Press Releases2017Mar 09, 2017
Essel Group Middle East and Simba Energy Inc. - Technical Update on Processing of Acquired Seismic Data on Block 2A, Kenya
Essel Group Middle East ("EGME") and Simba Energy Inc. ("Simba") (TSX Venture: SMB) (Frankfurt: GDA) (OTCBB: SMBZF) are pleased to announce that the 2D seismic acquisition programme on Block 2A in Wajir, Kenya has been successfully completed.
James W. Dick, P. Geol., P. Eng., Chief Technical Officer of Simba along with external consultants Xodus, PGS and EPI confirmed that the data quality was excellent and its coverage combined with the historical 2D seismic, the Full Tensor Gradiometry ("FTG") and Passive Seismic ("IPDS") has provided an excellent picture of the structural and depositional style of the Mandera Basin in Block 2A.
Currently the lines are being processed with very good results. Preliminary interpretations of the structural and stratigraphic data, based on fast-track seismic sections, are promising. The combination of the previous work and the recent data acquisition has resulted in a significant improvement in understanding of the depositional environment and refinement of structure. In particular, the relationship between the FTG, IDPS and the recent 2D seismic acquisition adds a much higher level of prospectivity for the block.