The Guinea PSC signed From Mark @ SimbaEnergy
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Simba has signed 2 Production Sharing Contracts (PSC’s) in Kenya and Guinea and has 2 PSC’s being finalized in Mali and Liberia. The 5th PSC in the works is in Ghana. The company should complete Ghana later this year with Liberia and Mali taking priority of those 3 outstanding.
In Kenya, Simba acquired 100% of Block 2A:
https://www.simbaenergy.ca/news/press-releases/50-simba-energy-granted-block-2a-in-kenya-.html
In the Republic of Guinea (or Guinea) the PSC signed was for 60% controlling interest for blocks 1 and 2. The Guinea PSC was signed but requires final government approval from the Guinea Minister of Energy. This is just a formality and Simba expects to receive the official signature and approval from the Guinea government very soon. An official News Release will be issued upon receipt of this signing.
https://www.simbaenergy.ca/news/press-releases/49-simba-energy-aquires-controlling-interest-of-psc-for-blocks-1-a-2-onshore-guinea.html
The Mali PSC application has been accepted for approved but will require Simba management to attend a formal signing ceremony to make it official. This will be followed by an announcement from Simba that the PSC has been granted and signed.
As far as Liberia goes, the company is confident that this PSC will be granted and formally signed in the next few weeks. It has been a slow process but now that all of the federal election business is complete in Liberia, Simba has been notified that an invitation to travel to Liberia and sign the PSC should be received any day now. Simba will put out a formal News Release once the PSC has been granted.
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