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.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »