Simba Energy - Kenya focus intensifies
Jul 03rd 2012 - Edison Investment Research today published a report on Simba Energy entitled "Kenya Focus Intensifies". In summary, the report says:
Simba’s investor focus is likely to centre firmly on Kenya for the foreseeable future. The recent Block 2A CPR has booked the company’s first prospective resources while corporate deal flow in the region and most significantly the eagerly anticipated drill results from the Tullow operated Ngamia-1 well could make Kenya the next hot address in Africa. Valuations remain highly speculative, but 60c a share could be realistic in the event that prospectivity in the Mandera-Lugh basin is proven and Simba can move its Kenya assets through to being drill ready.
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