Simba Essel Energy Inc SMBZF

RE:Kenya Factsheet block 2A - 2017/06

[LouisWinthorpeIII]

Next Steps
-EGME expects to drill two conventional wells, starting in Q4 2017
-Well trajectory will most likely be deviated to cover several targets
-A complete and robust openhole and casedhole logging program will be employed
-Further development strategy will be refined following well testing results

In March 2016, Africa Geophysical Services was mandated to conduct the 2D seismic survey for EGME, which represented an important step ahead of the drilling program scheduled for 2017.

The aim of the 2D seismic survey was to identify and evaluate areas with hydrocarbon potential in Block 2A and confirm the previous geophysical studies. The survey area covers approximately 520 LKM of seismic lines and validates anomalies based on the previous FTG and passive seismic surveys.

Seismic processing has been completed by Petroleum Geo Services and seismic Interpretation by Xodus Group. Based on integration of all available data, the interpretation has identified several potential leads in Block 2A, a number of which are shown on the structure map below.