Simba Essel Energy Inc SMBZF

RE:RE:RE:5 cts.. Qui bono?

[PapaFritz]

mram, Liberian update from the financials;
Liberia:
Reconnaissance Permit Extension
Although the Company’s Liberia Hydrocarbon Reconnaissance Permit NR-001 in Liberia was allowed to expire in February, 2011, the application process of applying for the PSC effectively extends the life of the license through this process. The extension of the reconnaissance permit by National Oil Company of Liberia (“NOCAL”) provides both the company and NOCAL additional time to complete the technical review. This process has now been completed. The members of the Board of Directors of NOCAL have been revamped and the new board is behind schedule in its review process.
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The Company advises that it has received an invitation from NOCAL to meet and finalize details pertaining to the issuance of a PSC. Because of the serious outbreak of Ebola in Liberia, this meeting was deferred during fiscal 2015. 
The Company expects to finalize its application with NOCAL in the next 60 days. Once this is resolved and the PSC is issued, Essel with participate in the exploration program in a similar manner with other PSCs as outlined above.
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.smb/simba-energy-inc#QXDCAx60ao5WH3j6.99