tullii's  Instablog

Simba Energy is an Oil Exploration Play in Africa.

SMB is the TMX symbol.

Simba was created after a geologist exploring for diamonds in Africa was in a region of Kenya on land in close proximity to an oil exploration well for Africa oil. The discovery well Ngamia-1 turned out to be a company maker for Africa Oil.

Simba Energy had not been created at that point, but the geologist witnessed the discovery well activity and quickly drove to the city to file or add mineral rights for Oil on his diamond exploration land or so the story goes.

since that time Simba has done seismic and identified targets which it intends to obtain drilling permits and drill its own we'll into similar reservoir to its neighbor who found oil.

Simba Energy has exploration blocks in Kenya, Liberia, Guinea, Ghana, Mali. The block 2A in Kenya is a 100% interest for Simba.Plans are for this block 2a to spud a well in 2013. It is trading at $0.08 in march 2013. This is a pure exploration play, with no production, only potential for discovery, if any oil is found They will have to build pipelines or get its product to market, for these reasons it's a trading idea, yet it has some highly prospective block of land already, which if productive could be fabulous for early investors.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.