Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Simba Enegy Farms-Out 66% Of Kenyan Asset

Paul Vonk, VP Capital Market of Simba Energy (CVE:SMB), tells Proactiveinvestors that a deal has been agreed to farm-out 66% of its Kenyan oil project. The deal to retain 34% of the project in Kenya, Paul says, the money going to Simba, carried, equals the SMB market cap.

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