Corporate Presentation 2016 Forward Looking Statement & - - PowerPoint PPT Presentation

Corporate Presentation 2016

This Presentation may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of market or exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this disclosure. NOTE: All technical disclosure within this presentation has been reviewed and accepted by James Dick ,P. Geol., P. Eng., CTO and Qualified Person in accordance with NI 51-101. THI HIS PRESENTATION IS BEING SUPP PPLIED TO YOU SOLE LELY FOR YOUR INFORMATION AND MAY Y NOT BE REPRODUCED, FURTHER DISTRI RIBUTE TED TO ANY OTHER PERSON OR PUBLISHED IN WH WHOL OLE OR IN IN PART, FOR ANY PURPOSE.

Forward Looking Statement & Disclaimer

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Pan-African Portfolio of Hydrocarbon assets

June 2015: Executed an Agreement with Essel Group Middle East to Farm-in to Simba Energy’s portfolio of assets for a 60% interest for an investment of up to $250 Million (USD) Essel Group ME will earn a 60% participating interest in Simba Energy portfolio of assets and in exchange for a full carry of exploration work including drilling, Simba Energy retains 40% interest

Block 1&2, onshore Guinea:

• T
• tal area size: 12,000 kms²
• Excellent exploration potential

(surface Oil seeps contain mature oil)

• FTG planned upon finalizing 100%

(anticipated by Q-4, 2016)

Block 2A, onshore Kenya:

• Area size: 7,802 kms²
• Hydrocarbon prospects identified from the Full

Tensor Gravity Gradiometry or FTG Survey 2014

• Planned 2D seismic survey prior to drilling currently

underway (June, 2016)

• One of the industries best Farm-in / Joint-Venture

agreements with Essel Group Middle East (EGME) which retains 60% while Simba Energy holds a 40% carried interest across the entire portfolio of all current assets

• A diversified Onshore O&G portfolio comprising high impact,

highly prospective hydrocarbon assets across Africa

• First mover advantage with enviable African O&G assets

all with excellent exploration potential

• Supported by experienced technical and operational team for

continued activity and growth

• Simba Energy maintains strong, local community relations

employing local workers in all countries of operation

• 500+ line kms of 2-D seismic is underway in Kenya to

finalize and locate drilling targets and prospects within local hydrocarbon basins with proven working petroleum systems

Highly prospective Onshore assets hosting excellent potential for exploration & production development Excellent relations with host governments Managed to secure full carry and funding of all assets through Farm-in

Highlights & Key First Mover Strengths

The best positioned African Oil & Gas explorers with $100 Million in funding secured, including all exploration activities, all necessary seismic data acquisition and drilling several exploration wells in in Kenya, Guinea & Chad.

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Essel Group Middle East (EGME)

• Essel Group Middle East (EGME) is the wholly owned extension of the Essel

Group (Mubai, India) into new territory of investment.

• A multi-national business headquartered in Dubai, Essel Group ME oversees

the business interests of the Essel Group in the Middle East and Africa.

• The primary focus of the group is the mining of minerals, exploration of Oil and

Gas (hydrocarbons) and the acquisition of natural resource assets.

• Parent company Essel Group has grown from a commodity trading and export

firm to one of the largest business conglomerates from India. Spanning a whole spectrum of industries such as media, infrastructure, packaging, technology, precious metals and so on, the Essel Group is guided by one unifying principle – Faith in innovative and organized growth.

• Current market capitalization of Essel Group India is $12+ Billion (USD)

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Kenya: Regional Activity & Highlights

Recent Discoveries & Developments:

• In 2012, an estimated 1+ Billion barrels of
• il was discovered in North West Kenya

(Lokichar, Turkana area)

• Twiga South, Lokichar basin, flow tested at

+2,800 BOPD

• Sala-1, Anza basin, 2014 discovered

commercial gas & oil shows 30kms NW of Block 2A

• Kenyan pipeline plan in place to

commercialize country’s production

Block 2A (7,801 kms²)

• 500 kms 2D seismic being acquired
• 445.3 MMboe (mean) prospective

resources estimated (Sproule, May 2012)

