Simba Essel Energy Inc SMBZF

Irish

[blackred]

I am long and strong and have been since the company formed.

Africa is a tough place to do business. Yet there have been many successes. Afren, AOI, Tullow, and others.

what do you think that these companies did not face the same or more challenging governments?

Afrens sucess in Nigeira is down to management strength and I am still not convinced that the harsh reality of Africa is the sole reason why our performance has been so unconvincing.

Attracting major investors and backers from the Far East has to be high in the agenda. These are the guys who are moving things in Africa. 

Too many silly stupid mistakes are costing this company big time. I believe the the delay is some wording in our PSC. I mean there are dozens of companies with PSCs in Kenya. Why this issue with Simba alone? Surely our PSC was drafted by the same people that drafted the other PSCs??

FFS Kenya has drilled multiple wells and we still faffing about with our PSC. What's all that about? We was about 18 months behind AOI in terms of drilling our first well. We raised 4.25 million in March 2012 and got money from warrants too. In 2012 all we did was some passive seismic and that was it. Had they done more seismic Ie 2D we would have more suitors and offers. This is fact.

management make decisions and the outcome is what we are seeing today. Some of these decisions have set us back 18 months to 2 years. It is high time management sorted themselves out or let people with more experienced hands come on board.

Simba wants to run. Whose stopping it?

BR