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Simba Energy Inc. Updates Data Room with FTG Results for Kenya Block2A
Simba Energy Inc. Updates Data Room with FTG Results for Kenya Block2A.
About this update from Simba Essel Energy Inc
[{"type":"text","content":"\n \n \n \n \n\n\nSIMBA\nUPDATES DATA ROOM WITH FTG RESULTS FOR BLOCK 2A, KENYA\n\n August\n22, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA,\nOTCQX: SMBZF) (the “Company” or “Simba”) is pleased to report that following positive\nresults of the Company’s most recent FTG (Full Tensor Gradiometry) survey and\nfinal report by Bell Geospace, the Company has reopened its data room and, with\nthe assistance of Ernst & Young’s Corporate Finance Oil & Gas division\nin London, has resumed discussions with numerous\nparties interested in participating in the development of Block 2A in Kenya.\n\n \n\nThe results of the high\nresolution Gravity Gradiometry™ by Bell Geospace has identified five structural\nfeatures with independent closures varying in size from 30kms² to +100kms² in\nboth the Mandera and Anza basins that compare favourably to earlier discoveries\nin the region. As a result the Company\nis planning a more focused 2D seismic acquisition program to further delineate\ndrilling locations. \n\n \n\nIt is noted that significant\nactivity is underway directly surrounding Block 2A (Simba at 100% interest),\nwith three wells scheduled to be drilled and completed this year: Sala-2 (Africa Oil, 50% interest), Badada-1\n(Premier Oil, 55% interest), and Khorof-1 (Afren, 80% interest) which speaks\nhighly to the area’s exploration potential.\n\n“We’re pleased\nto report that these very encouraging FTG results have increased the level of\ninterest in Block 2A considerably.”, remarked Robert Dinning, President &\nCEO \n\n All \ninquiries to access the data room should be directed to Ernst &\nYoung - Corporate Finance Oil & Gas (London), attention Mr. Anu Tayal,\nAssistant Director, +44 (0) 20 7951\n4975, [email protected]\n\nJames\nW. Dick P Geol., P. Eng., (APEGA) is a qualified person in accordance with\nNational Instrument 51-101 and has reviewed and approves the technical\ndisclosure in this news release.\n\n \n\nAbout Simba Energy: Simba Energy Inc. is an oil and gas exploration company with\nactive onshore PSCs in Kenya and Guinea and PSC’s under continuing negotiation\nin Chad, Liberia and Ghana. Simba focuses on onshore oil and gas exploration in\nareas that are under-developed or not previously exploited.\n\nON BEHALF OF THE BOARD\n...