DIe Rakete ist vorprogrammiert !

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04.05.10 16:18
3

100 Postings, 5314 Tage falkenaugeDIe Rakete ist vorprogrammiert !

Robert Dinning (CEO der Simba Energy Inc.) war mehr als 30 Jahre als Direktor und Vorstand bei Minen- und Explorationsgesellschaften tätig. Derzeit Direktor und leitender Angestellter von zwei erfolgreichen Gold-Explorationsunternehmen in Nordamerika, beide haben ein signifikantes Vorkommen und beide sind kapitalkräftig. Davon abgesehen habe alle anderen Direktoren ähnlich umfangreiche Erfahrungen bei Minen- sowie Öl- und Gas-Explorationsunternehmen.

Jim Dick (technischer Direktor), bringt eine 35-jährige Erfahrung ein. Diese sammelte er zum einen in großen Erdölfirmen wie Esso/Exxon und zum anderen bei kleineren Explorationsgesellschaften. Er war dabei sowohl auf der technischen Seite als auch im Management tätig. Jim hat umfangreiche Erfahrungen von der Nordsee bis Peru und Kasachstan sowie in Afrika gesammelt und war Mitglied des ursprünglichen geologischen Teams, welches in 1979 in Liberia mit der Ölsuche begonnen hat.

John King Burns ist ein hochqualifizierter Bankfachmann mit internationaler Erfahrung, der sowohl im Minen- als auch im Energiesektor auf ein großes Hintergrundwissen zurückgreifen kann. In der Vergangenheit war er sowohl geschäftsführender Direktor und "Global Head of Structured Derivate Finance" der Barclays Metals Group, Barclays Bank PLC. Er war Vorstandsmitglied von mehreren sehr großen Rohstofffirmen wie Northern Orion, die von Yamana Gold übernommen wurden. Derzeit ist er Direktor der Jinshan Gold Company. Hierbei handelt es sich um eine große Goldminengesellschaft, deren größter Aktionär die chinesische Regierung ist.

Charles de Chezelles war ebenfalls Mitglied des Gremiums mehrerer Minen- sowie Öl- und Gasgesellschaften. Zudem war er Vorstand der Cambrian Mining PLC. Er ist auch Direktor einer privaten Öl- und Gasgesellschaft, die Projekte in Kirgisien unterhält. Aus seiner Zeit im Investmentbanking hat er umfangreiche Erfahrungen mit Geschäften mit Rohstofffirmen in Afrika.

Bei diesem Management ist historisch gesehen Erfolg vorprogrammiert ! Imao

 

 

 

10.05.10 12:41

100 Postings, 5314 Tage falkenaugeseismisches Untersuchungsprogramm

Jetzt wird auf das seismische Untersuchungsprogramms gewartet... (ergebnis)

Sofern sich die Ressource in Liberia als ökonomisch abbaubar erweisen sollten, gibts hier schon mal den ersten schuub in richtung norden !

(nicht zu vergessen, das der plan ist noch dieses jahr zu foerdern !)

wer auf den newsletter warten ... wird vielleicht die explosion verpassen, but who knows ?

gruesse, an (der sich fuer simba.E interessiert)

 

19.05.10 05:55

100 Postings, 5314 Tage falkenaugeIncrease in Private Placement

Simba Energy Announces Increase in Private Placement

May 17, 2010, Vancouver, B.C., Canada – Simba Energy Inc. (the “Company”) is pleased to announce an increase of its non-brokered private placement. 

Pursuant to a news release dated April 14, 2010 the Company announced, subject to the approval of the TSX Venture Exchange, a private placement of up to 14,285,715 units at $0.07 per unit (“Units”) for total gross proceeds of up to $1,000,000.  Each Unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into an additional common share for a period of two years at a price of $0.15 per share. The private placement has been increased up to 28 million Units for gross proceeds of $1,960,000. The Company has received all subscriptions and intends to file and seek approval from the TSX Venture Exchange immediately.

The proceeds of the placement will be used for general working capital.

Finder’s fees may be payable in whole or part on the private placement in accordance with the policies of the TSX Venture Exchange.
Simba Energy President and CEO Robert Dinning commented, “The Company is pleased to see the level of market enthusiasm in being a part of this private placement.  With our refocused and aggressive targeted strategy being received so positively by the market, the new management team at Simba Energy is looking forward to utilizing our treasury in order to build maximum shareholder value.”
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements, including the amount of the offering and its completion, are subject to risks and uncertainties, including those specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement except in compliance with applicable securities laws.

