Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Otcd, any new news on this?
Thanks otcd, great new ceo, hope hes hard at work trying to make things happen.
BIILIONS TANKS OF OIL JUST SITTING THERE .NEW CEO IS WORKING HARD !!
Otced
You seem to no the most about this company. Will you tell me why you’re invested in the stock? I’ve got a few hundred thousand shares, but it’s been so quiet. Do you know anything? Any progress made?
but not for shareholders....
GOOOD YEAR FOR SIMBA OIL SIMBA 2020!
You have some proof of that?
I don't think they will ever drill for oil...company don;t seem stable
DO NOT SELL!! This crookest wants you to sell them your shares for nothing. Many Canadians are now using USA brokers to buy this stock...
One trade doesnt make a sell off especially when the b&a are so far apart. I have 55k shares so if I sell youll know.
Might be just a tax write-off now or maybe get bought out for assets, or maybe will come back yet. Who knows. I dont do anything rashly. Theres always something cooking.
you are right ...just a bad investment..sell off today
Not much you can do then. Put in an AON order at a price you like, GTC, and just wait.
I have not sold yet. that is what I did on another issue. Is US trading halted?
no i american...did u sell at the bid price which is nothing or ask price?
Sylvia, assuming youre a Canadian too, look for the securities commission in your province or even better the securities ombudsman. Send them a letter stating you just want to sell your shares and how unfair it is to current holders to ban them from doing so. If they agree, which they should, they will send a letter to youre brokerage/account (give them that info) and then call your broker and reference that letter saying you have the right to sell. They have to put the order in manually.
Did u never sell your shares and fcan u tell me hw u did it..I am trying to sell too
otced, What are they after...no oil yet1
USA Government needs to Protect USA investors from this international oil cartels!
company must not being too good if ceo quits
Ok, glad to hear that, I misunderstood what you were saying. Thanks for hear that...thats good news.
Uh, no, they are the govening body of Canada. Its the laws that suck. Forget what youve heard about scammers, you are being misled. The company is 100% at fault here.
Be careful. DO NOT SELL. The product here is not the CEO! The product is the Billions drums of oil sitting in Kenya Block 2A Next to TULLOW OIL. Python spitting distance/ Lion king Jumping distance! We have new CEO. Hope CHINA can drill for less. Lack of patience and been angry in OTC Markets is very expensive! USA share holders needs to ASK US government to protect them from those oil cartels scamming share holders Call SEC BOSS!!!! Cobalt international was able to do it legally in USA COURTS To scam share holders under Obama administration.
Oh my god! They are scammers most likely...angry, thanks for that!
Oil cartels is BS. They were halted because theyre a POS company who never files or accomplishes anything.
Now I cant trade my Cdn shares while US shares gain 600%. They think theyre saving investors but theyre actually hurting holders. I have to apply to the ombudsman now to see if I can sell off.
Why? Or they trying to take control or something?
WAS STOPPED To prevent OIL Cartels from Manipulating the STOCK
IIROC Trading Halt - SMB
PRNewswire Follow ?
November 04, 2019 8:35am Comments
VANCOUVER, Nov. 4, 2019 /CNW/ - The following issues have been halted by IIROC:
Company: Simba Essel Energy Inc.
TSX-Venture Symbol: SMB (All Issues)
Reason: Cease Trade Order
Halt Time (ET): 8:00 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
Wow, thats crazy...I wonder why it was halted. I wish Dinning would let the shareholders know whats going on.
1. "When you play the game of thrones, you win or you die. There is no middle ground." — Cersei Lannister.
2. Oil Cartels are Playing Games of throne over her with Share Holders. Rumors are Canada Stock symbol is Halted. USA Symbol is active with confirmed 10K Share a buy today based on looking at the tock activity
3. “We shall see.” Trump favorite sentence!!!! "A Lannister always pays his debts" With BIT-COIN
Good cutting down on scammers....most are see what happen to dnrg, plsb and soon uatg and others.
U.S. House votes to advance bill curbing anonymous shell companies
https://www.reuters.com/article/us-usa-congress-banks/u-s-house-votes-to-advance-bill-curbing-anonymous-shell-companies-idUSKBN1X12Q7
OTC Markets SCAM IS OVER. Hope simba get a new Drilling pattern quickly
otcd, sounds better
He filed something by the deadlines .not sure what it is ,BUT LOOKS GOOD
Form 52-109FV2
Certification of Interim Filings
Venture Issuer Basic Certificate
I, Robert Dinning, President of Simba Essel Energy Inc. (formerly Simba Energy Inc.), certify the following:
1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Simba Essel Energy Inc. (formerly Simba Energy Inc.) (the “issuer”) for the interim period ended March 31, 2019.
2. No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.
3. Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.
May 28, 2019.
