Simba Energy Updates Operations in Block 3, Mali

Source: www.gulfoilandgas.com 3/17/2011, Location: Africa

Simba Energy Inc., the oil and gas exploration company with a focus on the West African nations of Liberia, Mali, and Ghana, is pleased to provide the following update to its shareholders in Mali.

As announced in December 2010, Simba Energy formally submitted an application for a (hydrocarbon) Production Sharing Agreement (PSA) on Block 3 in Mali, West Africa. This is a considerably large block located in the northern part of Mali consisting of 22,000 square km and is in an area where extensive exploration is underway.

As part of the PSA application review process, a Company delegation including Senior Management recently met in Mali to review the application with officials from all related agencies. The Company is pleased to confirm that any and all aspects of the application have been completely addressed and resolved to the satisfaction of these respective agencies and the management of AUREP (French Version/Authority for the Promotion of Oil Research to Mali) and the Company is now awaiting final approval of its application.


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