• 2014 FTG Survey identified 5 high ranking

structures, upon completion of 2D seismic, drilling program expected in Q-4, 2016

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Kenya Drilling and Exploration Activity

Kenyan hydrocarbon exploration map showing total number

• f exploration wells

drilled in various basins and exploration blocks to date Simba Energy’s Block 2A

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Block 2A, Kenya: Regional Basins

Simba Energy’s Block 2A is comprised of two highly prospective hydrocarbon basins; the Mandera and the Anza, each containing working petroleum systems

• The Mandera basin:

The Tarbaj Oil seep (just north of Block 2A’s northern boundary) confirms the presence of hydrocarbons which suggests the potential for source rocks and reservoirs

• The Anza basin margins:

The proven “String of Pearls” of discoveries that trends from Africa Oil’s recent Sala-1 discovery 50kms NW, SE through concession’s south-western boundary.

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Block 2A: IPDS Passive Seismic Survey (2012)

Simba Energy was first to use IPDS passive seismic technology in Kenya. Five high ranking target areas identified with IPDS and later confirmed with 2014 FTG survey

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Airborne Gravity (FTG) Survey (2014)

High resolution airborne Full Tensor Gravity Gradiometry (FTG) carried out by Bell Geospace. Bell’s FTG coverage resulted in more than 7,000 line kms flown over both target areas in the Mandera and Anza basins. Very positive results confirmed two prospects in Mandera (M1 & M2) while also identifying a A1 as a primary target in the Anza basin.

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Block 2A: Mandera Basin FTG Results

Passive Seismic Anomalies

M1 & M3 Prospects

• 4 way closure clearly correlated by

earlier 2D seismic, passive seismic and recent FTG

• Tilted fault block, up to the north
• 85 km2 (M1) & 102 km² (M3)
• Depth: 1500 m (M1) & 1750 m (M3)
• 1+ Billion barrel potential for M3 and

660 MMboe M1

• Active 500+ kms 2-D seismic to

delineate prospects, test trend & finalize drill locations, completion & interpretation by Q-3, 2016, full scale drill program planned for Q-4, 2016

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Block 2A: Anza Basin – FTG Results

A1 (primary)

►Closure by FTG ►Fault zone series of down to

basin blocks.(Ngamia type)

►Areal extent: 44 km2 ►Depth: FTG indicates shallow ►Reworked available 2D seismic ►New 2D seismic survey currently

underway A4 / A5

►Closure by FTG ►Fault zone series of down to basin

blocks (Ngamia Type)

►Areal extent: 55 km2 ►Depth: Pending seismic ►Planned & funded acquisition of 2D

seismic in conjunction with A1

A2 / A3

►Passive Anomaly ►Areal extent: 53 km2 ►Depth: Pending 2D seismic results

Terrain Corrected Residual Gravity Signature

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Block 2A – Proposed 2-D Seismic

M1 & M3 are confirmed prospects with Billion barrel potential. A1 has excellent prospectivity. 2014 airborne FTG survey has refined design

• f 2-D seismic to finalize drill targets. Planning to complete & interpret

seismic within Q3 2016. Drilling M1 or M3 late Q3 early Q4, 2016

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Kenya Block 2A: Exploration Plans & Activity

Currently acquiring 500+ line km 2-D seismic over block 2A focusing primarily

• n the Mandera basin and portion of the Anza basin in order to:
• Determine the first two drilling locations at M1, M3, and possibly secondary

targets M2 and A1

• Confirm prospect status at M1 & M3 with potential drilling locations at M2,

A1 and if warranted, A4, A5

• Evaluate “String of Pearl” Trends for both basins as identified by (FTG) or

Full Tensor Gravity Gradiometry Seismic and (IPDS) or Passive Seismic

• Confirm depths and volume estimates for above and other secondary

drilling targets to revise Block 2-A’s resource estimate

• Drill first exploration well 4th Quarter, 2016

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Guinea: Blocks 1 & 2 - Highlights

First mover advantage in an underexplored high impact onshore basin targeting shallow Hydrocarbon reservoirs Blocks 1 & 2 Guinea exhibit excellent exploration potential !