“Robert Dinning” Robert Dinning President
I hope so something need to happen cos its beginning to look like scam....Dinning attitude make me think its sacam too.
CHINA Can drill for SImba with a HUGE CUT. New Management can make it happened soon.
Who broght 1 share? Is this break year for Simba?
well, dinning never answered email, he an attitude like he did not want to be bothered...I put him on the hotseat with all the questions
They have the oil still, lots of it. Just Management shakes up. A good thing or They are trying to pull a well know scam here on OTC markets where investors are used to get the product to market ready status then dumped all at once through a chapter 7 intentionally then private and a few guys enjoy other people sweat. Happens every day with OTC stocks. We will know next week since today is the dead line to file paper work. I did not expect this with SIMBA everything was current for many years
Its either drilling soon with this new management or a SCAM And it’s all over there is no middle ground here
Oh no...I hate to hear that...what are they gonna do now?
The future of everything is Cryptos . Zero scam with cryptos . Coins are set at ICO and the projects are clear and price goes up every day as the project gets bigger. OTC Markets scams have wiped out Billions to every day working Americans. Many are walking away from STOCK MARKETS https://news.crypterium.com/cryptocurrency-investors-in-the-us-doubled-since-2018-shows-finder-survey/
1. 99% of OIL and gas will pull a BK scam to wipe out long term share holders. Let’s see where this goes. OTC Markets at It's finest. Cryptos have Zero scams. DO NOT sell let’s see where this goes
2. This can be good news for change in leadership or a nightmare SCAM been pulled like Cobalt International Energy in 2016
IS THIS REAL!!!!!!!!!!!
The Company has now been advised that Mr. Goel has terminated the services of Mr. Gupta as a Director and Officer of EGME for various reasons. Mr. Goel recommended that the Company terminate Mr. Gupta
as a Director and Officer of Simba. Mr. Gupta has submitted his resignation as Director and Officer of
Simba, effective immediately.
The Company has now been advised that EGME either cannot or will not arrange the necessary financing
for the Company to complete its annual audit and file its Financial Statements and related MD&A by its
filing date of October 28, 2019. This leaves the Company in a position where it will be unable to file the
required financial statements and MD&A by the deadline of October 28, 2019.
The Board of Directors of Simba, after waiting for EGME to perform on its commitment to arrange
funding, now must suspend operations and will attempt to reorganize the Company with the cooperation
of all of the stakeholders.
ESSEL GROUP ME FAILS TO ARRANGE FINANCING FOR SIMBA ESSEL
ENERGY INC.
October 25, 2019, Vancouver, British Columbia - SIMBA ESSEL ENERGY INC. (“Simba” or the
“Company”) (TSX Venture: SMB) (Frankfurt: GDA): SMBZF) provides the following update.
Simba Essel Energy Inc is an oil and gas exploration Company whose mandate is exploration in various
African countries and to acquire necessary Government approval for properties it wished to develop.
Through a subsidiary company in Kenya, the Company holds a Production Sharing Contract (“PSC’) on
Block 2A in northern Kenya. In late 2015, the Company entered into a Definitive Agreement with Essel
Group ME, (“EGME”) a Dubai based conglomerate, who agreed to take control of all exploration
activities regarding Block 2A and would earn an interest in the PSC on completion of two wells on Block
2A.
In conjunction with EGME’s control of exploration, EGME on various occasions agreed to undertake to
retire all of the Companys debt so that the Company could focus on acquiring attractive assets. EGME
further requested to take control of the Board of Directors and recommended the appointment of Gagan
Goel, Chairman of EGME, as Vice-Chairman of the Company. Further, EGME requested that Punkaj
Gupta, CEO of EGME, be appointed as CEO of the Company. These appointments were announced on or
about April 18, 2016.
The Company has now been advised that Mr. Goel has terminated the services of Mr. Gupta as a Director
and Officer of EGME for various reasons. Mr. Goel recommended that the Company terminate Mr. Gupta
as a Director and Officer of Simba. Mr. Gupta has submitted his resignation as Director and Officer of
Simba, effective immediately.
The Company has now been advised that EGME either cannot or will not arrange the necessary financing
for the Company to complete its annual audit and file its Financial Statements and related MD&A by its
filing date of October 28, 2019. This leaves the Company in a position where it will be unable to file the
required financial statements and MD&A by the deadline of October 28, 2019.
The Board of Directors of Simba, after waiting for EGME to perform on its commitment to arrange
funding, now must suspend operations and will attempt to reorganize the Company with the cooperation
of all of the stakeholders.
