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Simba Energy (SMBZF) (TSXV:SMB)

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Last Post: 11/21/2016 10:58:24 AM - Followers: 18 - Board type: Free - Posts Today: 0
http://seekingalpha.com/article/242358-go-long-on-oil-equities-steve-palmer?source=yahoo



Website:  http://www.simbaenergy.ca/

OTC:BB  SMBZF


Share in issue  226 million   
Warrants              53.8 million
Options                 12 million
Fully diluted        291.8 million

As of Sep 24, 2102


Major institutional shareholders include:


• Alpha North
• Pinetree Capital
• Expedition Capital (Hong Kong)
• Prophet Fund

Simba is seeking a full Toronto
listing for an eventual dual-listing
onto London's AIM Market.

Low free float and high Insider and Institutional Holdings




Exploration Assets:

Kenya


100% interest in Onshore Block 2A (7,801.72 km2) overlies the southern tip of the Mandera Basin while the southwest corner of the block extends into the Anza Basin.

Block 2A also has excellent potential for significant oil and gas discoveries.

The original undertaking was to investigate and ascertain the hydrocarbon potential at the Company's three targets (P1, P2, P3) by first employing a block survey using passive seismic to confirm or identify areas of hydrocarbon potential to be followed up with 2D seismic for structure definition.

This first phase of passive seismic has confirmed P1 to be comprised of two distinct and sizeable leads with excellent hydrocarbon response lying east and SSE of the city of Wajir. The first lead in P1 with an area of 29km² demonstrates the highest level of hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey; the second and likely related lead is over 100km² in size with good response for hydrocarbon potential and lies from 8km to 20km+ to the SW.




Existing Passive Seismic


Chad

100% interest in thre oil & gas exploration blocks in the Doba, Doseo and Erdis basins.

The PSC for all three blocks have an initial exploration phase of five years and a second exploration phase of two 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.

Erdis Block III is 15,700 sq.km   - Significant current production already exists and substantial potential remains underexplored

Chari Sud Block I is 6,400 sq.km

Southern 50% of Chari Sud Block II is 3,711 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

Tie in potential for the two southern blocks to the existing Chad-Cameroon export pipeline which runs past the corner of Chari Sud Block I





Guinea


Simba Energy has signed an Agreement to acquire a 60% interest in the Production Sharing Agreement (PSA) for Blocks 1 & 2 comprising 12,000 square kilometres onshore in the Republic of Guinea's Bove basin.  After conducting both site investigation and detailed review of available technical data, the company's geological staff concluded Blocks 1 & 2 represent significant potential for oil and gas in a basin that remains relatively underexplored.

A work program, including planning for commencement of a seismic program, will proceed immediately after receipt of final approval from the Minister of Mines. Simba recently conducted a detailed review of technical data on Blocks 1 & 2 and concluded a significant potential for oil and gas exists.



Liberia


The Company acquired 90% of International Resource Strategies Liberia Energy, Inc. ("IRSLE"), a private company domiciled in Liberia, West Africa. IRSLE is the holder of the onshore reconnaissance license for the Roberts and Bassa basins.

This onshore reconnaissance license covers the 1,366 sq kms of the onshore coastal strip of Liberia lying within the known extent of the Roberts-Bassa Basin.  Although there are no published studies of this basin, existing field and geological outcrop data produced by the US Geological Survey indicate that it is connected laterally and down-dip with the West African - Atlantic conjugate continental margin.


Mali



Ghana

Simba Energy submitted its application for a PSC for an onshore block in Ghana. The block is located in Voltan Basin, which could represent a large gas play.




