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Simba Essel Energy Inc SMBZF

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Bullboard Posts
Post by blackredon Jun 28, 2012 3:52pm
291 Views
Post# 20065696

DC

DC

I agree with you. Somebody is and has been manipulating the stock for sometime. Let it be cos I'll tell you something it does not change whats in the ground and maybe folks may need remind ing what Sproule revealed days before.

Robert Dinning, Simba’s President & CEO remarks, “…we are delighted to provide our shareholders with this independent opinion from Sproule. It reaffirms our technical team’s initial premise to target Block 2A during the application process as it was highly prospective with great potential for significant accumulations. While it is encouraging to have Sproule’s assessment for exploration potential for this area of interest within Block 2A, including a very strong lead, we now also believe it is relevant to note how this same area lies within the junction of two (basin) trends as being geologically similar to the successful Ngamia-1 well, recently drilled by Tullow Oil and Africa Oil, that is also located at the junction of two trends. As a next step we see our passive seismic program as offering a very strong compliment to the existing seismic we have for these leads. We definitely have an exciting, active and funded exploration program now in place for Block 2A and will look forward to the work of proving up our resources in the license.”

Bob Dinning is a very conservative person, but look tat the comments "Significant" " Strong Lead" "Encouraging" " being geologically similar to the successful Ngamia 1 well recently drilled by Tullow.

Now straight onto the Passive Seismic which will tell us if we have the oil. Now guys tell me which major would not want to have a crack at potentially billions of barrells of oil that has similar structures to Ngamia 1. We are where they have found billions of boe and this is the biggest find in Africa and our passive will tell us more. Keep your shares.

Bullboard Posts