Jan 18th 2013 - Edison Investment Research today published a report on Simba Energy entitled "Extending Its Range". In summary, the report says:
With so much interest in onshore Kenya, it is worth taking a look at Simba Energy. Activities in its Kenyan Block 2A are progressing, with the passive seismic capture now complete. In parallel, the company has opened its data room and engaged Ernst & Young in the farm-out process in July. However, Kenya is not Simba’s only asset; it has recently picked up three blocks in Chad that look promising in our view. We do not expect the addition of these blocks to be the last – Simba is still hungry to extend its range, but currently has limited cash.
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