Simba Energy Inc : Simba Energy Hosts Delegation From Guinea
Simba Energy Inc (TSXV:SMB,FWB:GDA) reported that it has successfully hosted a delegation from the Ministry of Mines and Energy, Republic of Guinea at its Head Office in Vancouver, Canada.
Simba Energy Inc (TSXV:SMB,FWB:GDA) reported that it has successfully hosted a delegation from the Ministry of Mines and Energy, Republic of Guinea at its Head Office in Vancouver, Canada.
As quoted in the press release:
On July 27 of this year, the Company announced an agreement with Summa Energy S.A., to acquire as the operator, a 60% interest in a Production Sharing Contract for Blocks 1 & 2 onshore Bove Basin, subject to Government approval. The delegation was here to review Simba`s technical and financial capabilities as part of due diligence relating to this agreement.
Simba Energy President and CEO, Robert Dinning remarked:
“Management believes it successfully demonstrated the merits of Simba`s financial and technical capabilities to the satisfaction of these officials. Our geological staff concluded Blocks 1 & 2 represent significant potential for oil and gas in a relatively underexplored basin. We are further encouraged by Hyperdynamics Corporation having just commenced the first of two exploration wells to be drilled off shore from Blocks 1 & 2 during these coming months and are eager to begin our exploration program. ”
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