DIe Rakete ist vorprogrammiert !

Robert Dinning (CEO der Simba Energy Inc.) war mehr als 30 Jahre als Direktor und Vorstand bei Minen- und Explorationsgesellschaften tätig. Derzeit Direktor und leitender Angestellter von zwei erfolgreichen Gold-Explorationsunternehmen in Nordamerika, beide haben ein signifikantes Vorkommen und beide sind kapitalkräftig. Davon abgesehen habe alle anderen Direktoren ähnlich umfangreiche Erfahrungen bei Minen- sowie Öl- und Gas-Explorationsunternehmen.

Jim Dick (technischer Direktor), bringt eine 35-jährige Erfahrung ein. Diese sammelte er zum einen in großen Erdölfirmen wie Esso/Exxon und zum anderen bei kleineren Explorationsgesellschaften. Er war dabei sowohl auf der technischen Seite als auch im Management tätig. Jim hat umfangreiche Erfahrungen von der Nordsee bis Peru und Kasachstan sowie in Afrika gesammelt und war Mitglied des ursprünglichen geologischen Teams, welches in 1979 in Liberia mit der Ölsuche begonnen hat.

John King Burns ist ein hochqualifizierter Bankfachmann mit internationaler Erfahrung, der sowohl im Minen- als auch im Energiesektor auf ein großes Hintergrundwissen zurückgreifen kann. In der Vergangenheit war er sowohl geschäftsführender Direktor und "Global Head of Structured Derivate Finance" der Barclays Metals Group, Barclays Bank PLC. Er war Vorstandsmitglied von mehreren sehr großen Rohstofffirmen wie Northern Orion, die von Yamana Gold übernommen wurden. Derzeit ist er Direktor der Jinshan Gold Company. Hierbei handelt es sich um eine große Goldminengesellschaft, deren größter Aktionär die chinesische Regierung ist.

Charles de Chezelles war ebenfalls Mitglied des Gremiums mehrerer Minen- sowie Öl- und Gasgesellschaften. Zudem war er Vorstand der Cambrian Mining PLC. Er ist auch Direktor einer privaten Öl- und Gasgesellschaft, die Projekte in Kirgisien unterhält. Aus seiner Zeit im Investmentbanking hat er umfangreiche Erfahrungen mit Geschäften mit Rohstofffirmen in Afrika.

Bei diesem Management ist historisch gesehen Erfolg vorprogrammiert ! Imao

Simba Energy Announces Increase in Private Placement

May 17, 2010, Vancouver, B.C., Canada – Simba Energy Inc. (the “Company”) is pleased to announce an increase of its non-brokered private placement. 

Pursuant to a news release dated April 14, 2010 the Company announced, subject to the approval of the TSX Venture Exchange, a private placement of up to 14,285,715 units at $0.07 per unit (“Units”) for total gross proceeds of up to $1,000,000.  Each Unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into an additional common share for a period of two years at a price of $0.15 per share. The private placement has been increased up to 28 million Units for gross proceeds of $1,960,000. The Company has received all subscriptions and intends to file and seek approval from the TSX Venture Exchange immediately.

The proceeds of the placement will be used for general working capital.

Finder’s fees may be payable in whole or part on the private placement in accordance with the policies of the TSX Venture Exchange.
Simba Energy President and CEO Robert Dinning commented, “The Company is pleased to see the level of market enthusiasm in being a part of this private placement.  With our refocused and aggressive targeted strategy being received so positively by the market, the new management team at Simba Energy is looking forward to utilizing our treasury in order to build maximum shareholder value.”
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements, including the amount of the offering and its completion, are subject to risks and uncertainties, including those specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement except in compliance with applicable securities laws.

About Simba Energy Inc.
Simba Energy, Inc. (TSXV: SMB) (Frankfurt: GDA) is an oil and gas exploration company focused on hydrocarbon opportunities in Africa.  Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia which extends over an area of 1,366 sq. kms and covers the entire onshore extent of the Robert-Bassa Basin.
The Company’s shares are listed on the TSX Venture Exchange under the symbol SMB as well as the Frankfurt Stock Exchange under the symbol GDA.

On Behalf of the Board,
“Robert Dinning”
President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@simbaenergy.ca    Telephone: (604) 641-4450   Facsimile: (604) 669-9335

News from globeandmail.com

THE NEW CRUDE FRONTIER

Monday, May 10, 2010

As energy sources decline elsewhere, oil firms are turning to the vast potential of Africa. 