• Onshore blocks 1 & 2 totaling

12,000 km2 within the Bove Basin

• Surface oil seeps clearly identified
• Successful geochemical survey

completed in 2013 consisted of 1,550 Oil-seep samples on 500 meter spacing over 29 traverses that covered an extensive portion of the concession.

• Geochemical results were very

positive identifying six separate & sizeable prospective target areas

• Extensive FTG survey planned to

commence in Q-4, 2016

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Guinea Blocks 1 & 2 - Geochemical Survey

In 2013, Actlabs (Ancaster, Ontario) carried out sample testing and mapping of these results using their Soil Gas Hydrocarbon (SGH) analyses. Test results from Actlabs SGH were very positive and identified six separate & sizeable prospective target

• areas. (shown in yellow circles on

adjacent map) T1 (700+ kms²): Actlabs’ SGH rates T1 at 5.5 out of a possible 6.0 in predicting the target is related to an oil play. T2 (+/- 200kms²): With fewer data points than T1, Actlabs’ SGH rates T2 at 4.0 out of a possible 6.0 in predicting T2 is related to an oil play.

T1 T2

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Guinea Blocks 1 & 2, SGH results by Actlabs

Target 2 has excellent contrast amongst all the observable spatial dispersion for good light oil potential.

SGH ‘Light Petroleum’ Pathfinder Class Map SGH ‘Medium Petroleum’ Pathfinder Class Map

Target 1’s largest dispersion halo for both light & medium class indicative of a deeper target rather than a shallow target over this same area.

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Guinea Blocks 1 & 2 - Geochem Plotted in 3D

SGH “Light Petroleum” Pathfinder Class Map in 3D

Differential in response level more clearly shown in 3D, which supports the decision to concentrate

• n anomalies 1 & 2.

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Guinea Blocks 1 & 2 – Seep Explosion

Guessore – District De Souka (10.983474N – 13.916766W) This is the location of an explosive blow out and fire several years ago. The force was strong enough to actually create the crevice shown in above photo. The resulting fire was very difficult to put out because hydrocarbons settled into the surrounding sand and kept re-igniting. The heat of the fire altered the outcrop turning it red. There has been no activity since.

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Guinea: Next Steps

• Finalize outstanding interest in Production Sharing Contract (PSC)

for Blocks 1 & 2 and convert ownership of PSC from 60% to 100% (completion expected by Q3-Q4, 2016)

• Commence pervasive Full Tensor Gravity Gradiometry (FTG) survey

designed to provide extensive coverage throughout Blocks 1 & 2 target areas

• Positive FTG results will strongly support an immediate 2-D seismic

survey which upon completion will be followed by drilling the first exploration well onshore Guinea in early 2017

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Liberia - Exploration License NR-001

• 2009: Granted 1st onshore license to

be issued by Liberian Government

• Area size of 1,366 kms²
• Comprises entire portion of onshore

Robert Bassa sedimentary basin, +/- 400 kms²

• Confirmed presence of significant

seeps covering an area of 125 kms²

• Residual hydrocarbons analysis

confirms mature source

Prompted by the Jubilee field discovery offshore Ghana (2007), in 2009 Anadarko begins to discover significant pay zones within Upper Cretaceous on multiple wells

• ffshore Sierra Leone

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Liberia – Roberts Bassa Basin Onshore Boundary

Section A’ – ‘B derrived from AAPG Annual Meeting - REPSOL , Denver, June 7-10, 2009

Roberts-Bassa basin comes onshore in area indicated by orange,

• approx. 400 kms².

(See also Section Schematic on next slide)

Region of Seep Survey area indicated in (yellow). Whole area declared one large Oil seep at 125 kms².

