnaissance License No. NR-001 for onshore coastal Liberia in the Roberts-Bassa basin. This onshore license covers an area of 1,366 sq. kms of the onshore coastal strip of Liberia and, according to outcrop data produced by the US Geological Survey, indicates that this area is connected laterally and down-dip with the West African – Atlantic conjugate continental margin.