About Simba Energy Inc.
Simba Energy, Inc. (TSXV: SMB) (Frankfurt: GDA) is an oil and gas exploration company focused on hydrocarbon opportunities in Africa.  Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia which extends over an area of 1,366 sq. kms and covers the entire onshore extent of the Robert-Bassa Basin.
The Company’s shares are listed on the TSX Venture Exchange under the symbol SMB as well as the Frankfurt Stock Exchange under the symbol GDA.

On Behalf of the Board,
“Robert Dinning”
President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@simbaenergy.ca    Telephone: (604) 641-4450   Facsimile: (604) 669-9335

 

28.05.10 17:52

100 Postings, 5314 Tage falkenaugethe new crude oil frontier

News from globeandmail.com

THE NEW CRUDE FRONTIER

Monday, May 10, 2010

As energy sources decline elsewhere, oil firms are turning to the vast potential of Africa. 

SHAWN McCARTHY

OTTAWA -- GLOBAL ENERGY REPORTER

As energy sources decline elsewhere, oil firms are turning to the vast potential of Africa. 

Canadian Natural Resources is spending $260-million to develop its stake in West Africa's growing offshore oil production. And the Calgary company has property off South Africa where it intends to conduct what it calls a high-risk but potentially high-reward exploration.

Known more for its oil sands focus, CNRL has steadily ramped up production in West Africa as part of its strategy to leverage expertise gained in the North Sea, and to replace declining production in that aging field.

The Canadian company began pumping oil last year from its Olowi field, 20 kilometres off Gabon's coast, and is adding additional production platforms this year. It will also do some drilling to replace expected declines on two fields, Baobab and Espoir, off Ivory Coast.

The African projects are among the company's most profitable. Last year, CNRL boosted its West African crude output by 23 per cent to more than 32,000 barrels per day, though it expects production growth to flatten out in the coming years.

"Every company I know of is active in West Africa," said Fadel Gheit, New York-based analyst with Oppenheimer & Co.

And the West African offshore will attract even more attention - and exploration dollars - if the U.S. drives up the cost of drilling in the prolific Gulf of Mexico by imposing new regulations in response to the devastating April 20 blowout of BP PLC's Deepwater Horizon well.

"With more stringent environmental rules [expected] in the U.S. after this Gulf of Mexico disaster, that will help West Africa," Mr. Gheit said.

Houston-based Anadarko Petroleum Corp. and the U.K.'s Tullow Oil PLC reported significant finds in Uganda, and off the coasts of Ghana, Ivory Coast, Liberia and Sierra Leone, where companies hope that offshore developments could rival some existing fields further south.

Anadarko has also struck natural gas off Mozambique, in East Africa, while exploration companies are touting Kenya and even Somalia as prospective oil and gas producers.

Off the coast of Ghana, Anadarko has made two discoveries - Jubilee and Tweneboa - that have led the industry to conclude the deep water north of the Gulf of Guinea holds major crude oil fields. Some geologists believe West Africa was once part of the same geological formation that includes the oil-rich Gulf of Mexico and offshore Brazil, and that there may be vast deposits in the ultra-deep offshore.

While there have been many promising discoveries, Africa remains a relatively modest player in terms of actual energy reserves, accounting for less than 10 per cent of the global total. In the sub-Saharan region, only Nigeria and Angola have world-class reserves.

Super-major Exxon Mobil Corp. spent a quarter of its capital and exploration budget in Africa last year, or $6.2-billion (U.S.), just slightly behind spending in Asia and the Middle East. The lion's share of Exxon's efforts is going to Angola and Nigeria. The two OPEC members each produce about 2 million barrels per day and represent major sources of imported oil to the U.S. and China. Exxon expects to add 127,000 barrels per day in production in Angola over the next three years, and 82,000 barrels in Nigeria. After 2012, it is planning four more projects for a net addition of 117,000 barrels per day in Angola, and 328,000 in Nigeria. However, Nigeria has seen its production fall by 16 per cent - or more than 400,000 barrels per day - since 2005 as violence and civil conflict in the Niger Delta has impaired operations. Angola, over that same time span, boosted output by more than 600,000 barrels a day, and has become the second-largest source of imported oil to China and a significant source for the U.S.

you can imagine - even more to come

 

28.05.10 18:25

100 Postings, 5314 Tage falkenaugeRobert Dinning - interview

04.06.10 14:29

100 Postings, 5314 Tage falkenaugeSimba Energy schließt Privatplatzierung ab

Vancouver, B.C., Canada – June 3, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce that further to its news releases of April 14 and May 17, 2010, it has now closed its private placement.  The Company issued a total of 31,222,357 units at $0.07 per unit for total gross proceeds of $2,185,565.  Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until May 31, 2012, a price of $0.15 per share. 

