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Simba Energy Inc. - FTG Final Results August 2014
Simba Energy Inc. - FTG Final Results August 2014.
About this update from Simba Essel Energy Inc
[{"type":"text","content":"\n\nv\\:* {behavior:url(#default#VML);}\no\\:* {behavior:url(#default#VML);}\nw\\:* {behavior:url(#default#VML);}\n.shape {behavior:url(#default#VML);}\n\n\n\nSIMBA’S\nFTG SURVEY NARROWS FOCUS AT BLOCK 2A KENYA\n\n \n\nAugust\n12, 2014, Vancouver, British Columbia. \nSimba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) announces it is in receipt\nof Bell Geospace’s final report and results from their aerial FTG (Full Tensor\nGradiometry) survey analysis and interpretation at it’s 100% interest Block 2A\nconcession in Kenya. \n\nIn summary the results have\nidentified five structural features with independent closures varying in size\nfrom 30kms² to +100kms² in both the Mandera and Anza basins. Given the FTG results, the Company is able to\nbetter focus and narrow the area and extent of the now planned 2D seismic\nprogram necessary to further develop drilling locations. The planned seismic\nprogram will focus on the three highest ranking & sizeable targets identified\nby the FTG in both basins. \n\n“The FTG results, in conjunction with correlating data from previous 2D\n& passive seismic, drill logs and comparable data at other discoveries, indicate\na number of potential drilling targets in Block 2A. These results and final report will be made\navailable to our interested farm-in partners. \nThe FTG data will be used to design and constrain the 2D seismic program,\nwhich once acquired, will allow us to determine depths, create volumetric estimates\nand to define drilling locations all of which is to be published in an updated (NI 51-101 compliant) resource estimate (or\nCPR - Competent Persons Report).”, remarked Robert Dinning, President &\nCEO.\n\nThe map provided below\nhighlights the FTG survey’s results. The\nFTG results will inform the design and planning to acquire 2D seismic over the\nspecific FTG anomalies observed in both basins. \nAn area in the Mandera basin that covers the two sizeable ‘primary’ and\none ‘secondary’ target areas designated as M1 & M3 (prospects) and M2\n(lead) is estimated to require +/-175 line kilometers, while an additional 100 kms\nare estimated for the Anza basin to cover leads A1, A4 and A5.\n\n\n\nSimba’s Block 2A concession\ncovers an area of over 7,800 km² that overlies portions of two ...