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SMB - Simba Energy - WKN A0YCBD
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Simba Energy shareholder Pinetree Capital buys more shares
Wednesday, May 04, 2011 by Andre Lamberti
Simba Energy (CVE:SMB) shareholder Pinetree Capital Ltd (LON:PNP) has increased its stake in the oil explorer by acquiring a further 500,000 shares.
The venture capital group said it acquired the shares through a series of transactions ending on May 2 2011, and they represent around 0.4 percent of Simba’s issued and outstanding shares.
Pinetree and jointly acting parties now control an aggregate of 11.8 million common shares of Simba, including the newly acquired shares and rights to acquire an additional 5 million shares of Simba upon exercise of certain convertible securities.
In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represent a total of 16.8 million Simba shares, or approximately 11.6 percent of the capital. Pinetree alone would hold 16 million shares, or an 11.1 percent stake.
This transaction was made for investment purposes, Pinetree said.
Pinetree is focused on the small cap market, and its investments are primarily in the resources sector: precious metals, uranium and coal, base metals, oil and gas, and potash, lithium and rare earths.
In March, Simba reported it was making solid progress with production sharing agreements in Liberia, Ghana and Mali.
In Mali the group is awaiting final approval for its hydrocarbon PSA on Block 3. It follows a visit by a delegation of senior company officials which met the government agencies and officials handling its application.
In Liberia, meanwhile, it has submitted an application to turn its hydrocarbon reconnaissance permit into a production sharing agreement. In March it completed negotiations with the national oil company NOCAL and is now just waiting for a meeting with the technical committee to formalise an agreement.
Finally in Ghana, the company hopes to soon get to the final decision phase of its PSA application, which was made at the end of 2010.
Wednesday, May 04, 2011 by Andre Lamberti
Simba Energy (CVE:SMB) shareholder Pinetree Capital Ltd (LON:PNP) has increased its stake in the oil explorer by acquiring a further 500,000 shares.
The venture capital group said it acquired the shares through a series of transactions ending on May 2 2011, and they represent around 0.4 percent of Simba’s issued and outstanding shares.
Pinetree and jointly acting parties now control an aggregate of 11.8 million common shares of Simba, including the newly acquired shares and rights to acquire an additional 5 million shares of Simba upon exercise of certain convertible securities.
In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represent a total of 16.8 million Simba shares, or approximately 11.6 percent of the capital. Pinetree alone would hold 16 million shares, or an 11.1 percent stake.
This transaction was made for investment purposes, Pinetree said.
Pinetree is focused on the small cap market, and its investments are primarily in the resources sector: precious metals, uranium and coal, base metals, oil and gas, and potash, lithium and rare earths.
In March, Simba reported it was making solid progress with production sharing agreements in Liberia, Ghana and Mali.
In Mali the group is awaiting final approval for its hydrocarbon PSA on Block 3. It follows a visit by a delegation of senior company officials which met the government agencies and officials handling its application.
In Liberia, meanwhile, it has submitted an application to turn its hydrocarbon reconnaissance permit into a production sharing agreement. In March it completed negotiations with the national oil company NOCAL and is now just waiting for a meeting with the technical committee to formalise an agreement.
Finally in Ghana, the company hopes to soon get to the final decision phase of its PSA application, which was made at the end of 2010.
http://www.stockhouse.com/bullboards/MessageDetail.aspx?s=SM…
Simba Presentation Dates in UK
Simba-Admin
6/2/2011 5:25:02 PM | | 47 reads | Post #29804671
Rate this
clarity 4
overall quality 4
credibility 5
usefulness 5
Simba Energy will be making a presentation on June 8th at the Proactive One2One investment Forum at the Chesterfield, Mayfair in London. http://www.proactiveinvestors.co.uk/register/event_details/1…The company will also be making a presentation on June 15th at Drapers Hall for the UK - Liberia Investment Forum put on by DMA (Developing Markets Association). The Government of Liberia will be in attendance including the President, Ellen Johnson Sirlearf, as well as the President and CEO of NOCAL (National Oil Company of Liberia), Christopher Nyeor.
Simba's website has a new look as of today. www.simbaenergy.ca
You can also stay connected through facebook and twitter for regular updates
Simba Energy Inc.
