Simba Energy Corporate Presentation - Proactive Investors
Simba Energy Corporate Presentation - Proactive Investors
Simba Energy Corporate Presentation - Proactive Investors
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SIMBA ENERGY<br />
(TSX-V: SMB)<br />
(Frankfurt: GDA)<br />
<strong>Corporate</strong> <strong>Presentation</strong> December, 2010
Cautionary Statement<br />
Statements contained in this presentation which are not historical<br />
facts are forward-looking statements that involve risks, uncertainties<br />
and other factors that could cause actual results to differ materially<br />
from those expressed or implied by such forward-looking<br />
statements. Factors that could cause such differences, without<br />
limiting the generality of the following, include: risks inherent in<br />
exploration activities; volatility and sensitivity to market prices;<br />
volatility and sensitivity to capital market fluctuations; the impact of<br />
exploration competition; the ability to raise funds through private or<br />
public equity financings; imprecision in resource and reserve<br />
estimates; environmental and safety risks including increased<br />
regulatory burdens; unexpected geological or hydrological<br />
conditions; changes in government regulations and policies,<br />
including trade laws and policies; failure to obtain necessary permits<br />
and approvals from government authorities; weather and other<br />
natural phenomena; and other exploration, development, operating,<br />
financial market and regulatory risks. <strong>Simba</strong> <strong>Energy</strong> disclaims any<br />
intention or obligation to update or revise any forward-looking<br />
statement, whether as a result of new information, future events or<br />
otherwise.
<strong>Corporate</strong> Snapshot<br />
Background<br />
Share Structure<br />
• Listed on the Toronto<br />
Venture (TSX.V: SMB) and<br />
Frankfurt (Frankfurt: GDA)<br />
Stock Exchanges<br />
• Converting onshore Liberia<br />
Reconnaissance Licence<br />
NR-001 to a PSA<br />
• Submitted Application for<br />
PSA in Mali<br />
• Submitting Applications for<br />
PSA onshore and offshore<br />
Ghana<br />
<strong>Corporate</strong> Profile<br />
Share price (CAD) $0.08<br />
Shares issued 93.50 million<br />
Market Cap (CAD) $7.50 million
Operational Overview<br />
• Management’s Focus & Strategy:<br />
Grow the Company into a diversified international producer<br />
with strategic oil and gas assets in Africa that deliver<br />
significant upside potential for shareholders.<br />
• Liberia - Converting onshore Reconnaissance Licence to a<br />
Production Sharing Agreement (PSA)<br />
• Company’s 1 st asset is a licence extending over an area of 1,366<br />
sq.kms and covers the entire onshore extent of sedimentary basin<br />
known as Robert-Bassa Basin.<br />
• Final approval and signed PSA expected by mid February.<br />
• Recently applied for PSA on ‘Block 3’ in Mali<br />
• An asset already w/ +$10 million USD of seismic and exploration<br />
since 2007 covers 22,500 sq. kilometers in an identified basin w/<br />
excellent drill site targets already established.<br />
• A successful application will employ advanced passive seismic<br />
techniques to compliment and strengthen decisions on known drill<br />
targets.<br />
• Advancing on PSA applications for both onshore and offshore<br />
assets in Ghana.
The rush for oil exploration<br />
in West Africa<br />
• Anadarko Petroleum to begin<br />
drilling an exploration well<br />
offshore Liberia early in 2011<br />
• Anadarko Petroleum<br />
announced major discoveries<br />
offshore Sierra Leone (Venus,<br />
fall 2009, Mercury Sept. 2010)<br />
• Chevron granted three<br />
deepwater concessions<br />
offshore Liberia, exploration<br />
to start 4 th quarter, 2010<br />
• Major oil discovery in Ghana<br />
is about to begin production in<br />
2010 (Jubilee)<br />
Largely unexplored region with billion barrel potential fields already<br />
discovered (Venus & Mercury off Sierra Leone, w/ Jubilee off Ghana)
Liberia onshore licence<br />
• First onshore Hydrocarbon<br />
Reconnaissance Licence<br />
NR-001 in Liberia<br />
• Over 1,366 sq. kms entirely<br />
covered by the onshore<br />
extent of the Robert-Bassa<br />
Sedimentary Basin<br />
• Early in 2010 Company<br />
conducted extensive satellite,<br />
airborne and gravity<br />
reinterpretations of previous<br />
data<br />
• Company is converting its<br />
Reconnaissance Licence into<br />
a PSC with the National Oil<br />
Company of Liberia (NOCAL)
Liberia onshore licence<br />
• During January 2010,<br />
<strong>Simba</strong> <strong>Energy</strong> supervised<br />
an exploration team of<br />
geology students from the<br />
University of Liberia to<br />
carry out an extensive<br />
survey over the most<br />
prospective portions of<br />
<strong>Simba</strong>’s licence area<br />
• 15 oil seeps found on all<br />
traverses explored<br />
covering an area of<br />
approximately 125 sq.kms<br />
• Each sighting had<br />
numerous oil seeps in<br />
close proximity<br />
The high volatile oil associated with the seeps is a positive indication of mature oil. The onshore basin is<br />
either deep enough to have temperature and pressure levels capable of maturation or migration has come<br />
from offshore sediments.
