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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Simba Enegy Farms-Out 66% Of Kenyan Asset 0 comments
    May 13, 2013 2:37 PM

    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.

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