- CEO
- Robert G. Dinning
- Full Time Employees
- 178
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 905 West Pender Street Vancouver BC Canada V6C 1L6
- IPO Date
- Sep 8, 2009
- Business
- Simba Essel Energy Inc. (SMBZF) is a Canada-based oil and gas exploration company focused on acquiring, exploring and developing properties in Africa's onshore and offshore frontier basins. The company holds interests in Production Sharing Contracts (PSCs) covering Block 2A (7,802 square kilometers) in Kenya's Mandera and Anza Basins; Blocks 1 and 2 (12,000 square kilometers) onshore in Guinea's Bove Basin; onshore PSCs in Chad's Doba, Doseo and Erdis Basins; a Hydrocarbon Reconnaissance License NR-002 (2,961.7 square kilometers onshore and offshore) in Liberia; and applications for an onshore permit in Ghana. Core activities encompass geophysical surveys including airborne Full Tensor Gradiometry (FTG), 2D seismic acquisition and interpretation, prospective resource estimation, environmental and social impact studies, and farm-out strategies to advance assets toward drilling; operations target independent oil operators, national oil companies and international partners in underdeveloped Pan-African basins. Founded in 1990 by Hassan Hassan and headquartered in Vancouver, British Columbia, with a subsidiary office in Nairobi, Kenya, Simba Essel Energy maintains a portfolio spanning East, West and Central Africa. In April 2017, the company changed its name from Simba Energy Inc. following shareholder approval of a 2015 agreement with Essel Group Middle East (EGME), under which EGME earned a 60% interest in Kenyan, Chadian, Guinean, Liberian and Ghanaian PSCs by funding exploration including a 520-kilometer 2D seismic program on Block 2A completed in March 2017, FTG surveys identifying 11 anomalies, and Sproule International resource assessments; Essel also subscribed to shares, settled debts via equity issuance in June 2017, and advanced funding for Liberian license reinstatement (April 2017, expanded to 2,961.7 square kilometers) and Guinea PSC ownership negotiations toward 100% control.