Simba Essel Energy Inc SMBZF

RE:It always comes down to risk vs reward.

[PapaFritz]

Exactly Jimbo! With these jr's its always about risk/reward and Simba gets a minimum 2 wells in Kenya FULLY CARRIED ~That alone mitigates the risk and the news said at least 2 prospects to be drilled, so it could be more than 2 wells if needed or necessary. ((TPN didn't have that luxury.))
Plus all those related costs for seismics etc. don't come from Simba's coffers nor will they need to dilute to pay their 'freight'. ( the JV is for all 3 assets Kenya/Guinea/chad )

Essel could stroke a cheque and buy Africa Oil but they aren't stupid - this way for a measly $100 Million (lol) they get to spin the roulette wheel for a chance at multi Billion$ in oil reserves in 3 different countries, 2 of which are producing nations already.

Worst case scenario for me as a smb holder is Essel takes out Simba after the Giant discovery is made and I only get $2 or 3 bucks a share?
Clearly Essel liked SMB's geotech data enough to pony up a minimum $100+ Mill?

Isnt' this kind of speculation a lot more fun than the old "days" round here? hehehe