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Simba Essel Energy Inc SMBZF

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

Bullboard Posts
Post by HeyIrishon Dec 22, 2013 11:00am
195 Views
Post# 22031209

Passive Seismic

Passive SeismicHonestly, would anyone on this bb ever invest in a oil explorer who relies on passive seismic? The people who should believe in it the most, don't seem to? If they were convinced that their product is accurate then why would they walk away from what could possibly be a billion barrels of oil? Why would they need to shoot more 2D if passive is as good as they say? Who wouldn't spend forty million to make billions? I can only two types who'd do this: 1- Someone who is unsure of the passive seismic results or 2- Someone who doesn't have the forty million to invest in the first place.
Bullboard Posts