Overview

Simba Energy Inc. (TSXV:SMB) (Frankfurt:GDA), is an oil and gas exploration company based in Vancouver, Canada. The Company is the first junior resource company to pursue onshore oil and gas opportunities in the West African region since the 1970's. Simba's main project is a 90%-owned hydrocarbon property in the Robert-Bassa Basin of Liberia. An oil seep survey was undertaken on the project in January 2010. In December 2010, the Company applied for a Production Sharing Agreement (PSA) on a property in Mali's Taoudeni Basin.

Chief Properties

Roberts-Bassa Basin, Liberia

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Simba's main project, the Robert-Bassa Sedimentary Basin, consists of a 1,366 km2 area on a Hydrocarbon Reconnaissance Licence, situated in the Roberts-Bassa Basin of Liberia. The coastal strip of land the project encompasses the entire onshore extent of the Roberts-Bassa Basin. It is next to offshore permits held by companies such as Chevron and Africa Petroleum. The Basin itself is connected laterally and down-dip with the West African-Atlantic continental margin.

Before Simba's current program, exploration on the site had not taken place since 1980 by Katana Resources. Due to civil unrest in the area, Katana was forced to abandon the extensive oil seeps that had been discovered at the site. However, in January 2010, the Company undertook an extensive oil seep survey in both the “Marshall City area” and “airport area” of the property. Multiple oil seeps were found in 9 different localities. Simba considers the area to be one continuous oil seep, and believes that the present hydrocarbons denote light sweet crude. The Company wishes to undertake a seismic survey program, and is applying for a Production Sharing Contract towards that end.

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Liberia onshore oil seep

Management

Robert Dinning - President, CEO & Director
Robert Dinning is a Chartered Accountant who has operated his own consulting business for the past 30 years and he brings effective management and administrative experience to Simba Energy. His proven record of success in the financial community includes being a Director and/or Officer of several public companies, including Industrial Mineral Inc., ATAC Resources Ltd., Rockhaven Resources Ltd., Apolo Gold & Energy and Sonora Gold & Silver Ltd. ,Chairman of Paramount Gold and Silver.

Jim Dick, P. Eng,  Director
Jim is currently President, J.W Dick and Associates Ltd. Jim was the consulting geologist for Katana Resources when they were exploring in Liberia in the early 1980's. Jim has extensive international oil and gas development experience. He was formerly Manager, Geology, Mercantile International Petroleum Inc. President Quad Energy Development Corporation.

Charles de Chezelles - Director
Charles de Chezelles is a highly experienced financial industry expert. Past positions include: General Manager, Banco Real SA, London; Executive Director, Credit Suisse-First Boston (CSFB), London; Director, First Boston Europe, London; Vice President, The First Boston Corporation, New York; Corporate Account Executive, Smith Barney, New York; Investment Analyst, Stralem & Company, New York. He is currently Managing Director of Omega Trust Company Limited (London); Mr de Chezelles sits on the Board of several financial companies and Trusts.

John King Burns - Chairman & Director
Mr Burns is a former Managing Director and Global Head of Structured Derivative Finance for Barclays Metals Group, Barclays Bank PLC, London.

Mr. Burns is an experienced international executive in the global resource sector and is currently a director of Hunter Energy LLC, in Centennial Colorado, a director of NuCoal Energy Corp in Saskatoon, Saskatchewan, Senior Project Advisor to Potomac Asset Management Co, in Frederick Maryland, and a director of NovaDx Ventures Corp, a publicly-traded investment firm that provides capital investment, investment banking, financial and business advisory services to early-stage natural resource exploration companies.

Karim Akrawi - Director
Dr. Akrawi, who holds a PhD degree in Geo-Statistics and Exploration from London-UK and a BSc degree in Petroleum Geology from Baghdad-Iraq, is currently the managing director of Geodynamics. He has conducted Passive Seismic surveys in Africa including Mali, Cameroon, Nigeria and Sudan. Dr. Akrawi has presented and published several related Passive Seismic IPDS application papers and reports and his work has contributed to the development of the Passive Seismic IPDS technology being used today. He was Senior Reservoir Geologist with Abu Dhabi Company (ADCO) for Onshore Oil Operations from 1980 to 2008 which is currently producing 1.8 million barrels of oil per day. Dr. Akrawi has been involved in most of the exploration areas, discoveries and developed fields in UAE and other parts of the Gulf exploration area.

Keith Margetson, CA, Chief Financial Officer
Mr. Margetson qualified as a chartered accountant in 1975 and has operated his own accounting firm since 1992. He has 15 years experience with public companies, both as an auditor and in providing other professional services.

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