1-855-777-4622
info@simbaenergy.ca
Simba Presentation Dates in UK
Simba-Admin
6/2/2011 5:25:02 PM | | 47 reads | Post #29804671
Rate this
clarity 4
overall quality 4
credibility 5
usefulness 5
Simba Energy will be making a presentation on June 8th at the Proactive One2One investment Forum at the Chesterfield, Mayfair in London. http://www.proactiveinvestors.co.uk/register/event_details/1…The company will also be making a presentation on June 15th at Drapers Hall for the UK - Liberia Investment Forum put on by DMA (Developing Markets Association). The Government of Liberia will be in attendance including the President, Ellen Johnson Sirlearf, as well as the President and CEO of NOCAL (National Oil Company of Liberia), Christopher Nyeor.
Simba's website has a new look as of today. www.simbaenergy.ca
You can also stay connected through facebook and twitter for regular updates
Simba Energy Inc.
1-855-777-4622
info@simbaenergy.ca
OIL&GAS JOURNAL
Kenya: Block 2A passive seismic to start in May
http://www.ogj.com/articles/2012/04/kenya-block-2a-3d-seismic-survey-to-start-in-may.html
SIMBA TO COMMENCE SEISMIC WORK AT BLOCK 2A - KENYA
http://www.simbaenergy.ca/news/simba-to-commence-seismic-work-at-block-2a-kenya.aspx
Crew and equipment is scheduled to arrive early May 2012 and we will begin an extensive program acquiring passive seismic survey data.
The acquisition work in the field is expected to take 30 days with a report due within 30 days upon completion of field work.
Geospectra IPDS®
http://www.geodynamics.it/index.php?article_id=71
Kenya: Block 2A passive seismic to start in May
http://www.ogj.com/articles/2012/04/kenya-block-2a-3d-seismic-survey-to-start-in-may.html
SIMBA TO COMMENCE SEISMIC WORK AT BLOCK 2A - KENYA
http://www.simbaenergy.ca/news/simba-to-commence-seismic-work-at-block-2a-kenya.aspx
Crew and equipment is scheduled to arrive early May 2012 and we will begin an extensive program acquiring passive seismic survey data.
The acquisition work in the field is expected to take 30 days with a report due within 30 days upon completion of field work.
Geospectra IPDS®
http://www.geodynamics.it/index.php?article_id=71
July 5, 2012, 12:14 p.m. EDT
Simba Energy Update on Block 2A-Kenya
VANCOUVER, British Columbia, Jul 05, 2012 (BUSINESS WIRE) -- Simba Energy Inc. ("Simba" or the "Company") CA:SMB -9.38% (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."
http://www.marketwatch.com/story/simba-energy-update-on-block-2a-kenya-2012-07-05
Simba Energy Update on Block 2A-Kenya
VANCOUVER, British Columbia, Jul 05, 2012 (BUSINESS WIRE) -- Simba Energy Inc. ("Simba" or the "Company") CA:SMB -9.38% (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."
http://www.marketwatch.com/story/simba-energy-update-on-block-2a-kenya-2012-07-05
Simba Energy Progresses on Block 2A, Onshore Kenya <SMB.V>
http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120718:nBw185501a
VANCOUVER, British Columbia--(Business Wire)--
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.
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 Energy Inc.
604-641-4450
www.simbaenergy.ca
info@simbaenergy.ca
or
Mark Sommer, 1-855-777-4622
or
Ernst & Young LLP
Assistant Director, Mergers & Acquisitions - Oil and Gas
Tabrez R. Khan, +44 (0) 20 7951 4674
tkhan@uk.ey.com
or
For Public Relations (UK):
Lionsgate Communications
Jonathan Charles, + 44 (0)779 189 2509
jcharles@lionsgatecomms.com
Copyright Business Wire 2012
http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120718:nBw185501a
VANCOUVER, British Columbia--(Business Wire)--
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.
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 Energy Inc.
604-641-4450
www.simbaenergy.ca
info@simbaenergy.ca
or
Mark Sommer, 1-855-777-4622
or
Ernst & Young LLP
Assistant Director, Mergers & Acquisitions - Oil and Gas
Tabrez R. Khan, +44 (0) 20 7951 4674
tkhan@uk.ey.com
or
For Public Relations (UK):
Lionsgate Communications
Jonathan Charles, + 44 (0)779 189 2509
jcharles@lionsgatecomms.com
Copyright Business Wire 2012
http://www.proactiveinvestors.co.uk/companies/news/45682/simba-energy-expands-seismic-survey-on-kenyan-onshore-block-2a-45682.html
Simba Energy (CVE:SMB) said acquisition of passive seismic data on its wholly owned Kenyan asset, onshore exploration Block 2A, is well underway.
