Simba Essel Energy Inc SMBZF

RE: RE: RE: Kenya Passive Seismic

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Jacob,

I do not think that long probably Sept 2013. The real catalyst here will be Simbas opportunity to farm out its Kenya basin. We are 85% ready from identifying a drill location. All the data at hand will give potential Farm in the opportunity to analyse what Simba believe is an elephant field. The Passive Seismic will be instrumental in farm out discussions as this shows the hydrocarbon readings.

The name of the game is to do what Simba has done in Kenya in  Chad and Guinea and that creates value. Do not be surprised if somebody makes a run at Simba because of the low market cap.

Like I said Kenya is getting hotter and hotter. Twiga has hit oil and in a few days we will know how much. Next month we shpuld get AOI pai Pai result which shares the same basin as Simba. Hopefully this comes good too.

Simba is ahead of Afren Taipan Vanoil in terms of its PSC obligations and it will be the next company to drill in Kenya after Tullow/AOI.

The SP is ridiculously low and I expect any sniff of a JV or AOI hitting PAi PAI we will move in the 20-30 cent range.

ATB

BR