Simba Essel Energy Inc SMBZF

BAFFINS IS THE MERLION aka Mr Andy Wilson

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Yesterday i posted one of the Baffins posts here is another

Has anyone else got anything to offer here?

I have pages and pages of filtered posts and I only have VOLVO, Marty and MB on filter.

Anybody else here who can offer any decent contributions instead of useless twaddle?

I still see there is not mention of VOLVO's supposed 280mtr oil column and the current drilling of this supposed 2nd relief well at Ngamia.

Just as I suspected, good well but complete bullshit in a lame attempt to impress.

Seems like some folk knew more than you Merliar and YOU WAS WRONG all along.

Anyway back to the placing the Merlion is referring too. If I am correct approx 50 million warrants have expired. UPTO 50 million shares will now be issued. Wheres the further dilutiuon Merlion is referring too?

Merliar refers to AJAX and Simbas PSC. the status of Simbas PSC is fine. Why commit a big spend on FTG if there was an issue? Ajax had no money. They commited to an LOI without cash. What a bunch of losers just like you Merliar. Geodynamics who is Shargers company did the passive. The results sent him to cloud cuckoo land thats how good they were. I have had the passive checked by another expert myself in the passive field and he reckons Simba is onto something big. In his own opinion he thinks the COS on P1 and P2 is 70%. The FTG is complimenting the Passive very clearly. Shame Mr Sharger could not come up with the money. Oh well thats history and Ajax is dead in the water. All in all Ajax did nothing but waste Simbas time nearly 9 months to be precise. The Calgary boys are still in the mix. Simba do not have to accept any offer they feel will not benefit Simba and its shareholdets.

On the other hand Simba plans to complete the FTG very soon and get onto 2d seismic. Then we are drill ready They have also got seismic off Taipan who had to come onto Simbas block because they have seen oil bubbling in Simbas block from their acerage. Data being looked at as we speak by Simba.

To the North we have our own tarbaaj oil seep which originates on our block and migrates into Afrens block. Would Afren want to miss an opportunity. I doubt it. lets see what happens.

Merlion You keep mentioning how Simba has failed. Where is the failure? The block is nearlyu drill ready and as soon as our basin opens up Ie the Mandera and Anza expect more interest.

We all know when Ngamia hit after Simbas placing 2 yrs ago the stock ran to 27.5 cents even though the basin was nowhere near Simbas but the appetite for Simbas stock was massive. ;-)). Do you really think that investors dont know their a55 from their elbow? We are in the hottest oil exploration area in the world yes the WORLD and right next to AFREN, MARATHON AND AOI AND PREMIER. What does that tell you?? We might not be able to run as fast as them because we do not have the cash they have but sure as eggs are eggs Simba is getting the job done. As soon as the FTG is done in Kenya they move onto Guinea with the same people. Sala is a hit and Sala is 2 is coming. Remember where you heard it Baffins.


Quote  Buffett " TIME IS THE FRIEND OF THE WONDERFUL BUSINESS ENEMY OF THE MEDIOCRE"

Now on to Chad. the PSC is still in place but right now all efforts are focusing on Kenya and Guinea.
Guinea FTG to start after Kenya FTG complete. Once these Assetts are monitised we will have the cash to move onto Chad.

Every man and his dog knows the value that can be created by monitising the Kenya and Guinea assets. Lets not be fooled as this is a stock which many can refer to as a "leverage stock".  As Kenya is getting hotter with oil coming from everywhere Simbas Kenya block becomes more attractive especially if the AOI Sala comes good which I am 90% sure has and then AOI's "string of pearls theory is proven correct. That will add more value to Simbas acerage and willl attract a better partner and with more data we put ourselves in a more favourable position to get a much better deal.

Happy to hold Simba shares for as long as it takes ;-)).

2 years ago No oil of commercial quantity in Kenya. Now look at what we have and where we are. Afren to drill Q3 a few km away ;-))).

Hold on to your hats everyone.

ATB
BR