{"id":4300,"date":"2016-01-28T07:24:58","date_gmt":"2016-01-28T07:24:58","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4300"},"modified":"2017-01-26T09:38:56","modified_gmt":"2017-01-26T09:38:56","slug":"simba-energy-raises-2-1-million-to-fund-exploration-in-kenya","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-raises-2-1-million-to-fund-exploration-in-kenya\/","title":{"rendered":"Simba Energy Raises $2.1 Million To Fund Exploration In Kenya"},"content":{"rendered":"<p>Simba Energy has closed its previously announced in November 2015 non-brokered private placement to raise gross proceeds of $2,100,749.00 through the issue of shares to fund exploration commitments associated with the Company\u2019s Production Sharing Contracts in Kenya, and general working capital purposes.<\/p>\n<p>The Canadian Explorer that recently received formal <a href=\"http:\/\/ow.ly\/XCFCJ\">approval<\/a> from the Government of Kenya for its farm-in agreement with Essel Group plans to start its seismic program in\u00a0Kenya\u2019s Block 2A in early 2016 with the 2D seismic data expected to help identify locations to drill initial exploration wells.<\/p>\n<p>The <a href=\"http:\/\/ow.ly\/XCFFj\">seismic<\/a> will involve the acquiring and interpreting of up to 500 line kms of 2D seismic data which will also confirm depths and support the volume estimates necessary for a revised resource estimate and risk category for the concession\u2019s prospects and other secondary targeted structures.<\/p>\n<p>\u201cSimba Energy Inc. provides investors with well positioned exposure to oil and gas exploration in key areas of Africa with active onshore production sharing contracts (\u201cPSCs\u201d) in Kenya and Guinea and PSCs under continuing negotiation in Chad, Liberia and Ghana. Simba\u2019s mission is to focus on onshore oil and gas potential in areas that are under-developed or not previously exploited,\u201d says President &amp; CEO Robert Dinning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Simba Energy has closed its previously announced in November 2015 non-brokered private placement to raise gross proceeds of $2,100,749.00 through the issue of shares to fund exploration commitments associated with &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-raises-2-1-million-to-fund-exploration-in-kenya\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[26,273,3299,1252,2176,2312],"class_list":["post-4300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-2d-seismic","tag-block-2a","tag-essel-group","tag-kenya","tag-robert-dinning","tag-simba-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/thumnail_simba_energy.jpg?fit=300%2C200&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-17m","jetpack-related-posts":[{"id":3274,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-gets-kenya-government-greenlight-block-2a-farm-essel-group\/","url_meta":{"origin":4300,"position":0},"title":"Simba Energy Gets Kenya Government Greenlight for Block 2A Farm-in to Essel Group","author":"","date":"August 29, 2015","format":false,"excerpt":"Simba Energy has announced it has received formal approval from the Government of Kenya for its farm-in agreement with Essel Group. Under the terms of the farm-in agreement, Essel Group Middle East (Dubai) will earn a 60% participating interest in Simba's African portfolio, including Block 2A in Kenya, in exchange\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/thumnail_simba_energy.jpg?fit=300%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4145,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-to-acquire-2d-seismic-in-kenyas-block-2a-in-early-2016\/","url_meta":{"origin":4300,"position":1},"title":"Simba Energy to Acquire 2D seismic in Kenya\u2019s Block 2A in Early 2016","author":"","date":"December 1, 2015","format":false,"excerpt":"Block 2A operator Simba Energy has told investors that it plans to start its seismic program in\u00a0 Kenya in early 2016 and is currently coordinating with its new partner Essel Group since the August farm-out. The 2D seismic data is expected to help identify locations to drill initial exploration wells\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/block-2a.png?fit=301%2C269&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4518,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-in-kenyas-block-2a-to-commence-in-may-2016\/","url_meta":{"origin":4300,"position":2},"title":"2D Seismic in Kenya\u2019s Block 2A To Commence in May 2016","author":"","date":"March 22, 2016","format":false,"excerpt":"Simba Energy has said that through its subsidiary Company Simba Africa Rift Limited together with its farm in partner Essel Group ME (EGME), have agreed that the 2D Seismic Data Acquisition and Processing program will cover approximately 500 line km of survey to commence in early May 2016. Simba says\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"wajir passive seismic","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/wajir-passive-seismic-300x200.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4164,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-completes-definitive-agreement-with-essel-group-for-block-2a-kenya\/","url_meta":{"origin":4300,"position":3},"title":"Simba Completes Definitive Agreement with Essel Group for Block 2A, Kenya","author":"","date":"December 4, 2015","format":false,"excerpt":"Simba Energy has announced it has executed a definitive farm-out agreement with Essel Group Middle East DMCC on Block 2A in Kenya wherein Essel Group Middle East will earn a 60%participating interest in Block 2A by funding 100% of exploration expenses until the completion of the drilling of 2 conventional\u2026","rel":"","context":"In \"2D seismic\"","block_context":{"text":"2D seismic","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/2d-seismic\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/block-2a.png?fit=301%2C269&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5595,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-essel-group-middle-east-complete-2d-seismic-data-acquisition-on-block-2-a\/","url_meta":{"origin":4300,"position":4},"title":"Simba, Essel Group Middle East complete 2D seismic data acquisition on block 2-A","author":"","date":"December 16, 2016","format":false,"excerpt":"Simba Energy and\u00a0Essel Group Middle East\u00a0have announced that the 2D seismic acquisition program on Block 2A in Wajir, Kenya has been successfully completed by Africa Geophysical Services Ltd (AGS). The survey has acquired a total of 520 kilometres of 2D seismic data on the block lying within the Mandera basin.\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/block-2a.png?fit=301%2C269&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4737,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-to-commence-2d-seismic-in-kenyas-block-2a-in-a-fortnight\/","url_meta":{"origin":4300,"position":5},"title":"Simba Energy to Commence 2D seismic in Kenya\u2019s Block 2A in a fortnight","author":"","date":"June 5, 2016","format":false,"excerpt":"Kenya\u2019s Block 2A operator Simba Energy has said it will commence the shooting of lines of 2D seismic in the next 7-12 days having already completed the necessary preparations. According to new Chief Executive Officer of Essel Group ME and Simba Energy Punkaj Gupta the seismic will usher the commencement\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/block-2a.png?fit=301%2C269&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=4300"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4300\/revisions"}],"predecessor-version":[{"id":4301,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4300\/revisions\/4301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/344"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}