RE:RE:RE:RE:Kenya's Best Value Play is SIMBA ENERGY TSXV.SMBI'm using the rumor that there is a commerical discovery on block 9 and that they are now at total depth (3500m) news could be as early as next week....
"The Sala-1 well in Kenya Block 9 will spud mid-February 2014 and Africa Oil will operate this well on behalf of its 50% joint venture partner Marathon Oil Corporation. The prospect is a large three way dip closed structure against the rift bounding fault in the Cretaceous Anza rift in a similar structural setting to the Tertiary Ngamia discovery in Block 10BB.
Sala is updip from the Bogal-1 well drilled in 2010 which appeared to find a significant gas accumulation and also near the Ndovu-1 well drilled in 1988 which had significant shows of oil and gas. The unrisked prospective resources for Sala are approximately 400 million barrels of recoverable oil based on a third-party independent resource assessment. The well has a planned total depth of 3,450 metres and is expected to complete by end April 2014"
So if its dry, gas or OIL we should see a nice little popski in all the Kenyan players.... IMHO... of course... and no I cannot confirm with 100% certainty... but I have been hearing this outside the confines of stockhouse...
Plus they already discovered gas in the same area so they know there's hydro's present.....