Oct 16th 2013 - Edison Investment Research today published a report on Simba Energy entitled "Premier Oil Enters Kenya Onshore". In summary, the report says:
On 15 October, Premier Oil (PMO) announced a farm-in with Taipan Resources to Block 2B, Kenya which is adjacent to Simba’s Block 2A. The entry by a respected mid-cap E&P such as PMO should give investors further confidence in the prospectivity of the region (already populated by players such as Tullow, Africa Oil, Marathon and Afren) and, more specifically, the Anza basin. While Pai Pai well results have not been fully declared by Tullow, the move by another E&P to pick up acreage is encouraging for Simba. We leave our NAV unchanged at this stage, and await confirmation by the Kenya government of Simba’s own farm-out in Block 2A.
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