Investor Presentation November 2012

Transcription

1 Investor Presentation November

2 THIS PRESENTATION IS BEING SUPPLIED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, FURTHER DISTRIBUTED TO ANY OTHER PERSON OR PUBLISHED IN WHOLE OR IN PART, FOR ANY PURPOSE. These presentation materials are confidential and are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 ( FMSA ), or in the United States who qualify as an accredited investor, qualified institutional buyer or qualified purchaser under United States Securities laws, or an "accredited investor" under National Instrument in Canada, and certain other investment professionals, high net worth companies, unincorporated associations or partnerships and the trustees of high value trusts) and persons who are otherwise permitted by law to receive them. These presentation materials are directed only at persons having professional experience in matters relating to investments and any investment or investment activity to which these presentation materials relate is available only to such persons. Persons of any other description, including those who do not have professional experience in matters relating to investments, should not rely on these presentation materials or act upon their content. This document is exempt from the general restriction on the communication of invitations or inducements to enter into investment activity and has therefore not been approved by an authorised person as would otherwise be required by section 21 of the FSMA. Any investment to which this document relates is available to (and any investment activity to which it relates will be engaged with) only those persons described above. Persons who do not fall within this category of investor should not take any action upon this document, but should return it immediately to Simba Energy Inc. Postage and other reasonable delivery costs will be refunded. It is a condition of your receiving this document that you fall within, and you warrant to Simba Energy Inc. (the Company ) that you fall within, the category of person described above. The presentation materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in the Company nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to any securities. Any decision regarding any proposed subscription for shares in the Company must be made solely on the basis of public information on the Company. The presentation materials are not intended to be distributed or passed on, directly or indirectly, or to any other class of persons. They are being supplied to you solely for your information and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other purpose. Any other person who receives this document should not rely or act upon it. By accepting this document the recipient represents and warrants that they are a person who falls within the above description of persons who are entitled to receive this document. The information contained in this document is confidential and the property of the Company. No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness, sufficiency, accuracy or fairness. No representation or warranty, express or implied, is made or given by or on behalf of the Company or its directors or employees or their professional advisers or any other person as to the completeness, sufficiency, accuracy or fairness of the information, beliefs or opinions contained in this document and in the presentation and no responsibility or liability is accepted to placees for any such information or opinions. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the incurring by you of additional liability. Save in the case of fraud, no liability is accepted for any loss, cost or damage suffered or incurred as a result of the reliance on such information, opinions or beliefs. Certain statements and graphs throughout the presentation are forward-looking statements including management s and third party assessments of future plans, operations, values and returns and represent the company s international projects, expectations or beliefs concerning, among other things, future operating results and various components thereof or the company s future economic performance. These projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties which may cause the company s actual performance and financial results in future periods to differ materially from any estimates or projections. These risks include, but are not limited to, risks associated with the oil and gas industry in general, delays or changes in plans with respect to exploration and development activities and capital expenditures, the uncertainties of estimates and projections relating to production, political risks, costs and expenses and health and safety and environmental risks, commodityprice and exchange rate fluctuations, and uncertainties resulting from competition and ability to access sufficient capital, and risks relating to the ability to complete capital markets transactions referred to in the presentation. If you are in any doubt about the investment to which these presentation materials relate, you should consult a person authorised by the Financial Services Authority who specialises in advising on securities of the kind described in this document. The distribution of this document in certain jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions. Neither this document, nor any copy of it, may be taken or transmitted into Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws. 2

3 Corporate Profile Capital Structure Share Structure Share price Shares in issue Market Cap C$0.13* 226 million C$29m Institutional Holdings 25% Warrants Options Fully diluted *(as of 6th th November 2012) 53.8m 12m million Free Float 50% Management & Close Affiliates 25% Major institutional shareholders include: Alpha North Vertex One Expedition Capital (Hong Kong) CQS Simba is seeking a full Toronto listing for an eventual dual-listing onto London s AIM Market. 3

4 Executive Team John King Burns, Chairman & Director - John is a former Global Head of Structured Derivative Finance for Barclays Metals Group, Barclays Bank and has over 30 experience in the financial markets. An international executive in the global resources sector and currently Senior Project Advisor to Potomac Asset Management Co in Maryland. Robert Dinning, CEO & Director Robert is a Chartered Accountant with over 40 years business management and administration expertise. His proven record of success in the financial community includes being a Director and Officer of several public companies. Hassan Hassan, Managing Director Operations - Hassan brings a unique quality to Simba Energy, his strength lies in sourcing, negotiating and completing the acquisitions for PSC s. With over 7 years experience of working on the African continent, he is key to building strategic relationships at all levels throughout Africa. James W.Dick P.Geol., P.Eng, CTO & Director - Jim has over 48 years experience in the petroleum industry, 18 of those years with Exxon Group reaching Senior Exploration Specialist, Vice President for D&S International a large consulting group, 10 years as President Quad Energy Development Corp. He was also Chief Geologist for Mercantile International Petroleum Inc. Charles de Chezelles, Director Charles is a highly experience financial industry expert with over 40 years of knowledge. Past positions include: GM, Banco Real SA; Executive Director Credit Suisse-First Boston; Director First Boston. He is currently MD of Omega Trust Company and sits on the Board of several financial companies and Trusts. 4

