Simba Energy Provides Corporate Update

Simba Energy Provides Corporate Update: Application Announcement

Vancouver, British Columbia. Simba Energy Inc. (TSX.V: SMB), the oil and gas exploration company focused on the West African countries of Liberia, Mali and Ghana, announces the following update on its activities:

Simba Energy is pleased to announce that the National Oil Company of Liberia (NOCAL) has issued its formal acknowledgment confirming receipt of the Company’s Application to convert its current Hydrocarbon Reconnaissance License NR-001 into a Production Sharing Agreement (PSA).

Robert Dinning, Chief Executive Officer of Simba, said, “We are pleased to reach this important milestone with the submission of our detailed Production Sharing Agreement application to the National Oil Company of Liberia (NOCAL) to convert our Hydrocarbon Reconnaissance Permit, into a Production Sharing Agreement.”

Mr. Dinning added, “We view recent interest in the area directly offshore in Liberia by Chevron, one of the world’s leading oil companies, as being very positive both for the Company and for oil and gas prospects in Liberia generally. The increased activity offshore in Liberia with Chevron acquiring three large blocks has increased the exploration activity dramatically in the area with five offshore wells planned by mid year in 2011.”

ON BEHALF OF THE BOARD “Robert Dinning”, President & CEO

For further information contact Simba Energy Inc., Robert Dinning, Chief Executive Officer at 604 641 4450, rdinning@simbaenergy.ca or:

Conduit PR (London)

Jonathan Charles +44 (0)20 7429 6611

jonathan@conduitpr.com +44 (0)7791 892509

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here