GREY:SMBZF - Post by User
Post by
blackredon Jun 03, 2012 5:52pm
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Post# 19976090
Simba V AOI
Simba V AOI Remember AOI have interest in HRN, all part of the Lundin Group. They have not hit the mark yet. I think the key for AOI was attracting a partner ie Tullow. I think this is the next step for Simba. We have the acerage and assetts to attract somebody like Tullow.
We can attract more than one partner. I understand someone trying to get in on Guinea and somebody else for Kenya.
What people have to realise is that this is a unique business model Simba have. Africa is hugh and we have been able to get this far and in 12 months we will be drill ready in Kenya subject to partner. From what I know Simba has had so many offers and they will cherry pick the partner. As you are all aware the best blocks in Kenya have been taken so what choice do majors have other than go into bed with someone who is lying there.
As far as Chariot oil (LSE) Namibia is still virgin territory and offshore Nambia is very costly. Chariot hit 4 pounds approx 6 CAD before hiting a drill in the ground. They have already hot a duster.