The Company paid/issued the following in finder’s fees in respect of the placement:

(a) Cash payments totaling $19,619;

(b) 280,280 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.15 per share until May 31, 2012;

(c) 1,240,000 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.10 per share until May 31, 2012.

All securities issued under the placement are subject to hold periods expiring on October 1, 2010.

Proceeds of the placement will be used for general working capital.
“The completion of this private placement is a significant move forward.” said Simba CEO and President Robert Dinning.  “The Company once again is showing the market that with our name change and the refocus that has come with our new management team in place, Simba Energy is pursuing an aggressive path to building shareholder value through the execution of our African targeted strategic focus.”


 

22.08.10 13:24

100 Postings, 5314 Tage falkenaugeTGS Expands Regional 3D Coverage Offshore Liberia


Source: www.gulfoilandgas.com 10/19/2009, Location: Africa 
Seismic survey 

TGS-NOPEC Geophysical Company (TGS) confirmed the start up of its next phase of regional multi-client 3D seismic acquisition in offshore Liberia. The new two-thousand square kilometer 3D program expands the existing 9,000 square kilometers of 3D coverage that TGS initiated in late 2008. The latest Liberia phase will be recorded with long offset acquisition and will incorporate state of the art Prestack Time and PreStack Depth data processing. TGS expects preliminary data to be available in the third quarter of 2010. 

Offshore Liberia has received significant interest in recent months due to the excitement generated by new oil discoveries in both the Gulf of Guinea and Sierra Leone.

“It is exciting to have data in a trend that has recently produced significant oil discoveries in Offshore Africa, commented Kim Abdallah, TGS’ VP of New Ventures in Africa and the Middle East. “ Our coverage of this emerging oil play will now be more than 14,000 kilometers of multi-client 2D data and 11,000 square kilometers of 3D data. The program is heavily refunded.
 

22.08.10 13:41

12846 Postings, 6507 Tage d007007007Es gibt versch.Raketen!

http://de.wikipedia.org/wiki/Boden-Boden-Rakete
-----------
Ich spreche ausdrücklich niemals!! Kaufaufforderungen oder Verkaufsaufforderungen aus! Ich schreibe immer nur meine private Meinung!! Jeder sollte sich sein eigenes Bild machen !!

14.09.10 14:43

100 Postings, 5314 Tage falkenaugeSimba Energy kündigt Privatplatzierung an

 Unternehmensangaben vom Dienstag zufolge wird eine Privatplatzierung von bis zu 8.125.000 Wertpapiereinheiten zu einem Preis von jeweils 0,08Dollar durchgeführt. Die Transaktion soll zu einem Bruttoerlös von bis zu 650.00 Dollar führen. Jede Wertpapiereinheit wird dabei aus einer Stammaktie sowie aus einem Warrant bestehen, der innerhalb eines Zeitraums von einem Jahr zu einem Preis von 0,16 Dollar in eine weitere Stammaktie umgewandelt werden kann. Die Transaktion steht noch unter Vorbehalt der Billigung durch die TSX Venture Exchange. (14.09.2010/ac/n/a)

Offenlegung von möglichen Interessenskonflikten: News, übermittelt von der aktiencheck.de AG. Die aktiencheck.de AG veröffentlicht diese News im Auftrag des gegenständlichen Unternehmens. Für den Inhalt ist das Unternehmen selbst verantwortlich. Für die Richtigkeit der Übersetzung (Zusammenfassung) wird keine Haftung übernommen. Bitte beachten Sie die englische Originalmeldung.

 

 

 

18.12.10 15:33

100 Postings, 5314 Tage falkenauge''TER: Are there any other oil plays you like?

 Article: http://www.theenergyreport.com/pub/na/8127


Energy report with AlphaNorth Asset Management President and CEO Steve Palmer. The part that pertains to Simba, 

''TER: Are there any other oil plays you like?

