Simba Essel Energy Inc (SMBZF)

[otced]

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 [phone] Fax [phone] 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 [phone] or
Toll Free: 1-855-777-4622, or [e-mail] .
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

[sylvia07]

you are failing...no news you can depend on

[otced]

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

[otced]

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 [phone] or
Toll Free: 1-855-777-4622, or [e-mail].
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.

[sylvia07]

mr dinning had a attitude by what he said but he have not answered me back and I don;t expect him too cos I put him in the hot seat with last email.

[otterman]

I have about 80k shares accumulated over the years at about a 2 cent average and nothing to show for it.

[sylvia07]

you are right! Mr. Dinning not even sure if they will get the job I think its been 3 years and they still talking about Kenya.

[otterman]

Its very hard to get useful TA on a stock with such a low price and thin trader. The numbers get distorted. This is a lotto play and should be treated as such.

[sylvia07]

http://www.stockta.com/cgi-bin/analysis.pl?symb=SMBZF&cobrand=&mode=stock

[sylvia07]

I think its time to sell...no good!

[otced]

1. Facts: Oil discovered, Simba energy is next to British tulllow in Kenya.
2. The government of Kenya is headed by the son of the late founding father of that nation.
3. He is NOT a corrupt man. He has visited trump white house a few times . When simba is ready, he will issue a license.
4. Kenya has a Very strong relationship with CHINA and they owe CHINA 3Billion USD Most will paid for by OIL revenue. Kenya needs Simba. Just a waiting game
5. 400Million Shares Most are gone after 12Years. Add these last minutes at this LOW price. In USA buy on Etrade.com

[sylvia07]

I wish hes right too...mr.dinning claims they havent even been approved

[qrmlf]

Well...I wish you’re right after one complete year in the dark

[otced]

10 Days to go Since the (start) of the DRILL Program http://simbaenergy.ca/

[sylvia07]

otced, your link don't work

[otced]

10 Days to Anniversary of the start of drill program a yhttps://www.marketwatch.com/press-release/simba-essel-energy-inc-provides-update-on-kenya-and-liberia-2018-10-19ear ago

[sylvia07]

Drilling?
This is the reply I got back from Mr. Dinning!

inning ([e-mail])
To:you Details
No I do not. We are talking to them now re a program but no final decisions have been make yet.

Bob
Robert Dinning
President

Main: [phone]
Mobile: [phone]
Toll-free: [phone]
Fax: [phone]

#210-905 West Pender Street, Vancouver, BC V6C 1L6

Meadow Bay Gold Corporation
CSE:MAY, OTCB:MAYGF
www.meadowbaygold.com
Simba Essel Energy Inc.
TSX-V:SMB
www.simbaenergy.ca

This message contains confidential information and is intended only for the individual named. If you are not the named addressee, you should not disseminate, distribute or copy this email. Please notify the sender immediately by email if you have received this email by mistake and delete this email from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.





On Tue, Oct 8, 2019 at 11:56 PM <[e-mail]> wrote:
Mr. dinning, do you have any idea when drillimg will begin?
Reply Reply All Forward

[otced]

CLEANEST STOCK ON OTC !!!!!!!!!

Mailing Address: 905 West Pender Street, Suite 210
Vancouver, British Columbia
V6C 1L6
Head Office Address: 905 West Pender Streeet, Suite 210
Vancouver, British Columbia
V6C 1L6

Contact Name: Robert Dinning Principal Regulator: British Columbia
Business e-mail address: [e-mail] Short Form Prospectus Issuer: No
Telephone Number: 604 641-4450 Reporting Jurisdictions: British Columbia, Alberta
Fax Number: 855 557-4622 Stock Exchange: TSX Venture
Date of Formation: Sep 19 1990 Stock Symbol: SMB
Jurisdiction Where Formed: British Columbia Auditor: PricewaterhouseCoopers LLP
Industry Classification: junior natural resource - oil and gas General Partner:
CUSIP Number: 82857V Transfer Agent: Computershare Trust Company of Canada
Financial Year-End: Jun 30 Size of Issuer (Assets): $5,000,001 to $25,000,000

[sylvia07]

Kenya is not doing that well

http://api.traq.li/story/viewall3/27916/206412856:225480915,225395107,225395109,225395110,225371548,225371547,225395092,225395108,225395102,225491605?sig=9a072ba6c67c8007fe582a22aae7d5b34cb8a454588e43f71053d99ffe03b528&order=0

[sylvia07]

Time to start drilling hope u are good

[sylvia07]

Can I get smbzf at the ask price or stock price?