About Essel Group Middle East (EGME)
EGME is a diversified conglomerate operating primarily in the Europe, Middle East, Africa and Asia
pacific region. EGME is part of Essel Group, the Indian multinational conglomerate operating in a broad
spectrum of industries including media, packaging, infrastructure and technology. Building on Essel
Group’s 90-year history of developing and promoting businesses, EGME is leading the Group’s regional
905 West Pender Street, Suite 210, Vancouver BC V6H 1L6 Canada
Telephone +1 855-777-4622 Fax +1 855-557-4622 www.simbaenergy.ca
expansion and currently operates subsidiary businesses in the natural resources, energy, industrial supply
and logistics, education and financial services sectors. For further information, please visit
www.esselgroupme.com
About Simba Essel Energy Inc.
Simba provides investors with well positioned exposure to oil and gas exploration in key areas of Africa
with active onshore PSC in Kenya, final negotiations for a new PSC in Guinea, a new Hydrocarbon
Reconnaissance Permit in Liberia and PSCs under negotiations in Chad and Ghana. Simba’s mission is to
focus on onshore oil and gas potential in areas that are under-developed or not previously exploited. For
further information, please visit: www.simbaenergy.ca.
On behalf of the Board of Directors,
Robert Dinning
President and Director
For further information, contact the Company at +1-604-641-4450 or
Toll Free: 1-855-777-4622, or info@simbaenergy.ca .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
1. British Tullow Oil plc (TLW.L) is the TOP oil and gas in Africa been here since 4 ever. One share -206USD
2. https://finance.yahoo.com/quote/TLW.L?ltr=1
3. Simba can go up very quickly to a fraction of TULLOW Maybe 40USD to start then add one more Zero down the road to 400USD.
4. Not sure What’s going on behind the scenes
TODAY is 1 Year since the “Drill plan started” Does it take a whole year?. If this is not a SCAM? Do you have enough shares for this low price?
Simba Essel Energy Inc. Provides Update on Kenya and Liberia
October 19, 2018, Vancouver, British Columbia – SIMBA ESSEL ENERGY INC. (the “Company”) (TSX Venture: SMB) (Frankfurt: GDA) is pleased to provide the following update regarding Kenya and Liberia.
Essel Group Middle East (“EGME”) – Simba Essel’s partner in the PSC – who manage exploration activities in Kenya, advise that their geological team in Dubai have spent the past few months reviewing and analysing data obtained from three independent international resource consulting firms; Sproule International, CGG GeoConsulting, and XODUS, who in turn provided interpretation of seismic data previously carried out by Africa geophysical Services Ltd (“AGS”). That seismic survey produced a total of five hundred and twenty (520) kilometers of 2D seismic lines on Block 2A.
The EGME technical team have reviewed all data pertaining to the interpretation and have comprised a drill program which will be submitted to the Ministry of Energy in Kenya. This will be followed up with a technical presentation to the Ministry as part of their application to obtain a formal permit to drill.
EGME is also in advanced negotiations with a major drilling company regarding a drill program for Block 2A in Kenya. Once finalized, this drilling agreement will be submitted to the Ministry of Energy in Kenya for approval and issuance of a permit for drilling purposes.
In Liberia, EGME has executed a contract with Bellgeo Enterprises Limited of Edinburgh wherein Bellgeo will conduct a Full Tensor Gravity Gradiometry (“FTG”) survey in Roberts and Bassa Basin in Liberia. This contract has been submitted to NOCAL, which is the governing body in Liberia for resource exploration, for approval. This is part of a final environmental approval which must be issued by NOCAL prior to undertaking any exploration activities on the block.
Simba Essel Energy Inc. currently holds a Hydrocarbon Reconnaissance License (NR002) in Liberia which covers an onshore area known as Roberts and Bassa Basin and nearshore for a total of 2,961.7 sq. km.
About Essel Group Middle East (EGME)
EGME is a diversified conglomerate operating primarily in the Europe, Middle East, Africa and Asia pacific region. EGME is part of Essel Group, the Indian multinational conglomerate operating in a broad spectrum of industries including media, packaging, infrastructure and technology. Building on Essel Group’s 90-year history of developing and promoting businesses, EGME is leading the Group’s regional expansion and currently operates subsidiary businesses in the natural resources, energy, industrial supply and logistics, education and financial services sectors. For further information, please visit www.esselgroupme.com.
About Simba Essel Energy Inc.
Simba provides investors with well positioned exposure to oil and gas exploration in key areas of Africa with active onshore PSC in Kenya, final negotiations for a new PSC in Guinea, a new Hydrocarbon Reconnaissance Permit in Liberia. Simba’s mission is to focus on onshore oil and gas potential in areas that are underdeveloped or not previously exploited. For further information, please visit: www.simbaenergy.ca.
On behalf of the Board of Directors,
Robert Dinning
President and Director
For further information, call +1-604-641-4450 or
Toll Free: 1-855-777-4622, or info@simbaenergy.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Followers
|
20
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
661
|
Created
|
01/05/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |