Simba Energy Identifies Three Significant Oil Seeps in Guinea
27 2월 2013 - 5:01PM
Business Wire
Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB,
OTCQX: SMBZF, Frankfurt: GDA), the pan-African oil & gas
explorer, is pleased to report it has identified three additional
and significant seeps during its initial phase of 2013 exploration
work on Blocks 1 & 2 in the Republic of Guinea’s Bove
Basin.
“Further to our site visit last summer that identified and
confirmed a number of known seep areas within Block 2, these three
additional seep areas (two in Block 1), from Paleozoic rocks, are
impressive and clearly the best seeps seen to date. They certainly
increase the prospectivity of both the blocks with the presence of
higher C hydrocarbons. A number of samples have been sent to the
lab for analysis.” remarked James W. Dick, Director and CTO for
Simba.
In view of the results to date, the Company now plans to focus
its initial exploration work in the Republic of Guinea on Block 1
and the northern part of block 2.
The Company is planning a geochemical survey to collect 2,000
samples covering 1,000 line kilometers mostly within Block 1 to
focus upcoming phases of exploration. Crews will be mobilized
within the next month with completion anticipated shortly
thereafter.
James Dick, P.Geol., P.Eng., Director of the Company and
Qualified Person in accordance with National Instrument 51-101, has
reviewed and approves the technical disclosure in this news
release.
About Simba Energy:
Simba Energy Inc. is an international oil & gas exploration
company focused on onshore Pan-African opportunities. The Company
now holds a diversified portfolio of 100% or majority or interests
in several prospective oil & gas exploration assets in Kenya,
Chad and Guinea.
In addition to its 100% interest in Kenya’s Block 2A the Company
holds a 60% interest in Blocks 1 & 2, onshore Republic of
Guinea and has recently signed a Production Sharing Contract (PSC)
with the Republic of Chad for a 100% interest in three prospective
oil & gas blocks within the Doba, Doseo and Erdis basins.
Simba’s objective is to establish itself as a diversified
international developer and producer with a growing oil & gas
acreage position with significant upside potential for
shareholders.
For further information contact: Ph. 604-641-4450, or visit:
www.simbaenergy.ca , or email: info@simbaenergy.ca , or Mark
Sommer, Toll Free: 1-855-777-4622, or;
Financial Public Relations (UK), Lionsgate Communications,
Jonathan Charles, jcharles@lionsgatecomms.com , + 44 (0)779 189
2509.
We seek safe harbor.
ON BEHALF OF THE BOARDRobert Dinning, President &
CEO.
Simba Essel Energy (TSXV:SMB)
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