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Investor PresentationMarch 2014
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 whoqualify as an “accredited investor”, “qualified institutional buyer” or “qualified purchaser” under United States Securities laws, or an "accredited investor" under National Instrument 45-106 inCanada, and certain other investment professionals, high net worth companies, unincorporated associations or partnerships and the trustees of high value trusts) and persons who are otherwisepermitted 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 investmentactivity 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 toinvestments, 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 authorisedperson 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 youfall 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 forshares 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, orto 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 theabove 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 thecompleteness, 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 forany 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 ofadditional 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 returnsand represent the company’s international projects, expectations or beliefs concerning, among other things, future operating results and various components thereof or the company’s futureeconomic performance. These projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties which may cause thecompany’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 capitalexpenditures, the uncertainties of estimates and projections relating to production, political risks, costs and expenses and health and safety and environmental risks, commodity price and exchangerate 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 thepresentation.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 onsecurities 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 documentcomes 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 aviolation of relevant local securities laws.
2
THIS PRESENTATION IS BEING SUPPLIED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BEREPRODUCED, FURTHER DISTRIBUTED TO
ANY OTHER PERSON OR PUBLISHED IN WHOLE OR IN PART, FOR ANY PURPOSE
Disclaimer
Contents
3
I. Company Overview 4
Pan-African Exploration Portfolio 5
Investment Highlights 6
Strategy and Objectives 7
Management and Technical Team 8
II. Assets Overview 12
Kenya 12
Chad 21
Guinea 24
III. Corporate & Financial 25
Corporate Profile
Contact Us
26
27
I. Company Overview
Pan-African Exploration Portfolio
Investment Highlights
Strategy and Objectives
Management Team
Technical Team
5
Pan-African Exploration Portfolio
• Exploration licence agreements in Kenya, Guinea and Chad
• PSCs in Ghana, Liberia and Mali currently being ratified
Kenya
100% interest in PSC
for onshore Block 2A
(LOI– Farm-Out 40%)
Acreage: 7,802km2
Chad
100% interest in the PSCs Chari
Sud Blocks 1 & 2 and Erdis Block 3
Total acreage: 25,811km2
Republic of Guinea 60% interest onshore Blocks 1 & 2
(option to acquire remaining 40%) Total acreage: 12,000km2
Large, onshore, diversified portfolio of ’high impact’ early stage oil and
gas assets in Africa
Low cost acquirer of assets with significant exploration and/or
development activity on or adjacent to Simba's blocks
Large acreage
positions in African
frontier onshore basins
Excellent relations with
host governments
Majority ownership and
control of licences
Strong management
team with enhanced
technical and
operational support
6
Management supported by strong, local, on the ground presence in its
priority countries
Current or ahead of work commitments on all PSCs
Onshore exploration licences in Kenya (100% - Entered LOI with
Private investor group in Alberta for farm out of 40%); and a farm out
in Guinea for 45%. Simba owns 60% and has option to acquire
remaining 40% from Government.
Onshore PSCs in Ghana and Liberia being ratified
Taipan Resources – Holds adjoining PSC in Kenya, and are
conducting 2D Seismic on southwest corner of Simba’s Block 2A
Technical and operational team expansion to support Simba’s
continued growth and activity levels
Consolidating senior management in London
Investment Highlights
Strategy and Objectives
Pan-African, onshore exploration strategy:
1
Focus on underdeveloped or
unexplored basins
Be a low cost acquirer of oil and
gas assets
3
“Prove up” the licence through
geophysical field work and
analysis
Farm-down licence before
commencing drilling operations
Simba aims to maximize shareholder value through proving up onshore African
oil and gas assets in underexplored basins
Identify, acquire
and develop highly
prospective
onshore oil and
gas assets across
Africa
24
7
Experienced Management Team and Board…
Executive Team and Senior Management Board
Yrs Exp Yrs Exp
John King Burns – ChairmanBarclays Metals Group, Potomac Asset
Management Co.
Director at China Gold International Resources
Ltd, Corazon Gold Corp. NuCoal Energy Corp,
Dolly Varden Silver Corp.
