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Company Spotlight
VIQ Solutions Inc (TSXV: VQS)
VIQ Solutions Inc. is a global leader in computer-based digital audio and video capture and + Read More
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The Ubika Research Junior Resource stock watchlist
Simba Energy Inc (Symbol: V.SMB) |
| Company Name: |
Simba Energy Inc |
| HQ Location: |
Vancouver, Canada |
| Company Website: |
www.simbaenergy.ca |
| Shares Outstanding |
137.9 Million |
| Closing Price (Feb 09, 2011) |
$0.17 |
| 52 week (Low – High) |
$0.15 - $0.19 |
Market Cap: |
$23.4 Million |
| Average Daily Volume |
743,511 shares |
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.
Share Highlight / 1-Year Stock Chart
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Business Overview
Simba Energy Inc (TSX VENTURE: SMB) (CVE: SMB)(Frankfurt: GDA) is a junior oil exploration company currently exploring for oil in onshore Liberia, Cote D’Ivoire and Ghana in West Africa. + More info
What is interesting about Simba Energy Inc (V.SMB)?
- The company has assembled a huge on shore highly prospective land package in Liberia (West Africa) that is being called a giant oil seep as the area is witnessing numerous oil seeps currently. These oil seeps is being currently identified as very light crude oil.
- West Africa has seen huge interest in off shore oil exploration and had several successes. The on shore exploration is still in early stages.
- The company now holds a Hydrocarbon Reconnaissance Licence in Liberia for 1,366 square kilometres land area within the prospective Roberts and Bassa Basins of south coastal Liberia
- The Company is working with Liberian Oil Company to have a production sharing agreement. Since Liberia is new to onshore exploration, Simba may take time to negotiate a production sharing agreement.
- Company has submitted an application for a production sharing agreement in Mali
- Strong management team with well regarded professional geologists on the board of the company
- Chevron has taken three blocks adjacent to Simba’s property in Liberia, suggesting the area may be highly prospective
- Onshore exploration work is far more economical than offshore exploration work and so for a junior exploration company on shore exploration work is more affordable
- In January 2011, the company raised a $3.3 Million in financing
- Strong interest from institutions. For a very small cap name this is somewhat unusual and suggests there is a strong exploration potential, as sophisticated investors are ready to invest in this story.
- According to some estimates 25% of the company is controlled by institutions.
- While Liberia had a troubled past, the country has come someway to be a stable and democratic state headed by a US educated female leader
- The company’s exploration plan is to complete a seismic program and drill an exploration hole
Risks
Company is at a very early stage and has no proven resource estimate. There is no assurance that
the proposed exploration program will be successful for the company.
Simba Energy Inc. News
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Ubika Corporation, its affiliates or its divisions including smallcappower.com are not registered with any financial or securities regulatory authority, and do not provide nor claims to provide investment advice or recommendations to readers of this report. The information in this report is designed to present the opinion of Ubika’s analysts and what they believe to be the objective prospects of the highlighted company.
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The content on this site may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express written consent of Ubika Research, a division of Ubika Corporation.
Disclaimer
Ubika Corporation, its affiliates or its divisions including smallcappower.com are not registered with any financial or securities regulatory authority, and do not provide nor claims to provide investment advice or recommendations to readers of this report. The information in this report is designed to present the opinion of Ubika’s analysts and what they believe to be the objective prospects of the highlighted company.
Simba Energy Inc. may enter into a commercial relationship with Ubika Corporation, Investor Cubed or our affiliates for research coverage and capital market services and may pay fees and or shares or stock options or warrants for being mentioned at smallcappower.com. Hence the highlighted company information is an advertisement only and does not and will not constitute an offer to buy or sell securities in the highlighted company.
| Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services |
No |
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| Common Stock/Options Ownership in Simba Energy Inc. |
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| Analyst(s) |
No |
| Analyst’s family members |
No |
| Analyst’s firm, their affiliates and/or subsidiaries |
No |
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