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SMB News: Suspension de la négociation par l'OCRCVM - SMB 11/04/2016 08:19:00 AM
SMB News: IIROC Trading Halt - SMB 11/04/2016 08:16:00 AM
PostSubject
#209   they didn't file the quarterly report or something jcanada 11/21/16 10:58:24 AM
#208   so...what happened here??? oldoil 11/21/16 10:43:03 AM
#207   OTC Markets shows this trading again. otterman 11/14/16 06:42:16 PM
#206   Filings and certifications were filed on Nov 7, otterman 11/09/16 04:01:32 PM
#205   MMs are keeping their orders active so I otterman 11/08/16 01:40:28 PM
#204   Sure would be nice to know what happened. otterman 11/07/16 12:59:13 PM
#203   Buyout? otterman 11/04/16 04:35:07 PM
#202   Simba halted this morning! otterman 11/04/16 10:19:54 AM
#201   good to see a couple of you from jcanada 09/18/16 01:37:38 PM
#200   So far there are none except the IHUB itself jsc52033 09/18/16 11:16:06 AM
#199   Thanks Jim oldoil 09/17/16 08:22:46 PM
#198   Carl not sure I dropped my TD account jsc52033 09/17/16 12:35:10 PM
#197   , available on Etrade or TD Ameritrade? oldoil 09/17/16 11:23:06 AM
#196   Does anyone know if the management group has matt51 09/12/16 06:54:29 PM
#195   Exploration in Kenya’s Block 2A Paralyzed After Row EastAfricaOil 08/29/16 06:52:59 AM
#194   Essel, Simba to Acquire New Rig to Drill EastAfricaOil 08/25/16 07:59:54 AM
#193   SMB heating up manuel06 08/24/16 07:23:11 AM
#192   thanks please keep information coming jsc52033 07/30/16 05:07:17 PM
#191   Simba Energy to drill well in Kenya’s Block EastAfricaOil 07/18/16 06:29:20 PM
#190   lets get some investors posting on this board. jcanada 06/13/16 09:20:26 AM
#189   Simba Energy to Commence 2D seismic in Kenya’s EastAfricaOil 06/05/16 03:11:48 PM
#188   SimbaEnergy Increases Private Placement to $2.15 Million http://ow.ly/4nu6gL p EastAfricaOil 05/06/16 04:26:35 PM
#187   Essel private placement at .05 2IRAs 04/21/16 09:02:38 PM
#186   Volume alert - almost 700% of average. If otterman 04/12/16 11:32:15 AM
#185   Added another 37k this morn. otterman 04/11/16 10:54:09 AM
#184   Simba Energy Raises $2.1 Million To Fund Exploration EastAfricaOil 01/28/16 02:33:34 AM
#183   News out just now. Definitive Agreement completed. otterman 12/03/15 12:42:43 PM
#182   Simba Energy to Acquire 2D seismic in Kenya’s EastAfricaOil 12/01/15 04:41:12 AM
#181   SMB.v SMBZF Tidy 10 bagger (hit .105 on howestreetbull 08/30/15 09:59:19 AM
#180   Simba Energy (V.SMB) goes crazy, jumps 60%, on howestreetbull 08/28/15 07:43:35 AM
#179   Nice. Good volume on the resumption. I wonder otterman 08/27/15 10:20:09 PM
#178   Simba receives Kenya OK for Essel farm-out deal howestreetbull 08/27/15 03:01:29 PM
#177   Halted. VANCOUVER, Aug. 27, 2015/ CNW/- The following otterman 08/27/15 10:47:25 AM
#176   SMB.v/SMBZF Insider Buying...always nice to see...cheers...hsb howestreetbull 06/19/15 09:13:06 AM
#175   SMBZF/ SMB.v ...Indian media coverage here... fyi howestreetbull 06/10/15 02:26:55 PM
#174   Tks otterman 06/08/15 03:16:11 PM
#173   SMBZF Simba Energy to grant Essel 60% interest howestreetbull 06/08/15 02:19:48 PM
#172   News out this morn. Trying to find a otterman 06/08/15 10:57:11 AM
#171   SMB.v Weekly TA howestreetbull 06/08/15 07:29:21 AM
#170   SMB.v Weekly TA Update howestreetbull 05/16/15 10:58:25 AM
#169   SMB.v now attacking the 0.04(+60%) level...congrats to those howestreetbull 05/06/15 01:08:52 PM
#168   SMB.v cleaning up the 0.03 level(+20%)...nice howestreetbull 05/06/15 10:56:07 AM
#167   SMB.v Weekly TA howestreetbull 05/03/15 11:29:27 AM
#166   SMB.v seeing indications of a potential bottom formation howestreetbull 04/24/15 12:08:37 PM
#165   SMB.v SIMBA UPDATES ON BLOCK 2A, KENYA howestreetbull 12/19/14 01:10:06 PM
#164   Here's what Mark Sommer said in reply to dat_51or 12/17/14 02:49:25 PM
#162   Accueil> INTERNATIONAL Softnet 11/01/14 01:08:46 PM
#161   Actually Interactive Brokers is a US Brokerage. They TOB 08/23/14 04:06:51 PM
#160   Thanks TOB so you are in the North jsc52033 08/23/14 12:07:00 AM
#159   You're welcome. Yes they are Canadian. As I TOB 08/22/14 10:39:53 PM
PostSubject