GREY:SMBZF - Post by User
Comment by
virgo85on Mar 20, 2018 8:13am
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Post# 27744734
RE:RE:RE:RE:RE:News Release
RE:RE:RE:RE:RE:News ReleaseFOOLED ALL WITH 2012 DATA...come on Essel - you are a very Reputed Company? NO?.. NOTHING AFTER. NR OF NOVEMBER 2017 ESSEL'S website is for the dogs now..... .......
stjjmac wrote: Sig, I think you are right . Attached below is the data from the 2012 Sproule report which has a similar number. Was hoping we would get a similar detailed update. Not sure what additional seismic would add at this point, anyone gave any ideas.
June 12, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), is pleased to announce that independent petroleum consultant Sproule Associates Limited (“Sproule”) has completed a technical report compliant to NI 51-101 and CPR (Competent Persons Report) standards in respect of Simba’s holding, a 100% interest in the PSC (Production Sharing Contract) for onshore Block 2A, Kenya, comprising 7,802 sq.km within the Madera-Lugh basin, near the juncture with the Anza basin and Lamu Embayment/Basin.
Utilising the existing 500km of 2D seismic, Sproule’s report has defined three prospective leads at four representative seismic horizons. Five horizons have been carried in the interpretation. For this initial assessment, the Gross Unrisked Undiscovered Petroleum Initially In-Place, (Mean) was 1,927.1MMboe and the Gross Unrisked Prospective Resources (Mean) was 445.3MMboe. The Total Gross Risked Mean Prospective Resources was 26.9MMboe. See also table below.
Table: Initial Resource Assessment of Block 2A – First Three Leads
(Source: Sproule and Associates Ltd.)
| Lead | Zones | Gross Unrisked *Undiscovered Petroleum Initially In-Place, (Mean) MMboe | Gross Unrisked **Prospective Resources (Mean) MMboe | Gross Risked Mean Prospective Resources (Mean) MMboe |
| 1 | Ken 5 | 507.2 | 117.2 | 10.5 |
| | Syn-Rift 2 | 413.5 | 95.5 | 3.8 |
| | Syn-Rift 1 | 326.4 | 75.4 | 1.5 |
| 2 | Ken 5 | 180.9 | 41.8 | 3.8 |
| | Syn-Rift 2 | 128.7 | 29.8 | 1.2 |
| | Syn-Rift 1 | 98.3 | 22.7 | 0.5 |
| 3 | Ken 5 | 272.1 | 62.9 | 5.7 |
| Total | | 1,927.1 | 445.3 | 26.9 |
*Undiscovered Petroleum Initially-In-Place (equivalent to undiscovered resources) is that quantity of petroleum that is estimated, on a given date, to be contained in accumulations yet to be discovered. The recoverable portion of undiscovered petroleum initially in place is referred to as “prospective resources,” the remainder as “unrecoverable.”