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Simba Essel Energy Inc SMBZF

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

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Comment by LouisWinthorpeIIIon Aug 10, 2017 3:04pm
195 Views
Post# 26567473

RE:2nd Ed. of Unisol Magazine

RE:2nd Ed. of Unisol MagazineWith the completion of 2D seismic acquisition of approximately 520 line kilometres (Lkm), Essel Group ME (EGME) has contracted PGS Data Processing Middle East SAE, a UK/Cairo-based company, for the 2D seismic processing. The processing was undertaken in the Cairo processing centre, which possesses state-of-the-art technology. The complete processing was conducted under stringent supervision and guidance from EGME’s geological and geophysical team, along with a third-party audit.
 
The final results are impressive in terms of the quality of data, which is a prime requirement for fruitful interpretation and forms an important guidance for oil and gas exploration operations. At the time of data acquisition, the data and quality control were supervised by EPI, a UK-based renowned QC company, along with Xodus Group Ltd, another UK-based company in the same stream of business.
 
After the successful completion of processing 2D seismic data, the enriched data has been planned for detailed interpretation and resource estimation by an in-house exploration team, along with alternate interpretation services from Xodus group (UK) and CGG (UK). Sproule, a Canada-based company, has also been deployed for interpretation and NI51-101 resource certification. Results of these reports shall be used to identify the best location for drilling wells.
 
Currently, the seismic interpretation is progressing well and final results are anticipated soon. The initial results are promising in terms of the identification of several leads, which will later be evaluated for associated geological risks and ranking. The top-ranking prospect would then be further evaluated for well planning, estimation of depth to targets, economics and logistics prior to well spudding.
 
EGME has been doing its preliminary ground work in the formulation of solutions on equipment hire, specialised service-oriented work, local CSR activities, transport and logistics, and legal requirements for the smooth start of exploration wells in the region.

PROJECT SUMMARY EGME owns a 60 percent participation interest in the onshore Production Sharing Contract held by Simba Essel Energy Inc (Simba Essel), covering Block 2A in north eastern Kenya, a highly promising 7,802km2 prospect in Eastern Kenya. Falling within the confines of Block 2A are sections of two basins, the Mandera and Anza basins, which already have proven petroleum systems. 




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