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Simba Energy Announces Passive Seismic Survey Results at Block 2A, Kenya

Simba Energy Inc. (SMB.V) today announced the results of the Infrasonic Passive Differential Spectroscopy (or passive seismic) survey recently completed over Block 2A, Kenya, where it has a 100% working interest.

The original undertaking was to investigate and ascertain the hydrocarbon potential at the Company's three targets (P1, P2, P3) by first employing a block survey using passive seismic to confirm or identify areas of hydrocarbon potential to be followed up with 2D seismic for structure definition.

This first phase of passive seismic has confirmed P1 to be comprised of two distinct and sizeable leads with excellent hydrocarbon response lying east and SSE of the city of Wajir.

At P2, several additional interconnected leads have been identified with good hydrocarbon response that is not seen with the current 2D seismic. The third lead, P3, has also been confirmed as a prospective lead where response fit exceptionally well with present 2D coverage.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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