RE: RE: Playing Poker Blindbat_1, At times you've posted some decent information here and you obviously have a grasp of the Oil and Gas business. Tha being said, you are miles off base with your recent comments about Simba's progress and standing with NOCK and the Kenyan Government and the status of their PSC. I'm not here to defend other posters but rather the information that comes from Simba directly, more specifically, Hassan, isn't going to lie publicy, at a conference that's being recorded in front of hundreds of industry peers and investors.
Simba is well ahead of its commitments as outlined in the PSC, not comments from the recent MD&A. No they haven't spent the $8 million that they're responsible for but are way ahead on what they've accomplished to date as laid out in the terms of the PSC.
The $8 Million+ will be spent when they shoot more seismic in the new year and when they drill later in 2013. I'm not sure why you have a problem with that (yes, I get that you joust daily with blackred) but that doesn't account for the facts that SMB is on track and ahead of schedule. When the JV comes and a deal inked, the well will be at least $10-20 Million as stated in a recent email by IR, posted here earlier today.
So the facts are, that Simba has 12 months to drill with or without a partner. With or without a PP or some other means of funding. I really don't see the sinister angle that you've tried to contrive here? Once a drill is spud all of the financial obligations will have been met, unlike a couple of other juniors in Kenya struggling to hang on to their PSC's due to their inability to complete their PSC commitments on time.
GLTA
PF