Corporate Presentation 2016
Forward Looking Statement & Disclaimer 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. 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. 2
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: Block 2A, onshore Kenya: T Area size: 7,802 kms² otal area size: 12,000 kms² Excellent exploration potential Hydrocarbon prospects identified from the Full (surface Oil seeps contain mature oil) Tensor Gravity Gradiometry or FTG Survey 2014 FTG planned upon finalizing 100% Planned 2D seismic survey prior to drilling currently (anticipated by Q-4, 2016) underway (June, 2016) 3
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. • 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 Highly prospective Onshore interest across the entire portfolio of all current assets assets hosting excellent potential for exploration & • A diversified Onshore O&G portfolio comprising high impact, production development 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 Managed to secure full continued activity and growth carry and funding of all assets through Farm-in • 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 Excellent relations with hydrocarbon basins with proven working petroleum systems host governments 4
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) 5
Kenya: Regional Activity & Highlights Recent Discoveries & Developments: In 2012, an estimated 1+ Billion barrels of • oil 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 6
Kenya Drilling and Exploration Activity Kenyan hydrocarbon exploration map showing total number of exploration wells drilled in various basins and exploration blocks to date Simba Energy’s Block 2A 7
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. 8
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 9
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 . 10
Block 2A: Mandera Basin FTG Results 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 km 2 (M1) & 102 km² (M3) • Depth: 1500 m (M1) & 1750 m (M3) • 1+ Billion barrel potential for M3 and • Passive 660 MMboe M1 Seismic Active 500+ kms 2-D seismic to Anomalies • delineate prospects, test trend & finalize drill locations, completion & interpretation by Q-3, 2016, full scale drill program planned for Q-4, 2016 11
Block 2A: Anza Basin – FTG Results A4 / A5 Terrain Corrected Residual ► Closure by FTG Gravity Signature ► 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 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 A2 / A3 ► Passive Anomaly ► Areal extent: 53 km2 ► Depth: Pending 2D seismic results 12
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 of 2-D seismic to finalize drill targets. Planning to complete & interpret seismic within Q3 2016. Drilling M1 or M3 late Q3 early Q4, 2016 13
Kenya Block 2A: Exploration Plans & Activity Currently acquiring 500+ line km 2-D seismic over block 2A focusing primarily on 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 4 th Quarter, 2016 14
Guinea: Blocks 1 & 2 - Highlights First mover advantage in an underexplored high impact onshore basin targeting shallow Hydrocarbon reservoirs Onshore blocks 1 & 2 totaling 12,000 km 2 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 Blocks 1 & 2 Guinea exhibit excellent exploration potential ! 15
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