Simba is king on Chad blocks

New territory: for Simba in Chad

Steve Marshall

 24 September 2012 15:11 GMT

Canadian explorer gains 100% stakes in three PSCs in African onshore play

Canadian explorer Simba Energy has secured production sharing deals for three Chad blocks to further expand its African asset portfolio.

The company put pen to paper on Monday on a so-called Protocole d’Accord under which a work programme for the first year of exploration on the onshore tracts must be finalised by 20 October.

Simba will hold 100% stakes in all three prospective concessions, each of which could be “a company-maker in its own right”, according to managing director for operations Hassan Hassan.

Two of the blocks, Chari Sud Block I and Chari Sud Block II, cover a total area of more than 10,000…

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