Simba Energy Provides Corporate Update

Simba Energy Inc. (TSXV:SMB,FWB:GDA,OTCBB:SMBZF) announced its corporate update on its current activities.

As quoted in the press release:

…..the following corporate update on its current activities as well as the status on a number of applications for Production Sharing Contracts (PSCs) currently in the final stages of their review and negotiation process.

Simba Energy President and CEO, Robert Dinning said:

“In spite of very difficult market conditions the Company has been able to remain focused on the task of pursuing and securing the assets we have targeted. As a result, management anticipates finalizing a number of strategic PSC applications in the near future. By this time, the Company expects to be holding 100% interests in a number of Production Sharing Contracts in some very strategic and prospective blocks in Africa for its technical team to advance through the early exploration and development stages of work.”

Click here to read the Simba Energy (TSXV:SMB,FWB:GDA,OTCBB:SMBZF) press release.