Simba Energy Inc. (CVE:SMB,FRA:GDA) reports a coporate update to its shareholders.
Simba Energy Inc. (TSXV:SMB,FRA:GDA) reports a coporate update to its shareholders.
The press release is quoted as saying:
Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on strategic hydrocarbon opportunities in Africa (Liberia, Ghana and Mali). This region has shown increased promise for development of new hydrocarbon deposits.
Simba Energy’s President and CEO, Robert Dinning says:
We are very pleased with the progress our management team has made during the past 12 months as the Company transformed itself from a mining orientated exploration company to one focused on oil and gas exploration in West Africa. It has been challenging and the management team has done an outstanding job fulfilling any and all requirements put to it by the various governments and agencies while assessing and applying for the petroleum assets we chose to pursue. We have also been able to build a number of high quality relationships within a number of jurisdictions that will surely be helpful going forward. In this same timeframe the general global economic outlook for oil as a commodity has improved significantly and the Company is now in the best position it has been in since its re-organization just over one year ago to take advantage of geographic inroads it has made in the past year”.