Kenya is currently in the exploration spotlight following Tullow’s new discovery in the country yesterday.

Earlier this month, Simba told investors that it has already found two leads within the 2A licence block after it reprocessed existing data on the acreage. The company is preparing to carry out further work, including a passive seismic survey next month.

Simba highlights that Sproule has considerable experience in the country, particularly in the area around Block 2A as it has carried out similar assessments on other blocks nearby.

“We commissioned Sproule for this evaluation because they have done extensive in depth geological and geophysical studies in the immediate area,” said chief executive Robert Dinning.

“While Simba’s technical team is encouraged by its own evaluation and review of the available data, our shareholders can now look forward to seeing the results of an independent evaluation of this asset’s potential within these coming weeks.”

Simba says the Sproule report is expected to be completed in the next 60 days.

Yesterday, Tullow revealed that the Ngamia-1 well hit more than 20 metres of net oil pay and moveable oil, 30 degree API, was recovered to surface. Tullow boss Angus McCross said it was an excellent start to its major exploration programme in East Africa, focused on Kenya and Ethiopia.

Ngamia is located in Block 10BB and it is a joint venture between Tullow and Africa Oil.

By Jamie Ashcroft, proactiveinvestors.co.uk

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