Simba Essel Energy Inc SMBZF

SMB surveys FTG in Anza and Mandera basins!!!

[PapaFritz]

Canadian firm Simba Energy conducting oil survey in Mandera

NAIROBI (Xinhua) -- Canadian oil and gas firm, Simba Energy said its undertaking airborne surveys that are expected to continue for several days in Block 2A in Mandera in northern Kenya.

The company’s airborne Full Tensor Gradiometry (FTG) survey commenced daily flights about 10 days ago and is expected to be completed in the next 7-10 days.

"Simba has had discussions with a number of companies expressing interest in farming directly in to Block 2A to undertake a 2D seismic program with a drilling commitment, based on these FTG results currently being generated," the firm’s CEO Robert Dinning said in a statement received on Saturday.

Results to date for the FTG survey in this area have been encouraging.

Simba Energy said that the results from the survey would serve to provide better targeting and more cost-effective 2-D seismic acquisition, which it has planned for later in the year and is preliminary to final drilling decisions.

The Canadian firm said it has engaged Campbell & Walker Geophysics Ltd. to provide project management the company’s FTG survey.

Kit Campbell has worked extensively with airborne gravity gradiometry in the East African Rift System as well as throughout North and South America for many years.

"Campbell’s expertise in this field is well known and ensures that an effective program for the Company will be achieved," it said.

Considered with the known geology and modeling of the Anza basin in this area, the preliminary data from these FTG results indicate the existence of two basinal structures within the basin’s margin.

Simba Energy had earlier announced that it hoped that once Africa Oil completed exploration at Block 9 which shares a boundary with Block 2A, it would provide insight into the prospectivity of the eastern margins of the Anza basin.

Block 2A is near to the South Lokichar basin where Africa oil and Tullow Oil have had significant discoveries.

Block 2A’s concession area overlies the southern extents of both the Anza basin, one of the largest Tertiary-age rift basins in the East African rift system and with a geological setting similar to the South Lokichar basin as well as the Mandera basin where the Tarbaj-1 well and nearby oil seeps in the south of Block 1 have already confirmed the presence of a petroleum system.

The company’s larger and primary survey area in Block 2A provides coverage over the Mandera basin, lying just SE from the town of Wajir.

This area is now in the final stages of data acquisition, with total survey completion expected within a week’s time.

Final results and reporting are anticipated to be available within 3-4 weeks once all data acquisition is complete.

https://www.coastweek.com/3722-latest-news-Canadian-firm-Simba-Energy-conducts-oil-survey-in-northern-Kenya.htm