(TheNewswire)
April 11, 2018 / TheNewswire / Vancouver, British Columbia — At the
request of IIROC, Simba Essel Energy Inc. (the “Company”) (TSX Venture: SMB) (Frankfurt: GDA) (OTCQB: SMBZF)
wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would
account for the recent increase in market activity.
About E ssel Group Middle East
Essel Group Middle East (“EGME”) is a diversified natural resources company with a focus on the exploration,
development and production of oil, gas and mining assets. The group targets assets in proven basins with near-term production
potential and it has operations in Kenya, Guinea, Ghana, Liberia and Eritrea. EGME is backed by Essel Group, a global conglomerate
with a 40-year history spanning numerous industries including the media, packaging, entertainment, infrastructure, education and
metals. For further information, please visit www.esselgroupme.com .
About Simba Essel Energy
Simba provides investors with well positioned exposure to oil and gas exploration in key areas of Africa with
active onshore PSC in Kenya, final negotiations for a new PSC in Guinea and a new Hydrocarbon Reconnaissance Permit in Liberia.
Simba’s mission is to focus on onshore oil and gas potential in areas that are under-developed or not previously exploited. For
further information, please visit: www.simbaenergy.ca
.
ON BEHALF OF THE BOARD
"Robert Dinning"
President & Director
For further information, contact:
Robert Dinning
Toll free: 1‐855‐777‐4622
info@simbaenergy.ca
Nei ther the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes certain statements that may be deemed to be “forward-looking statements”. All
statements in this release, other than the statements of historical facts, that address events or developments that the Company
expects to occur, are forward-looking statements. Forward‑looking statements are statements that are not historical facts and are
generally, but not always, identified by the words “expects”, “plans”, “could” or “should” occur. Forward looking information in
this news release includes, without limitation, all statements regarding the use of proceeds. Although the Company believes that
the expectations expressed in such forward‑looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in forward‑looking statements. Factors that
cause the actual results to differ materially from those in forward-looking statements include: results of exploration and
development activities, regulatory changes, defects in title, availability of materials and equipment,
timeliness in government approvals, continued availability of capital and financing and general economic, market and business
conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base
themselves on the Company’s forward-looking statements should carefully consider the above factors as well as the uncertainties
they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements
are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of
the Company at www.sedar.com for further
information.
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