Simba Engages Sproule to Evaluate Block 2A - Kenya
Simba Energy Inc. (the 'Company?) (TSXV: SMB, Frankfurt: GDA, OTCQX:
SMBZF) is pleased to announce Sproule Associates Limited (Calgary) as
having been engaged to carry out an evaluation on the Company′s 100%
interest in Block 2A in Kenya and provide an evaluation report compliant
to both NI 51-101, and a Competent Persons Report ("CPR′ ? for European
investment standards).
Sproule has considerable evaluation experience in Kenya and especially
in the area of Block 2A where they have previously provided similar
reports for blocks adjacent to Block 2A. The Company expects the report
to be completed in the next 60 days.
Robert Dinning, President & CEO remarks, '?we commissioned Sproule for
this evaluation because they have done extensive in depth geological and
geophysical studies in the immediate area. While Simba′s technical team
is encouraged by its own evaluation and review of the available data,
our shareholders can now look forward to seeing the results of an
independent evaluation of this asset′s potential within these coming
weeks.?
About Sproule Associates Limited
Sproule is a premier, independent petroleum consulting firm with
expertise in geology, geophysics and petroleum engineering, anchored by
over 60 years of experience and widely recognized for their expertise
and independence in providing clients with a wide range of services,
leveraging their expertise in understanding and evaluating
unconventional and conventional hydrocarbon assets worldwide. This world
class expertise is built on a wealth of experience and proprietary
datasets with more than 19,000 projects completed for over 4,300 clients
since inception in 1951 and with direct experience from work in every
oil and gas region of the world. Sproule has significant previous
experience in Kenya, including recent Competent Person′s Reports and
resource studies conducted for a number of the blocks adjacent to Block
2A, including:
? Lion Petroleum Corp - Blocks 1 and 2B (2011)
? Vanoil Energy Ltd. - Blocks 3A & 3B (2011)
About Simba Energy Inc.
Simba Energy is a Vancouver, B.C. based oil and gas exploration company
focusing on underexplored overlooked basins in its pursuit of
hydrocarbon opportunities in Africa (currently Liberia, Mali, Guinea,
Ghana and Kenya). These regions have shown increased promise for the
development of new hydrocarbon deposits. The Company′s senior management
team aims to leverage its 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 it operates.
ON BEHALF OF THE BOARD
'Robert Dinning?, President & CEO
We seek safe harbour.
Simba Energy Inc.,
Mark Sommer, 604-641-4450
855-777-4622
info@simbaenergy.ca
www.simbaenergy.ca