5 Exploration & Production Strategy Identify, acquire and develop highly prospective onshore oil and gas assets across Africa. Target oil leases that become available. Focus on onshore oil and gas exploration in areas that are under developed or not previously exploited. Be a low cost acquirer of oil and gas assets. 5

6 Pan-African Exploration Overview Kenya 100% interest in PSC for onshore Block 2A. Republic of Guinea 60% interest onshore Blocks 1 & 2. Chad 100% interest in the PSCs in Chari Sud Blocks 1 & 2 and Erdis Block 3. Mali Block 3 100%. Liberia, Ghana PSC s Pending. 6

7 Kenya: Block 2A Block 2A is 7,801 sq.kms. 500km. of pre-existing 2D seismic. June 2012: completed a NI & CPR by Sproule Worldwide Petroleum Consultants MMBOE prospective resources. mean August 2012: completed passive seismic programme. September 2012: Retained Ernst & Young LLP to assist with a farm-in or JV. Data Room open. Targeted Drilling date Q4/13. 7

8 Kenya: Block 2A Oil Source Basement Time Structure 8

9 About Passive Seismic Technology Geodynamics Worldwide has developed a unique Direct Hydrocarbon Indicator. Acquisitions in the field and accurate modelling show that the fluid types contained in rock porosities can change the features of micro seismic waves crossing it. A signal recorded from the surface on top of uniformly rigid material will transduce microseismic waves in a very different way, compared with of a rock volume pressurized by fluids like oil or gas. The technology has been applied in 100+ projects with impressive drilling results and benefits in reducing exploration risk. 9

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15 Kenya: Lead #1 SW-NE Seismic Section 15

16 Next Steps in Kenya Open Office in Wajir. Begin Social welfare program. Complete farm out of Block 2A. 16

17 Chad: Chari Sud Blocks I & II, Erdis Block III Erdis Block III is 15,700 sq.kms. Significant current production already exists and substantial potential remains underexplored. Chari Sud Block I is 6,400 sq.km. Southern 50% of Chari Sud Block II is 3,711 sq.km. Both of the Chari Sud Blocks lie just south of producing oil fields. Gravity and magnetic surveys across both Chari Sud Blocks I & II, along with existing 2D seismic, indicate the same basin morphology as the producing fields. 17

18 Chad: Chari Sud Blocks I&II Prospectivity 18

19 Chad: Basin Main Features Source Rocks & Seal (seal and effective source rock) Infracambrian. Early Silurian Shales. Reservoir Rocks Thick Cambro-Ordovician & Devonian sands can act as good reservoir rocks. Cap Rock Marine Shales: Silurian (for Cambro-Ordivisian Res. Rock Marine Shales: Late Silurian (for Unconventional Traps?) Fluvial Shales: Tadarat Formation (For Devonian Res. Rock). Traps Seismically tilted fault block. Stratigraphic. 19

20 Guinea: Blocks 1 & 2 Blocks 1&2 comprise of 12,000 sq.km of the Bove Basin. Silurian shales, which are the major source rock in all North African basins, are present. Presence of oil seeps, large accumulations of biodegraded heavy oil at surface, along with light oil staining. The basin has three known reservoir systems with fair to good reservoir parameters in both clastic sediments and carbonates. 20

21 Corporate Social Responsibility (CSR) Ongoing programme of repairing and rebuilding schools. Providing local schools with books, desks and chairs. Ongoing donation of medical supplies to clinics in impoverished rural regions. Drilling of water wells. 21

22 Investment Highlights Large, diversified portfolio of "high impact" early stage oil & gas assets in Africa. Significant exploration and/or development activity on or adjacent to Simba's blocks. Management has excellent relations with host countries where it operates. 100% Working interest in Kenya and Chad blocks. Targeting drilling on Kenya Block 2A in Q4/13. Attractive acquisition target for intermediate or major oil and gas company. Experienced management and directors. 22

23 Contact Us Corporate Office Suite West Pender St. Vancouver, BC V6C 1L6 Canada Tel: Fax: Toll Free: W E info@simbaenergy.ca Public Relations - UK Lionsgate Communications Jonathan Charles E: jcharles@lionsgatecomms.com Tel: +44 (0)