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Sproule Associates Ltd. has completed a technical report in respect of Simba Energy Inc.’s 100% interest in the production sharing contract for onshore Block 2A, Kenya, and identified three prospective leads at four representative seismic horizons. The block is comprised of 7,802 sq km within the Madera-Lugh Basin.
Sproul utilized 500 km of existing 2D seismic and five horizons have been carried in the interpretation. For this initial assessment, the gross, unrisked, undiscovered petroleum initially in-place was 1,927.1 million barrels of oil equivalent (MMboe); and the gross, unrisked, prospective resources was 445.3 MMboe. The total gross, risked, mean prospective resources was 26.9 MMboe.
As its main conclusion, Sproule's report confirmed the exploration potential of Block 2A and supported existing plans to further delineate these leads as proposed with additional passive micro-seismic, 2D or 3D seismic, and gravity gradiometer surveys.
Robert Dinning, Simba's president and chief executive officer, remarked, “This block lies within the junction of two trends that are geologically similar to the successful Ngamia-1 well, recently drilled by Tullow Oil and Africa Oil. As a next step, we see our passive seismic program as offering a very strong compliment to the existing seismic we have for these leads. We have an exciting, active and funded exploration program now in place for Block 2A.”