Simba Essel Energy Inc SMBZF

JV /Banker after Tullow hits ANZA,Hasaan

[simbacub]

FROM the interview,Hassan has confirmed they are waiting to see TULLOW hit something in ANZA like I said before he will get JV'd. see below

 

Hassan said this would be a “transformational event” for the company.  It also, he said, would be a difficult deal for him personally as his chairman, John King Burns, the former Global Head of Structured Derivative Finance for Barclays Metals Group in London, has charged him with getting the “best deal ever in Kenya”.  “Part of the strategy is to let Tullow have another strike and add a bit more value for us,” he quipped.  The company would like to reduce its equity to 49 per cent and get a two to three well carry; with the data room closing shortly, investors may not have too much longer to wait for news of this process.