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Simba Essel Energy Inc. (SMBZF)

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Last Post: 5/20/2019 1:13:38 PM - Followers: 20 - Board type: Free - Posts Today: 0


Website:  http://www.simbaenergy.ca/


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:


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


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


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.


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.



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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#282   yep...u are right! sylvia07 05/20/19 01:13:38 PM
#281   Yup keep the ask up, DON’T SELL. qrmlf 05/20/19 01:11:01 PM
#280   we got 8 more days before he will sylvia07 05/20/19 06:14:23 AM
#279   Thanks thats great news. I like the fact sylvia07 05/16/19 06:13:18 PM
#278   They are preparing to!! Oilllly 05/16/19 05:31:26 PM
#277   I thought they had permisson from the government sylvia07 05/12/19 11:58:47 AM
#276   great news..thanks for posting sylvia07 05/12/19 11:42:00 AM
#275   Who will drill for us the 2 exploratory qrmlf 05/11/19 11:18:04 PM
#274   https://www.businessdailyafrica.com/markets/news/Simba-Energy-estimates-437-mill Oilllly 05/11/19 11:06:55 PM
#273   otced, hurry and get back we miss u sylvia07 05/10/19 06:43:17 PM
#272   Thanks! I did not even think of that. sylvia07 05/10/19 12:04:54 AM
#271   Maybe we can’t post videos with violence to Oilllly 05/09/19 11:24:21 PM
#270   Do any one know why otced was suspended sylvia07 05/09/19 06:25:26 PM
#269   Wow! Hope simba one day get to tullow sylvia07 05/09/19 06:02:45 AM
#268   New website!! http://unisolcorp.com/about-us/ Oilllly 05/08/19 08:27:37 PM
#267   1. Simba lion KING KILLED!!!!!!! Near Simba Energy OIL otced 05/08/19 12:09:21 AM
#266   https://www.marketwatch.com/press-release/simba-essel-energy-inc-provides-update otced 05/07/19 09:43:29 PM
#265   1. True!!!! My friend used to work for samba otced 05/07/19 08:58:32 PM
#264   1. After been on OTC for sometimes I have otced 05/07/19 08:52:45 PM
#263   It’s true that only 400M outstanding shares for Oilllly 05/07/19 06:05:03 PM
#262   OTCED did you called EGME about the website? Oilllly 05/07/19 06:00:49 PM
#261   You are knowledgeable and a blessing to the sylvia07 05/07/19 04:17:49 PM
#260   You are knowledgeable and a blessing to the sylvia07 05/07/19 04:17:40 PM
#259   1. For 12 Years this Stock has silently spent otced 05/07/19 03:54:45 PM
#258   what do u mean by hidden in pain sylvia07 05/07/19 03:16:10 PM
#257   Billions hidden in plain SIGHT ! otced 05/07/19 12:50:07 PM
#256   1. Triple Listed ( USA.CANADA/LONDON) Can go to 5USD otced 05/06/19 11:54:41 AM
#255   1. CRPT to FUEL African virgin oil Growth Trillions otced 05/05/19 11:58:31 PM
#254   2. Simba the lion KING should make 12B USD otced 05/05/19 11:25:27 PM
#253   Thanks for answering gonna try it. I always sylvia07 05/05/19 06:35:23 PM
#252   Unlikely at this point but you never know. redtxdog 05/05/19 04:17:03 PM
#251   how likely do u thin i would get sylvia07 05/05/19 04:12:46 PM
#249   1. HUGE>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> otced 05/03/19 03:11:39 PM
#248   OLD Commercial of SIMBA Bragging about TOO MUCH otced 05/03/19 01:57:34 PM
#247   1. ONE PR from Canada office and this goes otced 05/02/19 04:32:55 PM
#246   HUGE OIL>>>>>>>>>https://investorshub.advfn.com/ otced 05/02/19 10:04:26 AM
#245   CLEAN !!!ZERO stock Manipulation for 12 Years very clean!!!! otced 05/01/19 12:00:03 PM
#244   https://www.youtube.com/watch?v=6dW6aNAZGTM I SWEAR LIKE A RAZORRRRRRRRRRRRRRRR otced 05/01/19 07:40:47 AM
#243   Simba energy is good from I am reading sylvia07 05/01/19 03:46:39 AM
#242   1. Simba! DO NOT SELL!!! Let them climb up otced 04/30/19 08:10:07 AM
#241   https://www.worldcoinindex.com/coin/crypterium otced 04/29/19 02:47:06 PM
#240   400USD/Share Mathematically…... otced 04/29/19 01:55:54 PM
#239   1. TYPE simba on this LOOK UP!!!!!!!!!!!!!!! ALL FLIING otced 04/29/19 01:50:58 PM
#238   1. Simba (LION KING) and GTHP are the otced 04/29/19 10:22:51 AM
#237   What do CANADA office is waiting for, heard Oilllly 04/28/19 11:57:03 AM
#236   1. SiMBA will save the parent company Essel otced 04/24/19 03:13:07 PM
#235   That would be great! Hopefully they have enough otterman 04/24/19 02:58:15 PM
#234   1. Rumors from Europe are they HAVE the golden otced 04/24/19 02:47:35 PM
#233   3 days in a row of trades after otterman 04/12/19 12:18:57 PM
#232   Waiting still waiting !!!!!......WE love SIMBA(Lion king) otced 02/06/19 02:33:34 PM