SP: There's Simba Energy Inc. (TSX.V:SMB), which is a very early stagecompany that's assembled some land that's highly prospective for oil onAfrica's west coast. Oil seeps all over the land, indicating that oil isthere somewhere. A couple of major oil companies are drilling verynearby offshore.

TER: What's Simba trading at right now?

SP: It's trading at 
.08 a share; I got in at roughly the same level. Currently, the market cap is around $7 million.

TER: What will be the next catalyst there?

SP: The company is working to attain a production-sharing agreement fromthe government to drill on its property. That should come sooner thanlater but it's very hard to predict with African governments,particularly those where Simba is operating—Mali, Liberia and Ghana. Itmay get done, but it may never come—that's why it's a $7 millioncompany.

TER: You must like either the thesis or the management?

SP: The thesis makes sense. Another company with a similar business planis Centric Energy Corp. (TSX.V:CTE), which was pursuing oil in Africaalso. Africa Oil Corp. (TSX.V:AOI) offered to buy Centric for $60million on November 29.''

 

 

05.01.11 12:53

100 Postings, 5314 Tage falkenaugeaction?

 With two possible psa agreements within two months ,who wouldnt want to own a few shares of Simba ?

 

19.01.11 17:01

100 Postings, 5314 Tage falkenaugeund sie fliegt und fliegt

23.02.11 20:30
2

521 Postings, 5285 Tage Schabo04Insider Käufe

sehr schön, Iwentash Sheldon und seine Pinetree Capital kaufen sich auch ein!
Überall wo Sheldon auftaucht wird es interessant!

http://canadianinsider.com/coReport/allTransactions.php?ticker=smb

LG Schabo04  

08.04.11 18:43
1

1420 Postings, 5411 Tage madoldIst ruhig geworden um SIMBA ...

... ich hoffe, das ist ein gutes Zeichen. Relativ stabile Seitwärtsbewegung in Kanada, immerhin. Doch was es jetzt dringend braucht, sind gute News (Genehmigungen). Die letzten stammen vom 17.03.

Simba Energy meldet Unternehmens-Update

Vancouver (British Columbia, Kanada), 17. März 2011. Simba Energy Inc. (das Unternehmen), ein Öl- und Gasexplorationsunternehmen, dessen Hauptaugenmerk auf die westafrikanischen Länder Liberia, Mali und Ghana gerichtet ist, freut sich, seine Aktionären über folgende Updates zu informieren:

Betreffend Liberia:
Bezug nehmend auf unsere Meldung vom Oktober 2010 reichte Simba Energy bei der National Oil Company of Liberia (NOCAL) einen Antrag für die Umwandlung seiner aktuellen Hydrocarbon Reconnaissance Permit (NR-001) in ein Production Sharing Agreement (PSA) ein. Seither führte das Unternehmen umfassende Gespräche mit der NOCAL, um diesen PSA-Antrag zu prüfen, zu forcieren und zu finalisieren. In diesem Zeitraum kam es im Management sowie im Board of Directors der NOCAL zu Änderungen und die Regierung beschloss einen Stopp von neuen (Offshore)-PSA-Anträgen. Das Unternehmen freut sich bestätigen zu können, dass es alle erforderlichen Verhandlungen und Gespräche mit der NOCAL geführt hat und dass es nun auf ein letztes Treffen mit dem technischen Komitee wartet, um ein Abkommen zu formalisieren.

Ebenso Newsupdate zu Mali und Ghana ...

http://www.wallstreet-online.de/nachricht/...56-irw-news-simba-energy  

29.04.11 22:38
1

1420 Postings, 5411 Tage madoldSimba is granting stock options

Vancouver, BC, Canada - April 20, 2011 - Simba Energy Inc.  has granted stock options to its directors, officers and consultants, under its stock option plan, for the purchase of up to 6.6 million common shares of the Company for a period of three years at a price of $0.20 cents per share.