Locations of reported &<br />
studied oil seeps<br />
8
Liberia – Gravity Map<br />
Gravity map showing study area and the outline of the onshore basin as indicated<br />
by the blue low area. The large purple to blue areas north of the basin consists of<br />
Precambrian low density rocks.<br />
9
Liberia onshore oil seeps<br />
Seeps were identified and quantified on the following observations:<br />
•Often there was kerosene smell (description of a hydrocarbon smell or stink)<br />
•The hydrocarbon present is very volatile and was only seen entering fresh pits.<br />
• Generally seeps were found in quiet water as their identifier features are better<br />
preserved.
Mali – Block 3 Application<br />
• Formally submitted application<br />
for a Production Sharing<br />
Agreement (PSA) on ‘Block-<br />
3’ in Mali w/ “AUREP” -<br />
L'Autorité pour la Promotion<br />
de la Recherche Pétrolière au<br />
Mali (The Authority for the<br />
Promotion of Oil Research<br />
in Mali).<br />
• Block 3 covers over 22,500<br />
sq. kms centrally located in<br />
the very large Taoudeni<br />
Basin.<br />
• Over the past few years,<br />
Eni S.p.A (Italy) conducted<br />
extensive satellite, airborne,<br />
gravity, 2D Seismic<br />
interpretation of new and<br />
previous data<br />
The Taoudeni Basin is the largest<br />
under explored basin in West Africa!
4 Previous Wells<br />
Mali – 4 Previous Wells<br />
Hydrocarbons shows in all four wells.
Mali<br />
Section illustration indicating Taoudeni Basin (left side).
Mali<br />
Late stage bitumen<br />
in fracture surfaces<br />
of limestone
Activity Highlights<br />
Liberia<br />
• PSC Application submitted and awaiting approval<br />
(expected by mid February 2011).<br />
Mali<br />
• Block 3 (PSA) application submitted & under review with<br />
final notification expected in January 2011.<br />
Ghana<br />
• Filing Onshore PSA application by end of December.<br />
Management continues:<br />
• Assessment and negotiation on a number of available<br />
(smaller) production assets to support overhead.<br />
• Pursuing other high value assets / PSA’s in the region.<br />
15<br />
11
Directors & Management<br />
Robert Dinning, President, CEO & Director<br />
• Chartered Accountant has operated his own consulting business for 30 years focused<br />
primarily in the natural resource industry and brings effective management and administrative<br />
experience to the Company<br />
• Extensive experience structuring and managing public companies<br />
• Currently a director & officer of three other public companies, Chairman - Paramount Gold<br />
and Silver;<br />
CFO - ATAC Resources, CFO Sonora Gold and Silver<br />
James W. Dick, Chief Technical Officer & Director<br />
• P. Geol., P. Eng., APEGGA<br />
• Currently President, J.W. Dick & Associates Ltd.<br />
• Consulting geologist for Katana Resources during Liberian oil exploration in the early 1980’s<br />
• Extensive international oil & gas development experience<br />
Mr. Dick was part of the team that:<br />
• Drilled the first offshore well on the east coast of Canada.<br />
• Made the discovery of the major Mitsue Field, onshore northern Alberta<br />
• Made the first discovery of oil in the Beaufort Sea.<br />
• Found several Tcf of gas in the Beaufort Sea at (Taglu. Mallik, Ivey, Adgo)<br />
• Brought the first oil ashore in the North Sea (Auk)<br />
• Brought the first oil ashore from the Brent Field, North Sea
Directors & Management<br />
Dr. Karim Akrawi, Vice President Exploration & Director<br />
• Holds a PhD degree in Geo-Statistics and Exploration from London and a BSc. degree in<br />
Petroleum Geology from Baghdad, Iraq.<br />
• Currently the managing director of Geodynamics; he is responsible for worldwide<br />
Geosciences Passive Seismic - Infra Passive Deferential Spectroscopy (IPDS) surveys<br />
activities; including (programming, developing, studies, data integration and interpretation)<br />