SHAWN McCARTHY

OTTAWA -- GLOBAL ENERGY REPORTER

As energy sources decline elsewhere, oil firms are turning to the vast potential of Africa. 

Canadian Natural Resources is spending $260-million to develop its stake in West Africa's growing offshore oil production. And the Calgary company has property off South Africa where it intends to conduct what it calls a high-risk but potentially high-reward exploration.

Known more for its oil sands focus, CNRL has steadily ramped up production in West Africa as part of its strategy to leverage expertise gained in the North Sea, and to replace declining production in that aging field.

The Canadian company began pumping oil last year from its Olowi field, 20 kilometres off Gabon's coast, and is adding additional production platforms this year. It will also do some drilling to replace expected declines on two fields, Baobab and Espoir, off Ivory Coast.

The African projects are among the company's most profitable. Last year, CNRL boosted its West African crude output by 23 per cent to more than 32,000 barrels per day, though it expects production growth to flatten out in the coming years.

"Every company I know of is active in West Africa," said Fadel Gheit, New York-based analyst with Oppenheimer & Co.

And the West African offshore will attract even more attention - and exploration dollars - if the U.S. drives up the cost of drilling in the prolific Gulf of Mexico by imposing new regulations in response to the devastating April 20 blowout of BP PLC's Deepwater Horizon well.

"With more stringent environmental rules [expected] in the U.S. after this Gulf of Mexico disaster, that will help West Africa," Mr. Gheit said.

Houston-based Anadarko Petroleum Corp. and the U.K.'s Tullow Oil PLC reported significant finds in Uganda, and off the coasts of Ghana, Ivory Coast, Liberia and Sierra Leone, where companies hope that offshore developments could rival some existing fields further south.

Anadarko has also struck natural gas off Mozambique, in East Africa, while exploration companies are touting Kenya and even Somalia as prospective oil and gas producers.

Off the coast of Ghana, Anadarko has made two discoveries - Jubilee and Tweneboa - that have led the industry to conclude the deep water north of the Gulf of Guinea holds major crude oil fields. Some geologists believe West Africa was once part of the same geological formation that includes the oil-rich Gulf of Mexico and offshore Brazil, and that there may be vast deposits in the ultra-deep offshore.

While there have been many promising discoveries, Africa remains a relatively modest player in terms of actual energy reserves, accounting for less than 10 per cent of the global total. In the sub-Saharan region, only Nigeria and Angola have world-class reserves.

Super-major Exxon Mobil Corp. spent a quarter of its capital and exploration budget in Africa last year, or $6.2-billion (U.S.), just slightly behind spending in Asia and the Middle East. The lion's share of Exxon's efforts is going to Angola and Nigeria. The two OPEC members each produce about 2 million barrels per day and represent major sources of imported oil to the U.S. and China. Exxon expects to add 127,000 barrels per day in production in Angola over the next three years, and 82,000 barrels in Nigeria. After 2012, it is planning four more projects for a net addition of 117,000 barrels per day in Angola, and 328,000 in Nigeria. However, Nigeria has seen its production fall by 16 per cent - or more than 400,000 barrels per day - since 2005 as violence and civil conflict in the Niger Delta has impaired operations. Angola, over that same time span, boosted output by more than 600,000 barrels a day, and has become the second-largest source of imported oil to China and a significant source for the U.S.

you can imagine - even more to come

http://www.smartstox.com/interviews/smb

Vancouver, B.C., Canada – June 3, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce that further to its news releases of April 14 and May 17, 2010, it has now closed its private placement.  The Company issued a total of 31,222,357 units at $0.07 per unit for total gross proceeds of $2,185,565.  Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until May 31, 2012, a price of $0.15 per share. 

The Company paid/issued the following in finder’s fees in respect of the placement:

(a) Cash payments totaling $19,619;

(b) 280,280 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.15 per share until May 31, 2012;

(c) 1,240,000 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.10 per share until May 31, 2012.

All securities issued under the placement are subject to hold periods expiring on October 1, 2010.

Proceeds of the placement will be used for general working capital.
“The completion of this private placement is a significant move forward.” said Simba CEO and President Robert Dinning.  “The Company once again is showing the market that with our name change and the refocus that has come with our new management team in place, Simba Energy is pursuing an aggressive path to building shareholder value through the execution of our African targeted strategic focus.”