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PapaFritzon Mar 21, 2016 11:36am
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SIMBA EXECUTES 2D SEISMIC CONTRACT FOR BLOCK 2A IN KENYA
SIMBA EXECUTES 2D SEISMIC CONTRACT FOR BLOCK 2A IN KENYA SIMBA EXECUTES SEISMIC CONTRACT FOR BLOCK 2A IN KENYA
March 21, 2016 / TheNewswire / Vancouver, British Columbia - Simba Energy Inc. (the "Company" or "Simba") (TSX Venture: SMB) (Frankfurt: GDA) (CQX: SMBZF) announces that through its subsidiary Company Simba Africa Rift Limited, a contract has been executed with Africa Geophysical Services LLC, (AGS) a Company incorporated under the laws of Sultanate of Oman, for the purpose of 2D Seismic Data Acquisition and Processing on Block 2A Wajir, Kenya.
Simba Africa Rift Limited and its farm in partner Essel Group ME (EGME), have agreed that the 2D Seismic Data Acquisition and Processing program will cover approximately 500 line km of survey and it is expected that preliminary field work and mobilization will commence in mid to late April, 2016 with the full survey to commence in early May 2016. It is expected that the work will take about 60-75 days to complete to be followed by interpretation of the data.
"We are pleased to finalize this contract and to commence the field work to obtain the necessary data. This will allow the Company to plan a drill program later this year." said Robert Dinning, President and CEO, Simba Energy Inc.
The next phase of the exploration will see EGME and Simba Energy Inc. jointly acquire an oil drilling rig. "The drilling process will start as soon as we get a positive seismic result", commented Gagan Goel, MD EGME and Vice - Chairman, Simba Energy Inc.
About Essel Group Middle East:
Read more at https://www.stockhouse.com/news/press-releases/2016/03/21/simba-executes-seismic-contract-for-block-2a-in-kenya#7YIMpD7CYKkor4w7.99