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Simba Essel Energy Inc SMBZF

Energy Oil & Gas E&P
Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Simba Essel Energy Inc
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Comment by PapaFritzon Oct 13, 2015 3:24pm
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Post# 24187862

RE:PSC - Production Sharing Contract

RE:PSC - Production Sharing Contractgrewalmeet,  I'm not sure about how long it takes but Simba has 3 PSC's in total, Kenya, Guinea & Chad -- Liberia has been on hold for 2 years or so I think mainly due to Ebola, etc. Plus they have an application for PSC in Ghana This is from the home page on simba's site;

Simba Energy's portfolio comprises onshore PSCs in Chad, Kenya and Guinea. Its onshore PSCs in Ghana and Liberia are currently being ratified.

As potential is identified, Simba will seek farm-in partners to escalate and progress exploration of the assets before commencing on exploration drilling.

I block in Kenya, 2 blocks in Guinea & 2 blocks in Chad.
Sounds like Liberia is nearly a done deal they just need to have PSC ratified & signed by the Liberians which is being negotiated

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