35+40+Robert Dinning – President & CEO;
Director Director, President & CEO of
Meadow Bay Gold Corp., director of Sonora Gold
& Silver Ltd., Chairman of Paramount Gold and
Silver (TSX and AMEX listed)
James W.Dick P.Geol., P.Eng – CTO;
DirectorExxonMobil, D&S International, Quad Energy
Development Corp. Mercantile Int. Petroleum Inc.
Hassan Hassan – MD Operations;
DirectorPrimarily responsible for sourcing,
negotiating and completing the acquisition
of PSC's as well as negotiating strategic
alliances and Government relations
Oleg Schkoda – Exploration & Project
Development Baker Hughes, G.E., Schlumberger, Shell
Technology Ventures.
20+
40+
35+
Charles de Chezelles – Non-
Executive DirectorCredit Suisse-First Boston (CSFB), London;
Banco Real SA, London; Smith Barney, New
York
Director at Sunkar Resources Plc. Grafton
Resources Plc., Natasa Mining Plc.
35+
8
Keith Margetson – CFO
CFO of Meadow Bay Gold Corp.
Over 15 Africa-based Simba employees helping to realize Simba’s growth objectives
Simba Management
Vancouver HQ
Staff of 5
…Supported by Strong Presence on the Ground…
Ability to build long-term, local relationships; a key factor in winning PSCs
Plus Africa-based
staff members
focused on new
business
development
Kenya
5
Chad
1
Guinea
2
Ghana
1
Liberia
3
Countries with signed PSCs Countries with PSCs to be ratified
Country
# of in-country staff
9
10
…Supported by Simba’s Technical Team…
James W. Dick, Director & CTO
• BA (Hons) Geol., Pet. Eng.• 48 years of experience in the
Petroleum Industry • Exxon Mobil, D&S Intl, Quad
Energy Development, Mercantile Int, Petroleum Inc.
Oleg Schkoda, Exploration & Project Development • MSc Pet. Eng., MSc Pet. Geol.• 17 years of experience in the
Petroleum Industry• Baker Hughes, General
Electric, Schlumberger, Shell Technology Ventures
Uwem Uko, Sr. Geophysicist
• BSc (Hons) Geol., MSc Oil and Gas Eng.
• 10 years of experience in the Petroleum Industry
• Exxon Mobil, Halliburton, Schlumberger, Valiant Petroleum Plc.
II. Assets OverviewKenya
Chad
Guinea
Kenya: Significant Potential in an Underexplored Basin
Bougeur anomaly map over Block 2A with seismic basemap
Block 2A is 7,801km²
100% working interest (LOI – Farm-Out 40%)
Source, reservoir & seal rocks have been confirmed
Nearby Tarbaj oil seep has been sampled andanalyzed, demonstrating the existence of sourcerocks of marine origin located deeper in the basin
Sedimentary section of Mandera Basin is over10,000 meters thick
445.3 MMBOE mean unrisked prospectiveresources (NI 51-101 report, Sproule, May 2012)
Ngamia-1 Oil Discovery
12
Kenya: Block 2A
Successful drilling results re-ranking Kenya’s hydrocarbon potential to multi-
billions of barrels of oil
Simba Energy’s Block 2A is in the structural trend
of theAnza and Mandera-Lugh basins
- Large, underexplored sub-basin of the Ogaden
Basin
- Permian, Triassic and Jurassic candidate
source rocks
- Several structures have been evidenced in the
Block, specifically around the Wajir area
- Reservoir provided by different sandstone
levels
- 500km of pre-existing 2D seismic
13
Kenya: Structural Traps Identified from Seismic Analysis
14
Seismic Basement Time Structure shows prospective areas (P1, P2, P3) on the
basis of the geological structural traps
P1
P2
P3
P1 area has a 4-way closure based on three crossing seismic lines with several leads identified in
subsequent seismic analysis
Kenya: Passive Seismic Supportive of Prospective Leads..
Passive seismic survey undertaken in to investigate and ascertain the
hydrocarbon potential at the Company’s three targets (P1, P2, P3)
The first lead (Potential I) in P1 with an area of 29km² demonstrates the highest level of
hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey
The second, and likely related lead (Potential II), is over 100km² in size with good response for
hydrocarbon potential and is located approximately 8km to 20km to the SW of Potential I
15
Kenya: Passive Seismic Supportive of Prospective Leads..
