Simba Energy Inc. (TSXV:SMB,OTCQX:SMBZF) announced that it has finished the initial phase of field work at Block 2A, a concession located onshore in Kenya that has significant potential for oil and gas discoveries. A report and interpretation of the results are expected in the near future.
As quoted in the press release:
The passive seismic data collected from 218 listening stations covered the Company’s existing three leads. Data results obtained were reported by GeoDynamics Worldwide as being of high (clean) quality and expected to correlate well with existing 2D seismic during processing. Additionally the Company carried out the collection of 675 geochemical samples on Block 2A. These will be analyzed with results being incorporated into the Block 2A geological interpretation.
At the strongest lead, with 4-way closure already confirmed by reprocessed 2D seismic, the passive seismic survey’s preliminary field data considerably increased the exploration potential and resulted in the decision to infill the listening pattern. The Company’s technical team will now follow up with targeted 2D and or 3D seismic programs in order to better determine the location of its first exploration well on this concession.