StockGuru Shines its Spotlight on Simba Energy Inc. (TSX-V: SMB) (OTCBB: SMBZF) Upon Announcement of Finalization of Strategic PSC Applications — October 28, 2011

StockGuru Shines its Spotlight on Simba Energy Inc. (TSX-V: SMB) (OTCBB: SMBZF) Upon Announcement of Finalization of Strategic PSC Applications — October 28, 2011

(Dallas, TX. – October 28, 2011) StockGuru Shines its Spotlight on Simba Energy Inc. (TSX-V: SMB) (FRANKFURT: GDA) (OTCBB: SMBZF).  The Company announced yesterday an update on its current activities as well as the status on a number of applications for Production Sharing Contracts (PSCs) currently in the final stages of their review and negotiation process.   The Company closed at $0.0994, trading in a fifty-two week range of $0.229 – 0.0636.

Simba President & CEO Robert Dinning said, “In spite of very difficult market conditions the Company has been able to remain focused on the task of pursuing and securing the assets we have targeted. As a result, management anticipates finalizing a number of strategic PSC applications in the near future. By this time, the Company expects to be holding 100% interests in a number of Production Sharing Contracts in some very strategic and prospective blocks in Africa for its technical team to advance through the early exploration and development stages of work.

1. Republic of Mali – PSC for Block 3

The Company has received a formal notification that the Republic of Mali’s Council of Ministers has adopted a Decree granting Simba Energy a PSC for Block 3. This notification has been approved by the Republic of Mali’s Ministry of Mines, Energy, and Water with the support of the government agency AUREP (L’Autorité pour la Promotion de la Recherche Pétrolière au Mali or The Authority for the Promotion of Oil Research in Mali).

Management anticipates traveling to Bamako in the very near future for the formal signing ceremony and looks forward to providing further information about the block and its development plans in a more detailed news release..

2. Liberia – Application to convert Hydrocarbon Reconnaissance License NR-001 into PSC status

Efforts to finalize and close this negotiation have been delayed by the current national election in Liberia. A run-off election is scheduled for November 8th 2011. Officials at NOCAL (National Oil Company of Liberia) have informed that negotiations with the Company will re-commence immediately after the elections are over. Management believes that while negotiations have taken on a protracted nature, it is very close to a finalizing this agreement and anticipates a conclusion swiftly after this process resumes.

3. Republic of Kenya – Block 2A

The Company is now a holder of a 100% interest in the PSC for a very prospective oil block in northeastern Kenya. Since signing the PSC with the government of Kenya in August, the Company has established an office in Nairobi and commenced the process of procuring the project’s next phases of work, primarily, the reprocessing of existing historical seismic data and the acquisition of further seismic data in conjunction with initiating base line environmental studies. The tender and selection process to procure these services is expected to take six to eight weeks with work due to commence in the first quarter of 2012. The technical team continues to compile and review all currently available data.

4. Republic of Guinea – Blocks 1 & 2 (onshore)

The Company successfully acquired a 60% interest in a PSC for onshore Blocks 1 & 2 in the Republic of Guinea this past July. Earlier this month, in Vancouver, the Company hosted a delegation of officials from Guinea as part of their review and approval of the Company’s technical and financial capabilities. The Company is confident that it has met or exceeded all the requirements set forth and anticipates formal approval before the end of this year. At this point, the Company intends to begin an aggressive assessment of basin characteristics where during its due diligence site visit the technical team observed very similar seep characteristics with those encountered at the Company’s concession in Liberia. Hyperdynamics Corporation (Texas) is currently drilling its first of two exploration wells 100 to 200 kilometres offshore from Blocks 1&2.
In addition to the above, the Company’s management and technical staff remain active pursuing a number of other assets in the region. Finally, in these coming weeks, those already familiar with Simba Energy can expect to see a new look and branding for our company.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas Exploration Company focusing on underexplored, overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Ghana, Guinea, Kenya and others). This region has shown increased promise for development of new hydrocarbon deposits. The Company’s Senior Management Team aims to leverage their expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where we work.


Robert Dinning, President & CEO

We seek safe harbour.


To view this StockGuru Spotlight, please visit:

To get free alerts on this and other similar stocks, please register here:

What is the StockGuru Spotlight?

Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.

StockGuru looks for potential break-out candidates in The StockGuru Spotlight.  Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage.  There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below.   StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.

To feature a company in The StockGuru Spotlight please contact the Publisher at  If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile.  Please contact the StockGuru Publisher John Pentony at this email address: (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions.  SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage.  When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present.  Additionally SG also discloses any anticipated compensation in the future.  Compensation is typically in cash.  Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

John Pentony, Publisher,

Tel: +1 469 252 3031