Chad

Simba Essel has signed a PSC with the Republic of Chad for a 100% interest in three prospective oil and 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, including processing and reinterpretation of existing 2D seismic. It also includes acquiring at least [750km²] of new 2D seismic data and 400 km² of 3D seismic (or 2D equivalent) data to determine the range of possible drilling opportunities for the second phase that requires two exploration wells.

• Erdis Block III is 15,700km² sq.km
• Significant current production already exists and substantial potential remains underexplored
• Chari Sud Block I is 6,400km² sq.km
• Southern 50% of Chari Sud Block II is 3,711km² sq.km
• Both of the Chari Sud Blocks lie just south of producing oil fields
• 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

Source Rocks & Seal (seal and effective source rock)

• Infracambrian
• Early Silurian Shades

Reservoir Rocks

• Think Cambro-Ordovician & Devonian sands can act as good reservoir rocks

Cap Rock

• Marine shales: Silurian (for Cambro-Ordivision Res.Rock)
• Marine shales: Late silurian (for Unconventional Traps?)
• Fluvial Shales: Tadarat Formation (for Devonian Res.Rock)

Traps

• Seismically tilted fault block
• Stratigraphic