On Behalf of the Board,
"Robert Dinning",  President and CEO

http://www.simbaenergy.ca/news/...s-under-its-stock-option-plan-.html  

01.05.11 16:50

521 Postings, 5285 Tage Schabo04weitere Insiderkäufe

Robert Dinning : Einlösen von Optionsscheinen
Iwentash Sheldon: Zukauf im Markt

http://canadianinsider.com/coReport/allTransactions.php?ticker=smb

LG Schabo04  

18.05.11 10:12

72 Postings, 4916 Tage JojosoWo bleibt die PSA ?

Hallo guten Morgen,

warum dauert die Bewilligung der abschliessenden PSA Verträge solange  ?

Das läuft ja nun schon seit 2010.

Wann wollen die denn mit dem Seismischen Bodenerkundungsprogramm dann beginnen ?

Der Kurs hat ja nun schon etwas nachgegeben

gute Nachkaufsgelegenheiten jedenfalls.

Finde das ganze Simba Energy Projekt sehr vielversprechend

nur mehr Info wäre gut.  

18.05.11 20:24

100 Postings, 5314 Tage falkenaugeaua

 it's about time the Management should communicate with the shareholders...

 

28.05.11 01:35
1

1420 Postings, 5411 Tage madoldEin Fingerzeig?

27.05.11  21:51 Uhr TSXV
0,165 CAD
+17,86%

Konnte leider keine passenden News finden. Doch irgendetwas scheint im Busch ...  
Angehängte Grafik:
simba-energy_up_tsx_27-05-2011.png
simba-energy_up_tsx_27-05-2011.png

28.05.11 16:09

100 Postings, 5314 Tage falkenaugesimba the lion

 http://www.stockhouse.com/Columnists/2011/May/26/...rican-mining-juni

 
Read number 5. Looks like news could be coming forth here.
 
=

It looks like BMO Nesbitt picked (27may) up over 130K shares in the last 10 min. of trading.T

-

sieht gut aus - koennte gleich losgehen ....

 

 

06.07.11 16:06
2

1420 Postings, 5411 Tage madoldSimba Energy Inc, Finalizing Onshore Liberian

Simba Energy Inc, Finalizing Onshore Liberian PSC Application
July 6, 2011, Vancouver, B.C., Canada.  Simba Energy Inc. (the "Company") (TSX- V: SMB, Frankfurt: GDA, OTCBB: SMBZF), has received an official invitation from the National Oil Company of Liberia (NOCAL) to meet in Monrovia, Liberia during the week of July 18, 2011 to commence the final negotiation process for Simba Energy Inc.'s formal Production Sharing Contract (PSC) application. A Draft Production Sharing Contract (PSC) has been received from NOCAL and Simba Energy is currently reviewing this draft PSC 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.

http://www.ad-hoc-news.de/...-onshore-liberian-psc--/de/News/22265858  

06.07.11 17:22

521 Postings, 5285 Tage Schabo04@Madold

ja da ist ja endlich die News, wenn jetzt die Genehmigung kommt sind wir auf einem guten Wege. Der erste Explorer mit Onshore Lizenz 001 in Afrika.

LG Marcel  

06.07.11 22:30
1

1420 Postings, 5411 Tage madoldYeahhhh!

Schabo04: Dann mach ich mir ein T-Shirt mit A001 ... und 'nem kleinen Löwen drauf. Hat ja auch ein bisschen gedauert! Jetzt hoffentlich die Genehmigung und dann bohren zwischen den ganz Großen des Ölgeschäfts. Der Fuchs I. Sheldon (Pinetree) weiß, warum er hier investiert ist. Der Kurs in Kanada mit gut 1,34 Mio Shares zeigt, dass die Botschaft angekommen ist.  
Angehängte Grafik:
simba_tsx_06-07-11.png
simba_tsx_06-07-11.png

19.07.11 12:10
1

1420 Postings, 5411 Tage madoldChevron Bohrung verspricht Gutes für Simba

"Chevron drilling in Liberia augurs well for Simba Energy"

Simba Energy (CVE:SMB, OTCBB:SMBZF), currently looking to finalise an onshore production sharing contract with the Liberian officials, will be encouraged by news that Chevron (NYSE: CVX) expects to start drilling its first deepwater well off the coast of that country in the fourth quarter. Two of the oil giant’s prospects are adjacent to Simba’s own property.

The announcement by Chevron yesterday follows on from the Liberian government last year approving the company’s investment in several blocks. The agreement gave Chevron a 70 percent interest in deepwater blocks LB-11, LB-12 and LB-14. All are located 12 to 110 miles south of Liberia's capital, Monrovia.

