Toronto, Ontario--(Newsfile Corp. - February 27, 2014) - "Africa Oil's upcoming well on the Sala prospect in Block 9 and Taipan's planned Pearl-1 well on the south border of Block 2A strongly suggest that a potential "String of Pearls" trend passes through the south western corner of our block, as both prospects are located at the basin edge where this type of play is found. The Anza basin's edge passes through the western part of Block 2A", said Simba Energy Inc. (TSXV: SMB) CTO & Director James Dick.
Kenya has seen the discovery of oil for the first time in East Africa as Africa Oil (TSXV: AOI), in a JV with Tullow Oil, continues its success with the oil discovery at its Kenyan block 10BB. Investors are looking for other plays that can emulate such success and Simba is clearly well positioned with a big land package and its geologically attractive positioning.
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Simba Energy Inc. (TSXV: SMB) (OTCQX: SMBZF) is an independent Canadian-based oil and gas exploration company with active onshore PSCs in Kenya, Guinea and Chad. Simba is exploring and developing onshore oil and gas prospects in under explored regions across Africa.
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Ubika is an investment research and capital market services firm based in Toronto and Vancouver with a proven track record of identifying and launching coverage of high potential small cap stocks at an early stage, thus offering timely market insights. Its specialty is small-cap companies with a market capitalization of >$1 billion.
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