Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX:
SMBZF) is pleased to report it has been notified by GeoDynamics Research
S.R.L. (Italy) that on site reconnaissance of its 100% interest in Block
2A - Kenya is to commence in April. Crew and equipment is scheduled to
arrive early May 2012 and we will begin an extensive program acquiring
passive seismic survey data.
The scope of this survey covers 750 square kilometers with 250 MPS
(measuring points) on 2 km spacing to identify, and evaluate areas
with hydrocarbon potential on Simba’s Block 2A.
James W. Dick, P Geol., P. Eng., (APEGGA), and Qualified Person in
accordance with NI 51-101, and a Director of the Company remarks “The
planned survey covers a portion of both basins within Block 2A where the
Company has already identified 2 exploration leads by re-working
existing 2D seismic data. These existing exploration leads will receive
the immediate focus along with any additional leads identified from
ongoing 2D re-interpretation. The potential areas identified will be
further evaluated by conventional seismic most likely 3D or 2D and/or
gravity gradiometer prior to selecting a drill site.”
The acquisition work in the field is expected to take 30 days with a
report due within 30 days upon completion of field work.
About Passive Seismic Spectroscopy (IPDS®)
Infrasonic Passive Differential Spectroscopy (IPDS) is a direct
hydrocarbon indictor process which utilizes high sensitivity
seismometers. The seismometers presently used are even more sensitive
and are used in an extensive worldwide grid monitoring the earth’s
subsurface seismic activity. This grid identifies the background noise
as a frequency spectrum.
IPDS detects low frequency in the 1-8 Hz range as spectral signatures
over hydrocarbon reservoirs. A hydrocarbon reservoir is a frequency
converter and deforms the frequency of the natural earth noise. These
deformed signals on spectroscopic analysis produce unique spectral
signatures which are used as Direct Hydrocarbon Indication. IPDS
technology has been tested in numerous basins and reservoirs all around
the world in areas including currently producing, depleted, abandoned
fields and virgin reservoirs. In over 120 surveys it has proven to be
correct 80% of the time which is a marked improvement in the current
wildcat success ratio. Its use on Simba’s Block 2A to evaluate known
structures should move the Exploration program ahead by at least one or
two years while reducing risk.
For more information on this technology and GeoDynamics visit www.geodynamics.it.
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 Kenya, Liberia, Guinea,
Mali and Ghana). 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
For further information contact Simba Energy Inc., at 604-641-4450, or
or email@example.com, or Mark
Sommer, Toll Free: 1-855-777-4622.
We seek safe harbour.