GREY:SMBZF - Post by User
Post by
Everestbcon Jan 06, 2017 2:59pm
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Post# 25676777
Mail from Mark
Mail from MarkHi Xxxxx
I hope you had a great Christmas holiday, all the best to you in 2017!
The data interpretation is on track to be completed in the first Quarter which should help to solidify the locations for the first two drilling targets. Simba’s data sets are comprised of historic 2D seismic, IPDS Passive Seismic that was shot in 2012, FTG (Gravity) shot in 2014 and now the latest 2D seismic that was just completed.
Simba and its partner Essel Group (EGME) have begun the preparing for the process of shipping the drilling rig into Kenya. Once the rig has arrived in Kenya it will likely take at least 90 days to mobilize and construct, the drilling target locations are dependent on the interpretation which is designed to locate the first of two exploration drilling programs on block 2-A.
Negotiations in Chad and Guinea continue and there have been recent discussions in Ghana where Simba and its partner EGME are planning on pursuing and finalizing an exploration block later in 2017.
Simba expects news regarding the finalized permit for Liberia and the newly extended exploration acreage to be released within the next two weeks.
Please don’t hesitate to contact me if you have any other questions.
Regards,
Mark