In addition to targeting the primary lead in Block 2A, and following the assessment of new data, the company has decided to increase the coverage area of the survey from 750 square kilometres to approximately 4,000 square kilometres, 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 (LON:TLW) and Africa Oil Corp.
Simba also announced it has engaged Ernst & Young LLP to advise the company on advancing the value of this asset, including a potential farm-out of Block 2A.
Managing director Hassan Hassan said: "Our work in the field is progressing well.
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," he added.
Simba is a Pan African oil & gas exploration company focused on onshore opportunities across Africa.
Apart from the wholly controlled Block 2A in Kenya, it has a 60 percent interest in Blocks 1 and 2, onshore Guinea and controls Block 3 in Mali. Simba also has applications pending for onshore blocks in Liberia and Ghana.
Simba Energy (CVE:SMB) said acquisition of passive seismic data on its wholly owned Kenyan asset, onshore exploration Block 2A, is well underway.
In addition to targeting the primary lead in Block 2A, and following the assessment of new data, the company has decided to increase the coverage area of the survey from 750 square kilometres to approximately 4,000 square kilometres, 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 (LON:TLW) and Africa Oil Corp.
Simba also announced it has engaged Ernst & Young LLP to advise the company on advancing the value of this asset, including a potential farm-out of Block 2A.
Managing director Hassan Hassan said: "Our work in the field is progressing well.
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," he added.
Simba is a Pan African oil & gas exploration company focused on onshore opportunities across Africa.
Apart from the wholly controlled Block 2A in Kenya, it has a 60 percent interest in Blocks 1 and 2, onshore Guinea and controls Block 3 in Mali. Simba also has applications pending for onshore blocks in Liberia and Ghana.
Sat 21:37
Simba London Pesentation
Beastly Martian
http://www.proactiveinvestors.co.uk/register/event_details/157
The directors of Dart Energy (ASX: DTE), Tangiers Petroleum (AIM: TPET), New Zealand Energy Corp. (TSX-V, OTCQX : NZ) and Simba Energy (TSX-V: SMB) will be presenting:
Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
Simba London Pesentation
Beastly Martian
http://www.proactiveinvestors.co.uk/register/event_details/157
The directors of Dart Energy (ASX: DTE), Tangiers Petroleum (AIM: TPET), New Zealand Energy Corp. (TSX-V, OTCQX : NZ) and Simba Energy (TSX-V: SMB) will be presenting:
Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
Try these for Simba
http://uk.advfn.com/cmn/fbb/thread.php3?id=24313300
http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=SMB&t=LIST
http://www.proactiveinvestors.co.uk/register/event_details/157
The directors of Dart Energy (ASX: DTE), Tangiers Petroleum (AIM: TPET), New Zealand Energy Corp. (TSX-V, OTCQX : NZ) and Simba Energy (TSX-V: SMB) will be presenting:
Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception
http://uk.advfn.com/cmn/fbb/thread.php3?id=24313300
http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=SMB&t=LIST
http://www.proactiveinvestors.co.uk/register/event_details/157
The directors of Dart Energy (ASX: DTE), Tangiers Petroleum (AIM: TPET), New Zealand Energy Corp. (TSX-V, OTCQX : NZ) and Simba Energy (TSX-V: SMB) will be presenting:
Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception
Simba Energy Completes Passive Seismic Survey on Block 2A, Onshore Kenya <SMB.V>
VANCOUVER, BRITISH COLUMBIA, Aug 22 (MARKET WIRE) --
Editors note: There is one infographic associated with this press
release.
Simba Energy Inc. ("Simba" or the "Company") (TSX
VENTURE:SMB)(FRANKFURT:GDA)(OTCQX:SMBZF), the pan-African oil & gas
explorer, is pleased to announce the successful completion of 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 a very 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.
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 Worldwide
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 GeoDynamics Worldwide's
website, www.gww.uk.com for further details.
We seek safe harbor.
To view the infographic associated with this press release, please visit
the following link:
http://media3.marketwire.com/docs/simba-release-aug.jpg.
Image Available: http://media3.marketwire.com/docs/simba-release-aug.jpg
VANCOUVER, BRITISH COLUMBIA, Aug 22 (MARKET WIRE) --
Editors note: There is one infographic associated with this press
release.
Simba Energy Inc. ("Simba" or the "Company") (TSX
VENTURE:SMB)(FRANKFURT:GDA)(OTCQX:SMBZF), the pan-African oil & gas
explorer, is pleased to announce the successful completion of 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 a very 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.
