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Simba Energy Corporate Presentation - Proactive Investors

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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

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