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.
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.
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.
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.
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
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
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.