Passive seismic survey undertaken in to investigate and ascertain the
hydrocarbon potential at the Company’s three targets (P1, P2, P3)
Passive seismic identifies the presence of
hydrocarbon occurrence if all factors
required for the formation, migration and
trapping of hydrocarbons are in place
The first lead (Potential I) in P1 with an area of 29km² demonstrates the highest level of
hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey
The second, and likely related lead (Potential II), is over 100km² in size with good response for
hydrocarbon potential and is located approximately 8km to 20km to the SW of Potential I
16
Hydrocarbon seismic energy profile along the seismic line K74-2
Both wells encountered quartzitic sandstones with limited reservoir development potential
Hydrocarbon seismic energy profile along seismic line K74-2 which passes through Potential II
and the two wells indicates a very weak passive anomaly in the vicinity of Elgal-1
It is also possible that Elgal-1 (1,908m TD) did not reach reservoir depth
Kenya: …Increasing Our Understanding of the System…
Hydrocarbon seismic energy distribution over
Potential II
Passive seismic also provides good indication why Amoco wells Elgal-1 and
Elgal-2 (1987) proved to be unsuccessful
17
Kenya: …Giving Strong Reservoir Indicators…
Hydrocarbon seismic
energy profile along the
seismic line K74-2
Seismic profile with
reported interpreted traps
Very high energy response coincides with a fault bounded potential trap
Elgal_1
Elgal_2
18
Kenya: Passive Seismic Identifies Potential Fault Zones
Passive seismic survey undertaken in to investigate and ascertain the
hydrocarbon potential at the Company’s three targets (P1, P2, P3)
The first lead (Potential I) in P1 with an area of 29km² demonstrates the highest level of
hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey
The second, and likely related lead (Potential II), is over 100km² in size with good response for
hydrocarbon potential and is located approximately 8km to 20km to the SW of Potential I
19
Kenya: … Next Step: New 2D Seismic Program
Proposed 2D Seismic Lines
20
Chad: Attractive Acreage in Central Rift System
Outline of West Central African Rift System’s (WCARS) Doba and Doseo basins
over Simba’s southern Chad licences
21
Chad: Offsetting Blocks Indicate Continuous Morphology
Geological data and drilling results from adjacent license areas make compelling case for
hydrocarbon potential of Simba’s southern Chad licenses
West Central African Rifts System (WCARS) producing from different
basins proving the presence of all factors required for generation
West Central Shear Zone (WASZ) passes through Simba’s blocks, testing
both flanks of the rifts
WASZ Fault is both extensional and transtensional creating structural
complexity and improving overall basin permeability
Rift basin produces thick accumulations of sedimentary rocks with
numerous potential hydrocarbon traps
Data offsetting blocks indicated continuous morphology into Simba’s
Chari Sud Blocks I & II
Chad: Next Steps
Established Chad oil services sector to accelerate Simba’s exploration efforts
Build data base & collect satellite imagery, geochemical analysis
Shoot 10,000km of Full Tensor Gradiometry (FTG)
Acquisition and interpretation of 350km of new 2D seismic
Acquisition and interpretation of 50km2 of 3D seismic or 100km of
new 2D seismic
Drill exploration well
Guinea: Blocks 1 & 2
First mover advantage in underexplored high impact onshore basin
Geochemical and extensive seep survey are completed
24
Blocks 1 & 2 comprise 12,000km2 of
the Bove Basin
Silurian shales, which are the major
source rock in all North African basins,
are present
Presence of oil seeps
The basin has three known reservoir
systems with fair to good reservoir
parameters in both clastic sediments
and carbonates
Geochemical Survey completed in
2013
III. Corporate & FinancialCorporate Profile
Corporate Profile
Capital Structure
Share price
Shares in issue
Market Cap
Warrants (expire Apr. 5, 2014
Options
*(as of COB 4 March 2014)
C$0.09*
226 million
C$20m
54.5m
10.0m
26
Contact Us
W | www.simbaenergy.ca
27
Corporate OfficeSuite 210 - 905 West Pender St.
Vancouver, BC V6C 1L6
Canada
T: +1604 641 4450
F: +1 855 557 4622
Toll Free: +1 855 777 4622