Simba Energy identifies potential oil leads in Kenya

Simba Energy's onshore Block 2A in Kenya. (Image source: Simba Energy)Simba Energy's onshore Block 2A in Kenya. (Image source: Simba Energy)Simba Energy Inc has announced the results of a technical report for its onshore Block 2A in Kenya, with three prospective leads identified

The technical report, carried out by independent petroleum consultant, Sproule Associates Limited, covers 7,802 sq km within the Madera-Lugh basin. The Madera-Lugh basin is located near the juncture with the Anza basin and Lamu Embayment/Basin.

Sproule utilised the existing 500km of 2D seismic for the report and found the three prospective leads at four representative seismic horizons.

Sproule said that this initial assessment indicated that the mean gross unrisked undiscovered petroleum initially in-place, was 1,927.1 million barrels of oil equivalent (MMboe), the mean gross unrisked prospective resources was 445.3 MMboe and the total gross risked mean prospective resources was 26.9MMboe.

The report therefore confirms the exploration potential of Block 2A and supports existing plans to examine these leads further with additional passive micro-seismic, 2D or 3D seismic, and gravity gradiometer surveys.

Simba, which holds a 100 per cent interest in the production sharing contract (PSC) for the block, plans to continue data gathering and review technical reports, satellite imagery, and interpretation of existing 2D seismic, gravity and magnetometer, as well as carry out block-wide field geological and geochemical studies.

GeoDynamics of Italy is conducting an infrasonic passive differential spectroscopy (IPDS) seismic survey covering 4,000 sq km with 250 measurement points on a variable spacing.

The areas of potential identified by the passive micro-seismic survey will be further evaluated by conventional 3D or 2D seismic and/or gravity gradiometer prior to selecting a drill site.

An additional 1,000 km 2D seismic survey will also be carried out and a drilling programme will be devised to evaluate the top leads identified by the aforementioned seismic programmes.

"We are delighted to provide our shareholders with this independent opinion from Sproule,” said Robert Dinning, Simba's president and chief executive officer.

“It reaffirms our technical team's initial premise to target Block 2A during the application process as it was highly prospective with great potential for significant accumulations.

“It is relevant to note how this same area lies within the junction of two (basin) trends as being geologically similar to the successful Ngamia-1 well, recently drilled by Tullow Oil and Africa Oil, that is also located at the junction of two trends.

“As a next step we see our passive seismic programme as offering a very strong compliment to the existing seismic we have for these leads."

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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