Management keeping its promisesUnlike a lot of other small companies, management is keeping its promises. Also there are now a lot of major oil companies in Liberia, many which would probably love to form a joint venture with us. And as everyone here knows, drilling on land is much much less expensive than off shore drilling, plus, considering that the off shore oil fields probably extend on to our property, and that we have a huge area of oil seeps, light oil, the odds are overwhelming that we control a major oil field. We might even be able to bring it to production ourselves, especially if the Liberian government assists us.
Things are steadly moving along. Look at todays announcement.
Mr. Robert Dinning, President and CEO, is pleased to report that Simba Energy Inc. has successfully hosted a delegation from the National Oil Company of Liberia (NOCAL) at its Head Office in Vancouver, Canada. The purpose of the visit was to review Simba`s application to convert its hydrocarbon reconnaissance permit to a Production Sharing Agreement (PSA).
Robert Dinning remarks, "The Company was able to demonstrate the merits of Simba`s PSA application to the satisfaction of these officials and is excited to be moving forward with the company's targeted goals." The application is now before the NOCAL technical committee for review.