• Has worked extensively in Africa including Mali.<br />
• Senior Reservoir Geologist with Abu Dhabi Company (ADCO) for Onshore Oil Operations<br />
from 1980 to 2008 (and now producing 1.8 million barrel oil per day). Has worked on most<br />
Exploration areas, Prospects, Discoveries and Developed Fields in UAE as well as other<br />
parts of Gulf exploration areas.<br />
• From 1972 to 1980, Head (acting) of Geology in Northern Petroleum Organization Kirkuk-Iraq<br />
(Ex. IPC), producing 1.2 million barrels of oil per day. Involved in supervision of exploration<br />
and field development drilling activities for most all oil fields in central and northern Iraq<br />
• Has prepared and participated in over 220 technical paper and reports<br />
• He is Petroleum Advisor of Iraqi Business Council (IBC). Karim is an active member in<br />
several international technical societies: AAPG, SPE, EAGE & EGS.
Directors & Management<br />
Casey Forward, CFO & Director<br />
• Certified General Accountant with over 23 years of experience.<br />
• Mr. Forward is a director and officer of several public companies involved in the mineral resource<br />
sector and as Chief Financial Officer is an integral part of the management team.<br />
John King Burns, Director<br />
• Seasoned career in the global resource and finance sectors.<br />
• Considerable experience and track record in providing capital investment, investment banking,<br />
financial and business advisory services to natural resource exploration companies including former<br />
Managing Director and Global Head of the Derivative Trading and Finance Group of Barclays<br />
Metals Group, Barclays Bank PLC in London England.<br />
• Director of Hunter <strong>Energy</strong> LLC (Colorado), NuCoal <strong>Energy</strong> Corp. (Saskatchewan), and NovaDx<br />
Ventures Corp. as well as Independent Director for government controlled China Gold Internations<br />
Resources Corp.<br />
Charles de Chezelles, Non-Executive Director<br />
• Mr. de Chezelles is a highly experienced finance industry expert. Past positions include: General<br />
Manager, at Banco Real SA; Executive Director at CSFB; Director at First Boston Europe, London.<br />
• Currently Managing Director of Omega Trust Company Ltd. (London), Mr. de Chezelles sits on the<br />
Board of several financial companies and Trusts.
Management & Advisors<br />
Mr. Hassan Hassan, Consultant<br />
• Over 25 years experience with business development activities in mineral resource, energy,<br />
and public company sectors<br />
• International business consultant with a proven track record serving many companies in<br />
global resource, energy and other sectors<br />
• Founded International Resource Strategies Liberia <strong>Energy</strong> Inc. (IRSLE), which was acquired<br />
by <strong>Simba</strong> <strong>Energy</strong> Inc. (and will soon be formally re-named to <strong>Simba</strong> <strong>Energy</strong> Liberia Inc.) that<br />
holds the Company's License NR-001 in Liberia as detailed above.<br />
• Very well established affiliations within the oil & gas sectors of Africa and the Middle East<br />
Erick Banzer, Africa Operations Manager<br />
• Mr. Banzer has been working in West Africa since 2007 and is also involved in the mining<br />
sector in Liberia and West Africa.<br />
George Garteh, Country Manager, Liberia<br />
• Country Manager of our subsidiary company, International Resource Strategies Liberia<br />
<strong>Energy</strong> Inc. (IRSLE) since its inception in 2008.<br />
• Citizen of Liberia with strong knowledge of Liberian law and understanding of Liberian<br />
business culture.
SIMBA ENERGY INC.<br />
Suite 1128<br />
789 West Pender St<br />
Vancouver, BC V6C 1H2<br />
Canada<br />
Tel: +1 604 641 4450<br />
Fax: +1 604 669 9335<br />
www.simbaenergy.ca<br />
info@simbaenergy.ca