With all three Chevron’s blocks nearby Simba’s own onshore property, and two of them (LB-14 and LB-12) adjacent, the oil junior will naturally be excited by the potential for its own venture in Liberia.

Only last week Simba announced that it will hold talks with the National Oil Company of Liberia (NOCAL) in Monrovia in the week beginning 18 July, to finalise a formal Production Sharing Contract (PSC) application for its property.

Simba’s Liberian permit area extends over an area of 1,366 sq. kms and covers the entire onshore extent of the sedimentary basin known as the Robert-Bassa Basin.

The company has already received a draft PSC from NOCAL. It is quietly confident that the forthcoming negotiations will lead to the onshore PSC being issued.
...

http://www.proactiveinvestors.com.au/companies/...a-energy-17900.html  

28.07.11 11:56
1

521 Postings, 5285 Tage Schabo04News

Simba Energy Acquires Controlling Interest of PSC for Blocks 1 & 2, Onshore Guinea
Jul. 27, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- Simba Energy Inc. ("Simba" or the "Company") (TSX VENTURE:SMB) (FRANKFURT:GDA) (OTCBB:SMBZF), announces it has signed an Agreement to acquire a 60% interest in the PSC (Production Sharing Contract) for Blocks 1 & 2 comprising 12,000 square kilometres onshore in the Republic of Guinea's Bove basin.

Under terms of the agreement, Summa Energy is transferring to Simba Energy a 60% interest in the PSC covering Blocks 1 & 2. Simba will provide 100% funding of all program costs in the first year, and 60% of all program costs thereafter.

The finalization of this agreement is subject to receipt of approval from the Republic of Guinea's Minister of Mines and Geology (Le Ministere des Mines et de la Geologie). A work program, including planning for commencement of a seismic program, will proceed immediately after receipt of final approval from the Minister of Mines. Simba recently conducted a detailed review of technical data on Blocks 1 & 2 and concluded a significant potential for oil and gas exists.

Highlights of the potential of the Bove basin include:

Migration and communication are demonstrated by the presence of seeps, large accumulations of bio-degraded heavy oil at surface, along with light oil staining in earlier (historical) core and samples
A detailed laboratory analysis of samples from two wells carried out in 1989 by Beicip (France) indicated a level of maturity as mature to over mature and a source that is likely oil prone
Silurian shales, which are the major source rock in all North African basins, are present
The basin has three known reservoir systems with fair to good reservoir parameters in both clastic sediments and carbonates
A gravity and magnetometer survey carried out over the entire basin in 1972 by Texas Geophysical Company indicates sediments were present up to a depth of 4,000 metres and identified numerous anomalies, the magnitude of which remain of great interest
Most of the basin's wells to date were drilled prior to the 1960's and were too shallow to fully evaluate the section
The tectonic style of the Bove basin is such that structures are formed that produce traps capable of pooling large reserves
In an area 100 to 200 kilometres offshore from Blocks 1 & 2 Hyperdynamics Corporation (Houston, TX, NYSE Amex: HDY) recently carried out extensive 2D & 3D seismic surveys and now plans to drill the first of a two well program later this year.

Robert Dinning, President & CEO of Simba said, "This agreement is a major milestone for the Company, and further supports our strategy of pursuing underexplored onshore basins in Africa. The Company also advises it has completed PSC applications with other jurisdictions in the region, and expects to close these very shortly. When completed the Company will possess an exciting portfolio of exploration properties in addition to the PSC for Blocks 1 & 2 just acquired in Guinea".

To view a map detailing the geographic scope of this acquisition, please visit our website or select the following link: http://www.simbaenergy.ca/images/simba_blocks1and2_guinea.pdf

James Dick, P.Geol., P.Eng., Director of the company and Qualified Person in accordance with National Instrument 51-101, has reviewed and approves the technical disclosure in this news release.

Finder's Fees on this acquisition will be paid in accordance with TSX Venture Exchange policy.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company strategically focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Ghana, Guinea and others). This region has shown increased promise for development of new hydrocarbon deposits. On behalf of its shareholders the Company's Senior Management Team have endeavoured to leverage their expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where we work.

ON BEHALF OF THE BOARD

Robert Dinning, President & CEO

http://tmx.quotemedia.com/...le.php?newsid=43323067&qm_symbol=SMB

LG Schabo04  

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