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When? I would like to see double digits .10 up this time.
Waiting for news...
Only 37 cents away
2 M was a good guess
What!!! Should help to have SMB/SMBZF on the watch for many
Let see if we can reach 1 M today ????
FINALLY...Sign of life, any info? Market is good, oil price not too bad
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.
Well...I wish you’re right after one complete year in the dark
So we can, Essel can do it with us
Yes over 10$ it’s a dream, AOI did it
Would be nice at least 4$US/Share in 2020
oTCED, why this bearish sentiment? Your analysis is going down from 400US/share to 200US/share ? Anything new?
And the guy to keep this stock CLEAN
I’m sure Mr Dinning will not allow dilution, not at this price. Clever man
Hi Otcde, how could it be for the debts without dilution. Any clue of a new agreement with Essel in % or another third partner? Not sure to understand...
Thanks
Oh, very bad, I didn’t hear about it
What?? From who? Please explain!
Thanks Sylvia, please share with us the answer of Mr Dinning, he will have to release official new if we want the share value to reach decent numbers...and hopefully 400uSD .
Our last update...9 months ago ?? very low volume lastly, we need some fresh updates
Does someone know which day is the meeting Mr Dinning wrote about?
They did the financials and MA&D as requested on time. Very very clean
Yes Essel have debts but still fr**k*ing richs and sucessful. They definitely want to expand everywhere in Africa, find as much oil possible, and it’s what I like: vision and ambition
Look at AOI, 1$-10$ is possible with a discovery in Kenya
20 cents? Yes, would be only a 80M market cap
I will be happy with .20$ a share ??
When will we have a CEO PR?? I heard they are in Kenya now
They are sooo slow, always some progress but missed timelines and lack of NR. People get bored...we need the rig to finally hit the ground
Yup keep the ask up, DON’T SELL.
Who will drill for us the 2 exploratory wells, Tullows oil? AOI?