Simba Essel Energy Inc SMBZF

RE:Seeking Alpha Article on Taipan "likely a ten bagger.."

[Aton]

Near term catalysts that could move the share price both for Taipan and Simba (S.). •Closing of Farm Out Deal with Premier Oil (Ajax for S.) - Institutional shareholders will begin to invest when the farmout deal closes before Christmas. •Removal of the current share price appreciation impediment - Management are actively working on a plan to buy-out the legacy shareholder who also holds warrants. (don´t know if we have the same problem in S. ) •New Updated Block 2B Competent Persons Report (Sproule Consultants) due in December - Previous 2012 report was based on old seismic which indicated mean unrisked prospective resources of 410 million barrels (identified in 17 leads). Hopefully the new 560-fold 2D seismic recently completed will increase this resource estimate substantially. (the leads goes into S. 2a block) •Bahasi exploration well results - Not an analogue well but being drilled by Africa Oil in the Anza Basin near Block 2B and the proposed location for Taipan's exploration well next year. Results expected before Christmas (near S. 2a block to) •Block 1 and or Block 2B further Farm down -This could happen sooner rather than later. The company may choose to further farm down their concessions to raise additional working capital. With Afren already on Block 1 and Premier on Block 2B, this should be a straight forward process. They've got the big company stamp of approval on seismic on both blocks which raises the block value significantly. (for S. other farmdowns is in the pipe) •Sala 1 exploration well results - This Africa Oil well spuds around year end (after Bahasi completed) and this is a Tertiary play along bounding fault and in very close proximity to Taipan's Block 2B. (and S. 2a block)