Simba Essel Energy Inc SMBZF

Would be nice to get an update on the below?

[yycblackgold]

Would be nice to get an update on the below, how long does it take to get a permit to drill?  Have they started the FTG in Liberia?

October 19, 2018, Vancouver, British Columbia – SIMBA ESSEL ENERGY INC. (the “Company”) (TSX Venture: SMB) (Frankfurt: GDA) is pleased to provide the following update regarding Kenya and Liberia.

Essel Group Middle East (“EGME”) – Simba Essel’s partner in the PSC – who manage exploration activities in Kenya, advise that their geological team in Dubai have spent the past few months reviewing and analysing data obtained from three independent international resource consulting firms; Sproule International, CGG GeoConsulting, and XODUS, who in turn provided interpretation of seismic data previously carried out by Africa geophysical Services Ltd (“AGS”). That seismic survey produced a total of five hundred and twenty (520) kilometers of 2D seismic lines on Block 2A.

The EGME technical team have reviewed all data pertaining to the interpretation and have comprised a drill program which will be submitted to the Ministry of Energy in Kenya. This will be followed up with a technical presentation to the Ministry as part of their application to obtain a formal permit to drill.

EGME is also in advanced negotiations with a major drilling company regarding a drill program for Block 2A in Kenya. Once finalized, this drilling agreement will be submitted to the Ministry of Energy in Kenya for approval and issuance of a permit for drilling purposes.

In Liberia, EGME has executed a contract with Bellgeo Enterprises Limited of Edinburgh wherein Bellgeo will conduct a Full Tensor Gravity Gradiometry (“FTG”) survey in Roberts and Bassa Basin in Liberia. This contract has been submitted to NOCAL, which is the governing body in Liberia for resource exploration, for approval. This is part of a final environmental approval which must be issued by NOCAL prior to undertaking any exploration activities on the block.

Simba Essel Energy Inc. currently holds a Hydrocarbon Reconnaissance License (NR002) in Liberia which covers an onshore area known as Roberts and Bassa Basin and nearshore for a total of 2,961.7 sq. km.

[udontneed2know]

Reading those NR's always feels like a kick in the head. Can't believe i trusted this bunch of liars for such a long time!!! I really hope some company comes along and buys whatever we have left on the table.  

[mram]

If only the Team Simba/Essel came out clean and informed the shareholders of such planning - which they owe to them anyways.. But the lies and excuses have hit the ceiling... For once, if the Management could tell the truth...lol

[Vacc77]

A 3rd partner that would complete the Essel and Simba team is exactly what is needed: Simba: hold the PSC Essel: hold the money 3rd partner: hold the expertise (drilling) They are in discussion with a MAJOR company, and this company is aware and not scared about the fact that the oil or gaz is deep in Kenya. They also are already active in Africa and Known by government with high credibility

[udontneed2know]

And how would you know? If you've got this Info from Dinning, i couldn't care less about ist. Everything he said or wrote during tha last two Years was either wrong or a straight lie. I really hope you've got this Info from Hassan, who i dont even know still works for simba? 

[Bull100000]

 

[SwissMan]

Interestingbut who is the source of your information? Please take a look back ESSEL is in discussion since years everywhere, with NO result so far. ESSEL has NO moneythats a fact ...maybe just for their own pocket. Too many unpaid outstanding liabilities and the very important unpaid audit fees(!!!!). And not to forget the cancelled contract in the past, where ESSEL has not fulfilled the

[Everestbc]

Positive mail compared to other ones! Hope you are right! BC

[yycblackgold]

It is somewhat common industry knowledge that SimbaEssel have been shopping Kenya and the other African projects.  As for actual interest in a farm into these assets, I have no knowledge or insight, but it would make sense for a major with a local presence to be interested.

[Bull100000]

Let's hope for the best.

[stockbuff45]

Tks Vacc77 for the update. It also was indicated to me that a drilling co. might be a partner for at least Kenya.

[yycblackgold]

Schlumberger often participates in this manner......