[sylvia07]

otced, have you heard anything about whether they have started setting up for drilling yet.?

[otced]

1. These are the last DAYS before Drilling. It’s the last day to shoot em with 50K Shares before hell breaks loose. Seems like all the OIL IN AFRICA is going to CHINA. Ready markets !! https://www.businessdailyafrica.com/news/China-gains-upper-hand-with-deal/539546-5237392-7c6jrnz/index.html
2. This will help Africa to Pay off 1Trillions of USD Debt owed to CHina

[sylvia07]

filled

[sylvia07]

I am gonna put in a limit order of 0.0037 and see if it get filled.

[otced]

1. Hope CHINA Drills for Simba energy FAST!!!!!! https://www.businessdailyafrica.com/news/China-gains-upper-hand-with-deal/539546-5237392-7c6jrnz/index.html
2. 400USD/Share. British TULLOW Simba Energy top competitor Delays drilling to 2024 https://www.businessdailyafrica.com/news/Tullow-changes-Kenya-exports-date-to-2024/539546-5243304-12912ye/index.html
3. HUGE Win for SIMBA Energy

[sylvia07]

Otced, that great hope they are allowed to drill now...do you think the ask price will come down its too high.

[otced]

1. SImba OIL AND GAS And Minerals OWNERS ESSEL Group GIVEN 6 More months to pay loans. This huge!!! They can drill now and Pay the rest of the loans tomorrow with oil money!!!!
2. IRAN Hit = Double the OIL Price =400USD /SHARE OF SIMBA ENERGY!
3. https://www.livemint.com/companies/news/breather-for-essel-as-lenders-give-six-more-months-to-clear-its-debt-1568914448028.html Breather for Essel as lenders give six more months to clear its debt
4. Trump gave a hint at UN Speech make a deal !!!Oil price are Backed by F35 All ways!!!

[sylvia07]

nobody is gonna buy simba with the ask price so much higher than stock price.

[sylvia07]

Otterman, thanks for the info, I learned something today!

[otterman]

SMB is the Canadian symbol. Simba is a Canadian company.

SMBZF is the American symbol on the OTC. The Z is there because the symbol requires at least 4 characters. F denotes it is a foreign issue.

[otced]

1. Trump On CHINA,HON KONG, IRAN :

:This speech is good. Very Tough on IRAN : https://coinmarketcap.com/currencies/crpt/

[sylvia07]

I can't beleive the ask price keep going up...can buy at 0.0037? more fairer than 0.0169

[sylvia07]

Thanks for that info..thats huge didn't know that...have they setup already I can't wait!

[otced]

https://www.otcmarkets.com/stock/SMBZF/overview The stock is listed in Canada, USA And UK Each country has a different symbol yet he same Stock . Hope drilling happens tomorrow

[sylvia07]

Anyone, whats the difference between smb and smbzf?

[sylvia07]

Yesterday ask price was 1 cent now its higher....how did that happen?

[sylvia07]

This ask price has got to go down a lot more before I buy!

[sylvia07]

You are right waiting on the ask price to come down some will send my check thru the mail tomorrow.

[otced]

You and me Are Pro investors !!!! Trump wants to HIT IRAN!!! Simba wants to Drill at the highest price One Bomb takes oil Price to 100USD /Fish tank!!!!!!

[sylvia07]

Dang! What happened? Is this buying opportunity when ask price go down?

[sylvia07]

Does simba still have professional investors...no mention of them on their website anymore?

[sylvia07]

Oh no, Octed I hate that you are suspended we will miss you!

[sylvia07]

Ask price is just too high I'll be a buyer if they came down off the price.

[sylvia07]

aol did long time ago i remember....one dollar would be fine

[qrmlf]

So we can, Essel can do it with us

[qrmlf]

Yes over 10$ it’s a dream, AOI did it

[sylvia07]

I would glady take 4 a share or 1 dollar a share and 200 dollars a share would be a dream

[qrmlf]

Would be nice at least 4$US/Share in 2020

[qrmlf]

oTCED, why this bearish sentiment? Your analysis is going down from 400US/share to 200US/share ? Anything new?