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Liberia – Section A - B Seismic Schematic

AAPG Annual Meeting - REPSOL , Denver, June 7-10, 2009

The Roberts-Bassa basin formed as a failed rift and has onshore and coastal seeps confirmed from mature Oil source. These characteristics in a near shore depositional environment rank as having excellent potential for hydrocarbon- bearing traps. Simba is targeting Upper Cretaceous as potentially feeding seeps or potential for migration from a mature Oil source. 10 kms

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Liberia - Seep Survey, 2010

Left: Typical seep, onshore Above: Tour to visit mangrove seeps Below: Mangrove seeps / slicks (sunset) Significant seeps observed within coastal mangrove areas of concession.

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Chad: Attractive Acreage in Central Rift System

Basins and West African Shear Zone (WASZ) passes through Simba’s blocks, testing both flanks of the rift

Outline of West Central African Rift System’s (WCARS) Doba and Doseo basins over Simba’s southern Chad licences (blue shading)

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Chad: Offsetting Blocks Supporting Potential

Key features indicate additional exploration is expected to be positive

A B C

Top section of Block I north of the WASZ Fault in same basin and ~25km south of Caracal’s Badila field. Badila-2 well intersected 195m of net oil pay1 Juxtaposition of shales and sandstones coupled with

• ngoing structural

deformation of the basin creates a basin with numerous potential hydrocarbon traps Multiple prospects south of WASZ Fault indicative

• f

potential of Chari Sud Blocks with continuous morphology NOTE 1: Caracal Energy was formerly Griffiths Energy International Inc.

Existing gravity analysis over Doba/Doseo basins

A B C

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Investment Highlights

New partner, Essel Group Middle East to earn a 60% interest in Simba Energy’s assets by funding exploration in Kenya, Guinea & Chad for a minimum investment of $100 million USD!

• With a retained 40% interest, Simba provides shareholders excellent

exposure to a very cost effective and high value exploration portfolio

• A large acreage asset base comprising numerous leads and prospects

that are in close proximity to active drilling exploration

• Prospects in Kenya Block 2A with active 2-D seismic program leading

to drilling within next 6 months

• Block 2A Kenya, contains two basins in Kenya’s prolific rift valley geology

with several leads and two confirmed prospects with Billion+ Barrel Hydrocarbon Potential!

• Guinea Blocks 1 & 2 represent very strong exploration upside with a

planned next exploration phase comprising of extensive FTG survey ahead of future drill program

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Management Team and Board of Directors

Executive T eam and Senior Management Board John King Burns – Director

Barclays Metals Group, Potomac Asset Management Co. Director at China Gold International Resources Ltd, NuCoal Energy Corp

Punkaj Gupta – Chief Executive Officer (CEO) & Director

CEO, Essel Group Middle East DMCC

Gagan Goel – Chairman of the Board, Director

Managing Director, Essel Group, Founder, Essel Group Middle East DMCC

Robert Dinning – President, Director

Chairman of Meadow Bay Gold Corp., director of Sonora Gold & Silver Ltd., Former Chairman of Paramount Gold and Silver (TSX & AMEX listed)

Hassan Hassan – Managing Director Operations, Director

Extensive network & affiliations in industry and governments throughout Africa and the Middle East.

Keith Margetson – CFO

Member of British Columbia Chartered Accountants & Illinois CPA Society. Currently serves an officer of three other publicly traded companies on the TSX Venture Exchange.

Charles de Chezelles – Non-Executive Director

Credit Suisse-First Boston (CSFB), London; Banco Real SA, London; Smith Barney, New York Director at Sunkar Resources Plc. Grafton Resources Plc., Natasa Mining Plc.

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Corporate Profile

Capital Share Structure

Share price Shares in issue Market Cap Options Warrants Fully Diluted

Simba Energy Stock symbols:

SMB – TSX Venture SMBZF – OTCBB GDA - Frankfurt $0.10 381,989,000 $38m 15.9m 103.8m 501.7m

Institutional Holdings 25% 50%

Institutional Holdings 45% 29

Contact Information

www.simbaenergy .ca info@simbaenergy .ca

Corporate Office

Suite 210 - 905 West Pender St. Vancouver, BC V6C 1L6 Canada Main line #604-641-4450 T

• ll Free: #855-777-4622

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