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Simba Essel Energy Inc SMBZF

Energy Oil & Gas E&P
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

Simba Essel Energy Inc
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Comment by PapaFritzon Oct 31, 2012 4:16pm
206 Views
Post# 20546786

RE: RE: RE: RE: AOI hits paydirt?

RE: RE: RE: RE: AOI hits paydirt?

DavidCameron, I would agree with you that they meant Uganda!  (3.5 Billion barrels)

And in the Tullow story/article from yesterday they did mention that Twiga-1 could surpass Ngamia-1 in size!

Super well
“Ngamia 1 was a super well at 100 metres of net pay and because the wells are close by, we should expect similar results,” said our source. “This is the first time that Tullow has struck oil at this depth.”

The source described the latest discovery as encouraging news and good progress towards confirming commercial quantities of oil.

“It should also improve market share values for the investors and enable them raise more cash to develop the wells,” our source said.

Tullow expects higher quantities of oil at Twiga than it discovered at Ngamia 1, according to sources within the company and at the Ministry of Energy. The extent and the quality of the reservoir is yet to be determined.

 

 

 

 

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