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 Worldwide
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 GeoDynamics Worldwide's
website, www.gww.uk.com for further details.
We seek safe harbor.
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Simba Energy Boosts Its Technical Team
Simba Energy Inc. SMB
3/4/2013 3:01:00 AM
Simba Energy Boosts Its Technical Team
Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to announce two key appointments to the Company’s technical team in London: Mr. Oleg-Serguei Schkoda as Vice President, Exploration & Project Management and Ms. Katia Russo, Geoscientist.
Mr. Schkoda, 42, is an upstream oil & gas executive with an 18 year career that has spanned the globe with postings in Europe, North America, Asia, Africa and the Middle East. He has acquired a wide range of oil & gas expertise from the early stages of exploration to acquiring seismic to drilling to production. In particular, Oleg has extensive operational experience throughout Africa.
Holding a Masters in Mining Exploitation (Brussels) and Petroleum Geology (Nancy, France), Oleg first worked as a reservoir engineer for Petrofina’s exploration department before completing a Master of Petroleum Engineering at the IFP (Institut Français du Pétrole) in Paris.
He has also worked for Schlumberger and was a reservoir specialist for Baker Hughes. Most recently, Oleg was Vice President for Cougar Drilling Solutions, a Canadian directional drilling service company active in Africa.
Mr. Schkoda is fluent in several languages including English and French.
Ms. Katia Russo received a First Class BEng (Hons) in Petroleum Engineering from London South Bank University and is completing a MSc in Petroleum Engineering from Heriot-Watt University in Edinburgh. She also holds a BA (Hons) in Management from West London University.
Katia has previously worked as a Reservoir Engineer for Petrophase’s Enhanced Oil Recovery Projects.
Mr. Hassan Hassan, Managing Director of Operations for Simba, remarked:
“These key additions to our technical management team put the Company in a better position to implement its aggressive exploration and farm-out strategy. Our primary objective is to develop further our Kenya and Chad concessions that continue to attract attention from a variety of international oil & gas companies.”
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 of) interests in six prospective oil & gas exploration concessions in Kenya, Chad, Guinea, Liberia, Ghana and Mali.
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 with the Republic of Chad for a 100% interest in three prospective oil & gas blocks within the Doba, Doseo and Erdis basins.
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.
For further information, please 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 Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, + 44 (0)779 189 2509.
We seek safe harbor.
Simba Energy Inc. SMB
3/4/2013 3:01:00 AM
Simba Energy Boosts Its Technical Team
Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to announce two key appointments to the Company’s technical team in London: Mr. Oleg-Serguei Schkoda as Vice President, Exploration & Project Management and Ms. Katia Russo, Geoscientist.
Mr. Schkoda, 42, is an upstream oil & gas executive with an 18 year career that has spanned the globe with postings in Europe, North America, Asia, Africa and the Middle East. He has acquired a wide range of oil & gas expertise from the early stages of exploration to acquiring seismic to drilling to production. In particular, Oleg has extensive operational experience throughout Africa.
Holding a Masters in Mining Exploitation (Brussels) and Petroleum Geology (Nancy, France), Oleg first worked as a reservoir engineer for Petrofina’s exploration department before completing a Master of Petroleum Engineering at the IFP (Institut Français du Pétrole) in Paris.
He has also worked for Schlumberger and was a reservoir specialist for Baker Hughes. Most recently, Oleg was Vice President for Cougar Drilling Solutions, a Canadian directional drilling service company active in Africa.
Mr. Schkoda is fluent in several languages including English and French.
Ms. Katia Russo received a First Class BEng (Hons) in Petroleum Engineering from London South Bank University and is completing a MSc in Petroleum Engineering from Heriot-Watt University in Edinburgh. She also holds a BA (Hons) in Management from West London University.
Katia has previously worked as a Reservoir Engineer for Petrophase’s Enhanced Oil Recovery Projects.
Mr. Hassan Hassan, Managing Director of Operations for Simba, remarked:
“These key additions to our technical management team put the Company in a better position to implement its aggressive exploration and farm-out strategy. Our primary objective is to develop further our Kenya and Chad concessions that continue to attract attention from a variety of international oil & gas companies.”
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 of) interests in six prospective oil & gas exploration concessions in Kenya, Chad, Guinea, Liberia, Ghana and Mali.
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 with the Republic of Chad for a 100% interest in three prospective oil & gas blocks within the Doba, Doseo and Erdis basins.
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.
For further information, please 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 Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, + 44 (0)779 189 2509.
We seek safe harbor.
