Simba Essel Energy Inc (SMBZF)

[Estrella]

$SMBZF @ .00525!

[Estrella]

$SMBZF @ .004!

[Estrella]

$SMBZF @ .0029!

[qrmlf]

Finally, a cheaper office and a new director that knows something about oil & gaz!!!!

2020-07-31 02:14 ET - News Release

Mr. H. Hassan reports

SIMBA ESSEL ENERGY INC. PROVIDES CURRENT UPDATE

Simba Essel Energy Inc. has provided the following update.

Simba is an oil and gas exploration Company whose original mandate was oil and gas exploration in various African countries. On Oct 28, 2019, SIMBA announced it was suspending operations because it failed to arrange necessary financing to continue. The BOD -Company has since that date-now reviewed its operations and plans to make necessary changes to resolve financial, operational, and structural issues. Several changes are contemplated regarding structure and projects to be pursued.

The Company announces that its lease on its office premises has now expired and the company has now relocated to 1518, 800 West Pender Street Vancouver .

The Company had been at its previous quarters for almost 10 years and has moved -relocated to smaller quarters. Its operations have been fully disrupted with the onset of the Covid-19 virus that has affected the entire world universe as this has curtailed travel and the ability to pursue new opportunities and related financing opportunities.

The Company will be restructuring its operations and its management structure, andstructure and will seek new funding in its pursuit of other resource opportunities. It will also be applying to the TSX for re listing on the Exchange once it completes its annual audit, updates its website and fulfills other matters requested by the TSX.

The Company also is pleased to announce the appointment of Philip Rand as an Independent Director. Mr. Rand has more than 30 years' experience in the upstream oil and gas business and has been a Director and Chief Financial Officer for several companies listed and private companies including Equator Exploration and Burren Energy, Managing Director at Allied Energy and Group Treasurer at Monument Oil & Gas and Deminex. Mr. Rand also has extensive practical knowledge of the African energy sector having in addition held Non-executive roles at several companies. Mr. Rand's appointment is subject to meeting TSX requirements regarding documentation.

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, and in Guinea. Simba's mission is to focus on onshore oil and gas potential in areas that are under-developed or not previously exploited.

[sylvia07]

Otcd, any new news on this?

[sylvia07]

Thanks otcd, great new ceo, hope hes hard at work trying to make things happen.

[otced]

BIILIONS TANKS OF OIL JUST SITTING THERE .NEW CEO IS WORKING HARD !!

[sylvia07]

otcd...any new news on simba?

[tyburt]

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?

[sylvia07]

but not for shareholders....

[otced]

GOOOD YEAR FOR SIMBA OIL SIMBA 2020!

[otterman]

You have some proof of that?

[sylvia07]

ok

[sylvia07]

I don't think they will ever drill for oil...company don;t seem stable

[otced]

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...

[otterman]

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.

[sylvia07]

you are right ...just a bad investment..sell off today

[otterman]

Not much you can do then. Put in an AON order at a price you like, GTC, and just wait.

[sylvia07]

no, its not

[otterman]

I have not sold yet. that is what I did on another issue. Is US trading halted?

[sylvia07]

no i american...did u sell at the bid price which is nothing or ask price?

[otterman]

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.

[sylvia07]

Did u never sell your shares and fcan u tell me hw u did it..I am trying to sell too

[sylvia07]

otced, What are they after...no oil yet1

[otced]

USA Government needs to Protect USA investors from this international oil cartels!

[sylvia07]

company must not being too good if ceo quits

[sylvia07]

Ok, glad to hear that, I misunderstood what you were saying. Thanks for hear that...thats good news.

[otterman]

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.

[otced]

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.

[sylvia07]

Oh my god! They are scammers most likely...angry, thanks for that!

[otterman]

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.

[sylvia07]

Why? Or they trying to take control or something?

[otced]

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

[sylvia07]

Wow, thats crazy...I wonder why it was halted. I wish Dinning would let the shareholders know whats going on.

[otced]

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

[sylvia07]

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

[sylvia07]

Good cutting down on scammers....most are see what happen to dnrg, plsb and soon uatg and others.

[otced]

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

[sylvia07]

otcd, sounds better

[otced]

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

[sylvia07]

I hope so something need to happen cos its beginning to look like scam....Dinning attitude make me think its sacam too.

[otced]

CHINA Can drill for SImba with a HUGE CUT. New Management can make it happened soon.

[sylvia07]

Who broght 1 share? Is this break year for Simba?

[sylvia07]

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

[otced]

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

[sylvia07]

Oh no...I hate to hear that...what are they gonna do now?

[otced]

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/

[otced]

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

[otced]

IS THIS REAL!!!!!!!!!!!

[otced]

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.