Guinea Again I would like to confirm that Simba energy has controlling intrest in the Bove basin. The concessions on the maps seem to be offshore.
Simba confirmed at the proactive that they had someone wanting to partner or buy the Guinea blocks. I think Simba is waiting for the government to announce internally. A procedure the Ministry goes through internally.
Under terms of the agreement, Summa Energy is transferring to Simba Energy a 60% interest in the PSC covering Blocks 1 & 2. Simba will provide 100% funding of all program costs in the first year, and 60% of all program costs thereafter.
Simba has paid Summa energy. If you are trying to say they paid for hot air that I am not buying that.
If someone was interested in our Guinea Block then why would they approach Simba and not Summa Energy? Or even the ministry of Mines and Energy in Guinea?
These are facts and if you wish to verify any of the above you can speak to Simba Energy directly.