Simba Energy Inc : Simba Energy Hosts Delegation From Guinea

- October 17th, 2011

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. ”

Click here to read the Simba Energy (TSXV:SMB,FWB:GDA) press release.

Click here to view the Simba Energy (TSXV:SMB,FWB:GDA) profile.

 

Tags

Leave a Reply