Simba Energy Inc. Finalizing Onshore Liberian PSC Application

Simba Energy Inc. (TSXV:SMB) reports its finalizing an onshore Liberian PSC application.

The press release is quoted as saying:

During this period there have been changes to management and the board of directors of NOCAL, as well as a moratorium imposed by the Government on new (offshore) PSC applications. The Company is pleased to confirm it has successfully completed all required negotiations and discussions with NOCAL and will be in attendance the week of July 18, 2011 to finalize discussions which it anticipates will lead to the issuance of the onshore PSC.

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