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Friday, May 30, 2014
Simba Energy Inc. reported that the airborne FTG survey over Block 2A in Kenya commenced approximately 10 days ago and should be completed in early June. The program was expanded somewhat to cover a new and significant target area identified by preliminary FTG results received to date.
The aircraft initially covered the secondary smaller survey area (850 sq km) at the southwest boundary of Block 2A in order to investigate the area within the Anza basin. Results to date for the FTG survey in this area have been encouraging.
Considered with the known geology and modeling of the Anza basin in this area, the preliminary data from these FTG results indicate the existence of two basinal structures within the basin’s margin; this includes a new large basinal structure identified with an area of +/-100 sq km in the southwestern most extents of Simba’s concession. A second basinal structure of +/- 40 sq km lying about 15kms to the southeast appears coincident with the northern extents of the Badada prospect in Block 2B (just south of Block 2A) controlled by Taipan Resources Inc.
The FTG survey coverage will be expanded by +/- 100 sq km to the northeast of the new target area in order to provide full gradiometry coverage through to the known extents of the Anza basin’s margins controlled by Simba. The company’s larger and primary survey area in Block 2A provides coverage over the Mandera basin, lying just SE from the city of Wajir. This area is now in the final stages of data acquisition, with total survey completion expected within a week’s time. The final results and reporting are anticipated to be available within three to four weeks once all data acquisition is complete.
Resulting data from this FTG survey will serve to provide better targeting and more cost-effective 2-D seismic acquisition planned for later in the year, preparatory to final drilling decisions.
“Simba has had discussions with a number of companies expressing interest in farming directly in to Block 2A to undertake a 2D seismic program with a drilling commitment, based on these FTG results currently being generated.” stated Robert Dinning, president & CEO.
Simba also revealed that in conjunction with the commencement of the FTG program on Block 2A, it has engaged Campbell & Walker Geophysics Ltd. (Christopher ‘Kit’ Campbell, P. Geo.) to provide project management & QA/QC for the company’s FTG survey. Kit Campbell has worked extensively with airborne gravity gradiometry in the East African Rift System as well as throughout North and South America for many years.
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