The Conversation (0)
Work at the Simba Energy Inc. (TSXV:SMB,FWB:GDA,OTCQX:SMBZF) Block 2A project in Kenya is progressing ahead of schedule, with two exploration leads already identified early in the study. Also, Tullow and Africa Oil are commencing drilling in Kenya close to Block 2A.
As quoted in the press release:
In addition to the project’s Environmental Impact Assessment (EIA) being completed, approved by management, and submitted to the oil ministry, the Company has also been successful in obtaining all the past geophysical data relevant to Block 2A which has allowed the work program already approved by the ministry to be accelerated that includes a passive seismic survey now anticipated to begin early April.
The reprocessing of select 2D lines has been completed while all other seismic lines have been scanned and vectorized into digital format. Existing gravity and magnetic data has also been reprocessed and is now being interpreted in conjunction with the seismic work. Further, two exploration leads have already been identified in these early stages of the study.
Simba Energy President & CEO Robert Dinning said:
“Having progressed this well early on sure helps the Company gain some traction. While this passive seismic program we plan to carry out will definitely help in deciding how we focus our next efforts our technical team has done a great job in compiling and completing the information to be considered for both a NI 51-101 technical report and Competent Persons Report (CPR) that we anticipate will be completed in these coming weeks. It sure is encouraging to see such positive results come from this region in these past number of weeks. There’s no question things are heating up in the area so we’re looking forward to maintaining our aggressive pace on the ground in Kenya. Management and our technical staff have remained very active evaluating other assets within the region for the Company to target and secure so things are ramping up for us in other areas as well.”
Click here to read the Simba Energy Inc. (TSXV:SMB) press release
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